Bittime - Dogwifhat (WIF) price saw an impressive rise on Friday April 19, 2024, even outstripping the performance of other meme coins.
This increase puts WIF in second place after Bonk Inu (BONK) in terms of price movements.
WIF's surge was influenced not only by the recovery of Bitcoin (BTC) price above $63,000, but also by other factors that drove investor interest in the project.
WIF price conditions of Coinbase Securities
WIF price conditions experienced a spike following the official announcement from Coinbase. Since Thursday, via their official platform on
The Solana-based meme coin is predicted to experience a surge in popularity with the “Coinbase Effect,” following the announcement of its planned debut on the leading crypto exchange on April 25.
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What Is the Coinbase Effect?
The Coinbase Effect is a frequent phenomenon in the cryptocurrency market, where digital tokens newly listed on the Coinbase platform experience significant price spikes in a short period of time.
Research by cryptocurrency analysis firm Messari further strengthens the evidence for the existence of this Coinbase Effect.
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Coinbase Performance Against WIF
Messari analyzed the performance of digital tokens during the first five days after being listed on Coinbase, and compared it to their performance on other platforms such as Binance, OKEx, and Kraken.
One of them is that if WIF reaches an average success rate of 91%, Dogwifhat is predicted to be able to reach its highest price again at $4.86.
Dogwifhat Price Has the Potential to Rise Driven by Bullish Sentiment and WIF Listing
Dogwifhat price is currently moving in a consolidation range between $3.14 and $3.90, awaiting the direction of Bitcoin (BTC) as an altcoin in general. BTC's strong movement may trigger an increase in WIF prices.
Despite bearish sentiment surrounding the market due to rising risks, technical indicators are showing bullish signals for Dogwifhat.
Bullish Indicator
- Relative Strength Index (RSI): Crosses the signal line and breaks through the yellow band, signaling a potential buying opportunity. This movement is historically followed by an increase in the price of Dogwifhat.
- Awesome Oscillator (AO): The histogram turns green, indicating strengthening bullish momentum in the WIF market.
Important Price Levels
- $3.14
- $4.24
- $4.78
If the bullish momentum continues and the price breaks through these levels, Dogwifhat has the opportunity to re-reach its target high of around $4.86, marking an increase of almost 91% from the current price.
If the price of Bitcoin declines again, it will result in a decline in the value of altcoins as a whole, the price of Dogwifhat also has the potential to decline.
A possible break below the $2.15 level may occur, driven by market dominance by sellers (bears).
This is reinforced by the RSI indicator which is below the average level of '50' and the indicator (AO) which shows negative movement.
Check Crypto Prices Today:
WIF/IDR Price Today
source: Bittime
Based on the Bittime market today, Friday 19 March 2024, the WIF/IDR price was observed to have increased by 5.65% in the last 24 hours. Currently the price for WIF to IDR is IDR 42,156.
How to Buy Dogwifhat (WIF) on Bittime
You can buy and sell Dogwifhat (WIF) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Dogwifhat (WIF) is available on Bittime with the market pair WIF/IDR . To be able to buy WIF IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Dogwifhat (WIF) on Bittime .
Monitor the price chart movements of Dogwifhat (WIF ) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Base Announces 6th Wave of Funding Program: Here's the List of Recipients!
Dogecoin (DOGE) Trading Volume Soars, a Sign that the Price Will Recover?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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