Dogecoin in cryptocurrencies $0.095893‘s existence was a great pioneer in the rise of meme coins, and in the ongoing process, first SHIB and then other meme coins were seen to rise. Especially the emergence of PEPE in the middle of 2023 was one of the first steps of a new meme coin craze. However, things changed as we entered 2024 and the Solana network changed everything from top to bottom. One of the shining projects during the mentioned period was WIF coin, and after the rise of the altcoin, it was reflected in the charts that it was strongly placed among the top 5 meme coins, and for a short time it left PEPE behind and sat in 3rd place. Today, analysts have different comments about WIF.
WIF and Analyst Comments
While analysts’ comments continued to have an important place in the market, it was seen that they had mixed feelings about WIF, which was number 4 among meme coins as of the time of writing. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
While wondering in which direction the meme coin, which rose to $ 4.85 in the past, will move, it may be useful to first look at the statement made by Altcoin Sherpa on X. Altcoin Sherpa, one of the well-known analysts of the market, seemed to cause anxiety in the market with his statements.
Emphasizing that BTC movements have a significant impact on the movements of WIF and the rest of the market, the analyst said:
Don’t expect coins like WIF to really go up for a while; I predict they will continue to go down as long as btc is stable. Not really a great spot for a long with leverage imo; I’d rather just stick with DCA and scaling as long as you think this is a leader later on
Following Sherpa, the comments made by another market analyst, TheoTrader, on X drew attention, as the analyst appeared to be more optimistic.
TheoTrader commented:
While the rest of the market is bleeding, $WIF is holding up well here. A breakout could trigger a strong reversal. That’s my opinion.
How Many Dollars is WIF?
Bitcoin 
$54,501.99On the day when the briefly fell to $ 54,000 and recovered to settle at $ 54,400, the WIF price seems to have risen to $ 1.51 after a 0.85% increase. In addition to today’s increase, the price movement in the last 7 days seems to indicate a 1.12% increase.
On the other hand, it would not be wrong to say that WIF is still 70% away from its ATH. After the price movement, WIF’s market volume settled at $1.5 billion, while the 24-hour trading volume was only $170 million after a 35% decrease, revealing the decline in investor interest.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
