Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations

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As an experienced crypto analyst with a deep understanding of the market, I’ve closely followed Unipcs (Bonk Guy) and his bullish predictions for Dogwifhat (WIF). Based on my analysis, I share his optimistic outlook towards meme coins, as they have proven to be major players in this current bull run.

Unipcs, also known as Bonk Guy and a well-known crypto trader and analyst, has once again expressed his optimistic viewpoint towards Dogecoin (WIF). He made this statement in the process of disclosing the significant losses sustained by short traders due to their pessimistic stance on the meme coin.

Dogwifhat Headed To $10

As a crypto investor, I’ve been closely following Unipcs’ recent predictions on X, formerly known as Twitter. Excitedly, he expressed his conviction that Dogewhats’ price will surge to $10 and won’t plummet below that level again. He attributes this bullish outlook to the current meme coin supercycle in the market. Furthermore, Unipcs shared that short sellers of WIF are experiencing significant losses, emphasizing that such market dynamics are essential for the crypto space. I wholeheartedly agree with him; it’s all about riding the wave and embracing the volatility of this thrilling investment journey.

Unipcs, aside from Dogwifhat, holds a favorable view towards meme coins in general. He gained prominence for investing in Bonk, a meme coin built on the Solana platform, with an initial investment of $16,000 back in October 2023. The latest update he provided indicated that his current holdings of this asset have seen substantial growth, reaching an impressive unrealized profit of approximately $13.7 million at one point.

As a crypto investor, I can’t help but be intrigued by Uniswap’s bullish stance on meme coins. With meme tokens being one of the hottest trends in this current bull market, it comes as no surprise that Uniswap would take notice. Furthermore, two particular meme coins, Dogecoin and Pepe (PEPE), have truly shined this year. Their impressive YTD gains of over 1,800% for Dogecoin and 1,000% for PEPE among the top 50 coins by market cap are a testament to their popularity and potential.

Unipcs isn’t the sole proponent of the belief that WIF could reach $10. Another crypto trader, nicknamed ‘Free,’ has repeatedly expressed this viewpoint as well. Furthermore, Bluntz Capital, a crypto analyst, holds an extremely bullish stance on Dogwifhat. At one point, he predicted that this meme coin would surpass the market caps of PEPE and SHIB to become the second-largest meme coin, trailing only Dogecoin.

This Crypto Analyst Has Other Expectations

Meme coin analyst CrediBULL Crypto has expressed pessimistic views towards meme coins such as WIF. He predicts a significant drop in value, which he refers to as a “meme wipeout.” This event could potentially take investors by surprise. Despite his bullish stance on meme coins in the future, he currently advises against investing in them.

In his latest YouTube video, CrediBULL Crypto discussed Dogecoin (WIF). He pointed out that the cryptocurrency had noticeably surged upward, just as he had forecasted in a previous market analysis. During that assessment, he had indicated that Dogecoin could potentially reach $3.8 before experiencing a decline to around $1.6.

In his latest video, he disclosed that despite Dogwifhat potentially reaching a price of $3.8, he won’t sell short on it. Instead, he intends to bide his time and observe if the meme coin can hit the uncharted peaks around the $4 mark before confirming his bearish stance.

As I analyze the current market situation, Dogwifhat is presently priced at approximately $3 with a robust surge of over 6% within the past 24 hours, based on information obtained from CoinMarketCap.

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2024-05-23 23:46