Dogwifhat To The Vet! Meme Coin Needs Medical Attention After Price Plunge

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	81,163,020,958	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

81,163,020,958

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3.88	-2.08%	182.92	182.92	182.95

Price Change

Price Change %

Current Price

Bid Price

Offer

-3.88

-2.08%

182.92

182.95

High Price	Low Price	Open Price	Prev. Close	52 Week Range
188.90	182.87	185.92	186.80	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

188.90

182.87

185.92

186.80

- - -

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	03:55:38	0.027000	183.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

03:55:38

0.027000

183.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,704,679.27	213,678.21	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,704,679.27

213,678.21

Dogwifhat To The Vet! Meme Coin Needs Medical Attention After Price Plunge — Analyst

14/04/2024 10:00pm

NEWSBTC

Dogwifhat (WIF) witnessed a sharp decline, with its price plummeting by nearly 20% over the past 24 hours. This latest downturn marks a continuation of the downward trend that began in late March, culminating in a significant 40% decrease. Related Reading: Bitcoin Below $70,000: Is $80K Still Possible, Or Is The Rally Over? Analysts Raise Concerns: ‘It Needs To See A Vet’ The drastic price drop has prompted analysts to voice their concerns, with one commentator humorously remarking, “It needs to see a vet.” The analogy underscores the severity of the situation, suggesting that Dogwifhat’s current state requires careful attention and intervention. I think the dog is going to take off the hat for a bit. Across every timeframe $WIF looks like it needs to see a vet. It probably ranges for some time, enough to get people moving on and doubting its long term place in this market (it stands with $DOGE now imo).. The next pump… pic.twitter.com/bG4vum8GEh — HORSE (@TheFlowHorse) April 12, 2024 While the surge in trading volume may signal short-term interest, analysts remain cautious, emphasizing the need for a thorough assessment of the coin’s health. Mixed Predictions: Uncertainty Looms Over Dogwifhat Future Amidst the uncertainty, analysts are divided on the future trajectory of Dogwifhat. Some foresee a continuation of the bearish trend, anticipating further dips in the coin’s value. However, others adopt a more optimistic stance, suggesting that while short-term challenges persist, Dogwifhat may offer significant returns in the long run. One analyst predicts a period of ranging for WIF, followed by a stronger pump, hinting at a potential summer resurgence for the embattled coin. Bitcoin is now trading at $64.752. Chart: TradingView According to CoinMarketCap data, Dogwifhat overtook Pepe (PEPE) on March 29 to take the third spot as the largest meme coin in terms of market capitalization. But Dogwifhat’s elation turned out to be fleeting. In comparison to the meme coin market as a whole, the Solana meme coin category, which included WIF, saw a more severe decline. WIF weekly price action. Source: Coingecko This implies that conditions unique to Solana meme currencies, like as network bottlenecks or worries about the capacity of the platform, may be causing the price decline. Other Meme Coins Take A Hit Meanwhile, as the fate of Dogwifhat hangs in the balance, its decline has reverberated across the meme coin landscape, impacting other notable cryptocurrencies in the market. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki (FLOKI), and Bonk (BONK) have all registered significant dips in the wake of WIF’s downward spiral. Related Reading: Uniswap Bloodbath: UNI Price Crashes 16% On SEC Lawsuit Fears The interconnectedness of these meme coins underscores the volatility inherent in the cryptocurrency market, where price movements in one asset can trigger cascading effects across the ecosystem. Featured image from Pexels, chart from TradingView

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SOLUSD Solana