The post Dogwifhat Price Prediction July – Meme Coin Expert Says Wif Can Hit New $10 ATH appeared first on Coinpedia Fintech News
The crypto market is deep into the red this week, but this could mark a lucrative opportunity to buy projects like Dogwifhat.
Despite the market’s recent adversity, WIF is backed to hit $10 by a top industry player.
The fun is over for bears if trader Bluntz is accurate with his recent prediction.
WIF has struggled lately. It is currently priced at $1.55, down 14% today, 25% this week, and 55% this month.
However, this could mark a monumental buying opportunity, with Bluntz stating that WIF’s higher time frame trajectory is upwards.
“Don’t be afraid to dream a little bigger,” he wrote.
The analyst then depicted a potential path pushing WIF beyond $10, alluding that it will reach the revered figure by Q4 2024.
With the crypto market in a bull market, a longer-term rally seems inevitable for WIF.
But things become more convoluted on a lower time scale.
Based on Bluntz’s chart, we could see a rally beyond $3 in July but close the month on a pullback, laying the way for the next leg up.
However, WIF’s immediate course has evaded Bluntz’s predicted chart path.
This is due to market-wide selling amid growing fears of Mt. Gox liquidations and the German government selling billions of dollars in BTC.
Nevertheless, WIF is currently trading at a 68% discount from its ATH just three months ago, potentially making it oversold.
Prominent analyst The Crypto Dog suggests that WIF will soar immediately once Bitcoin finds a bottom.
“The second BTC finds footing, coins like WIF and PEPE are primed for quick 20-30%+ pumps,” he wrote.
Meanwhile, Trader Ro revealed he is purchasing WIF at this level, likely forecasting that its bottom is in.
And like Bluntz, Trader Ro also nodded to WIF trading above $10.
Despite relentless selling pressure this month, the sentiment surrounding Dogwifhat remains optimistic. That’s a crucial factor that could aid its recovery in July and beyond.
As such, the token will likely begin tip-toeing higher once Bitcoin finds support.
But while Dogwifhat and other cryptocurrencies have struggled recently, the new meme coin PlayDoge has been showing massive strength in its presale.
It’s just another day at the office for PlayDoge, with its presale success continuing to ramp up, undeterred by the market-wide selloff.
The project has just crossed the $5.3 million mark, reflecting huge interest from investors since kicking off its presale in late May.
As its name alludes, PlayDoge is a hybrid meme coin and Play-to-Earn (P2E) cryptocurrency.
Exposure to both sectors has given it a huge presale boost, but it’s not the only thing drawing excitement.
The project’s P2E concept is built around the hit 1990s Tamagotchi game.
Tamagotchi sold 82 million units through its course, with players feverish about its handheld pet companion concept.
PlayDoge adopts a similar model.
Users care for a pet, ensuring it is happy and healthy so it doesn’t run away or die.
But PlayDoge adds to the nostalgic allure with real crypto rewards.
However, there’s a caveat: Users must hold $PLAY to gain eligibility for rewards.
They can also use $PLAY for staking and to make in-game purchases.
Put differently, $PLAY is the game’s native utility token, and its demand will align with the platform’s popularity.
It’s an ingenious concept that blends entertainment and value with user incentives at its core.
And its meme coin allure only strengthens the project’s exciting outlook.
The current PlayDoge presale price is $0.00515, but this will rise incrementally throughout the campaign, with the next increase later today.