The knitted-hat-wearing canine of the crypto world, Dogwifhat (WIF), is back in the spotlight. After a price slump in April, WIF has rekindled its meme magic, surging 21% in the past week and reigniting dreams of a $5 price target. Related Reading: Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 Wags And Trades: A Market Rejuvenated The rally has been fueled by a potent cocktail of factors. Renewed interest from traders on both Spot and Derivatives markets has seen WIF’s daily trading volume explode, surpassing a staggering $507 million. This surge in liquidity indicates a market eager to jump back on the Dogwifhat bandwagon. The party extends to the world of derivatives, with trading volume spiking by 53.9%. The Open Interest (OI) indicator, a gauge of open leveraged positions, also saw a healthy 25% increase, suggesting traders are placing big bets on WIF’s future. The price of $WIF is moving exactly as we predicted and broke the trendline of resistance. Get ready #Spotters, the target for #Dogwifhat is $4.5. pic.twitter.com/RdNCT2JabP — Market Spotter (@MarketSpotter) July 1, 2024 It’s l ..
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 Jumps 21% As Analysts See $4.5 Price Tag){kind=link}