Crypto Trader Affirms Dogwifhat Appears ‘Robust’ Amid an 8% Jump, While Dogecoin and Shiba Inu Decline
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The cryptocurrency <strong>dogwifhat</strong>
<span class="ticker" data-ticker="WIF/USD" data-exchange="CRYPTO" style="display:inline-block">WIF/USD</span>
deviated from the downtrend seen in most memecoins by charting notable gains on Thursday.
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<strong>Event Spotlight:</strong> Amidst a period of decline in the memecoin niche, <strong>dogwifhat</strong>, a digital token from the
<strong>Solana</strong> blockchain ecosystem, identifiable with its Shiba Inu mascot adorned in a quaint peachy-hued yarn cap, saw its value increase by over 8% within the past 24 hours, touching a peak not observed in the past month.
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This upsurge took place in a context where prominent memecoins like
<strong>Dogecoin</strong>
<span class="ticker" data-ticker="DOGE/USD" data-exchange="CRYPTO" style="display:inline-block">DOGE/USD</span>,
<strong>Shiba Inu</strong>
<span class="ticker" data-ticker="SHIB/USD" data-exchange="CRYPTO" style="display:inline-block">SHIB/USD</span>,
and Pepe
<span class="ticker" data-ticker="PEPE/USD" data-exchange="CRYPTO" style="display:inline-block">PEPE/USD</span>
<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/07/39853051/dogecoin-killer-shiba-inu-burn-rate-shoots-up-875-even-as-price-comes-under-pressure-after">were found suffering losses</a>
at the moment. The accumulated market capitalization of memecoins has lessened by 4.21% within the span of a day.
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Notably, WIF's ascendancy reinforces its weekly upturn to surpass 51%, marking it as the standout performance in the realm of cryptocurrency. With an astonishing climb of 1471 since the start of the year, the dog-inspired token is the frontrunner amongst memecoins with a valuation exceeding $1 billion.
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<strong>Analyst Insights:</strong> A notable X crypto market analyst, known as <strong>HornHairs</strong>, has suggested that dogwifhat could experience further growth should it stabilize at the $2.20 mark, setting $3 as the upcoming milestone for the coin.
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<strong>Current Trading Value:</strong> At the time this document was prepared, WIF was trading at $2.41, which indicates an 8.72% increase over the last 24 hours, in accordance with
<a target="_blank" href="https://pro.benzinga.com/dashboard?_gl=1*380nj0*_ga*MTEyOTAyOTcxMy4xNzEzMzY0NTYy*_ga_V7ZK73W7N0*MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">
data procured from Benzinga Pro
</a>.
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<strong>Up Next:</strong><em></em>
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<em>Image courtesy of Shutterstock</em>
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#Dogwifhat #Solid #Crypto #Trader #DogThemed #Crypto #Surges #Dogecoin #Shiba #Inu #Bleed