Dogwifhat Price Prediction: WIF surges 23% but investors rush to buy this voting coin with 1213% annualized staking yield

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In the past 24 hours, Dogwifhat’s price has surged by 23% to trade at $3.07, and as of 11:30 PM ET, trading volume has surged by 216% to $1.67 billion.
The surge in WIF’s price brought its weekly performance to 48%, surging from approximately $2.08.
In other words, the WIF price increased by almost a full dollar.
However, the coin did encounter strong resistance over the past 24 hours as its price attempted to move up from $2.50 only to encounter strong resistance at $2.75. After attempting to break through this level throughout the day, the price finally broke through this barrier a few hours ago, reaching a high of $3.1904 before falling back.
The surge in WIF is part of a broader crypto market rally that began after Donald Trump’s election victory. That rally is still ongoing, led by Bitcoin, which just reached a new all-time high of $81,858.
While WIF itself is still a long way from its all-time high of $4.85 in March of this year, its rapid price rise is equally impressive.
Dogwifhat Price Prediction
As mentioned earlier, the Dogwifhat price has seen a sharp rise as part of an ongoing rally, but the coin looks like it may see a correction in the coming hours. A decline has already begun, although it is unlikely to be particularly severe as the market remains extremely bullish.
Its Bollinger Bands have widened significantly over the past few hours, creating a considerable distance between each other. The upper band pulled higher as the price rose, only to suddenly separate from it in the last hour or so as the correction began.
Currently, the price is declining towards the midpoint between the two bands, but recent performance suggests that the price may return to the upper band before reaching the midpoint.
This is supported by the project’s Relative Strength Index (RSI) value, which surged into the overbought zone of 83.05 over the past few hours before some traders took profits, leading to the start of a correction.
However, while the RSI started a downward spiral towards the value of 60, it stopped before reaching it and is now showing signs of renewed growth.
This suggests that traders have taken advantage of the slightly lower price to buy WIF, likely thinking it will not only recover, but go higher than it has so far.
Promising alternatives to Dogwifhat
Investors looking for WIF-like performance can consider the new memecoin Flockerz (FLOCK). Flockerz is a project that aims to bring community members together and ensure they stay in the community and remain active.
It plans to achieve this through its new model called Vote to Earn (V2E). In short, the model rewards those who vote on various project-related proposals and participate in the governance process.
In doing so, it also ensures that its project remains decentralized by giving many people a reason to keep coming back and voting.
Another incentive to participate is the annual return of up to 12,13% that can be obtained by staking FLOCK tokens.
ClayBro, a well-known YouTuber with more than 130,000 subscribers, said FLOCK has 20 times the potential after its launch.
If you want to join in on the over $1.4 million that has been invested in Memecoin to date, each coin is now selling for $0.005981. Buy in less than 23 hours to get the best deal.
Visit FLOCK here.