Crypto Trader Affirms Dogwifhat Appears ‘Robust’ Amid an 8% Jump, While Dogecoin and Shiba Inu Decline
2 min read![Crypto Trader Affirms Dogwifhat Appears 'Robust' Amid An 8% Jump, While Dogecoin And Shiba Inu Decline 1 Dogwifhat 'Looks Solid' Says Crypto Trader As Dog-Themed Crypto Surges 8% Even As Dogecoin, Shiba Inu Bleed](https://cryptoinfonet.com/wp-content/uploads/2024/07/Crypto-Trader-Affirms-Dogwifhat-Appears-Robust-Amid-an-8-Jump.png)
<div id="article-body" itemprop="articleBody" itemscope="" itemtype="https://schema.org/Article">
<div>
<div class="sc-MyGTw erdgtf">
<!--$-->
<!--/$-->
<!--$-->
<p class="block core-block">
The cryptocurrency <strong>dogwifhat</strong>
<span class="ticker" data-ticker="WIF/USD" data-exchange="CRYPTO" style="display:inline-block">WIF/USD</span>
deviated from the downtrend seen in most memecoins by charting notable gains on Thursday.
</p>
<!--/$-->
<!--$-->
<p class="block core-block">
<strong>Event Spotlight:</strong> Amidst a period of decline in the memecoin niche, <strong>dogwifhat</strong>, a digital token from the
<strong>Solana</strong> blockchain ecosystem, identifiable with its Shiba Inu mascot adorned in a quaint peachy-hued yarn cap, saw its value increase by over 8% within the past 24 hours, touching a peak not observed in the past month.
</p>
<!--/$-->
<!--$-->
<p class="block core-block">
This upsurge took place in a context where prominent memecoins like
<strong>Dogecoin</strong>
<span class="ticker" data-ticker="DOGE/USD" data-exchange="CRYPTO" style="display:inline-block">DOGE/USD</span>,
<strong>Shiba Inu</strong>
<span class="ticker" data-ticker="SHIB/USD" data-exchange="CRYPTO" style="display:inline-block">SHIB/USD</span>,
and Pepe
<span class="ticker" data-ticker="PEPE/USD" data-exchange="CRYPTO" style="display:inline-block">PEPE/USD</span>
<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/07/39853051/dogecoin-killer-shiba-inu-burn-rate-shoots-up-875-even-as-price-comes-under-pressure-after">were found suffering losses</a>
at the moment. The accumulated market capitalization of memecoins has lessened by 4.21% within the span of a day.
</p>
<!--/$-->
<!--$-->
<p class="block core-block">
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 $1 billion.
</p>
<!--/$-->
<!--$-->
<p class="block core-block">
<strong>You Might Want to See</strong>:
<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b">
</a>
<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/07/39852783/bitcoin-ethereum-dogecoin-fall-as-trumps-presidency-odds-dip-on-prediction-market-analyst-">
<strong>Market Update: Bitcoin, Ethereum, Dogecoin Drop Amidst Changes in Predictive Political Markets - Analysts Signal Potential Market Dip Strategies</strong>
</a>
</p>
<!--/$-->
<!--$-->
<!--$-->
<!--/$-->
<!--/$-->
<!--$-->
<p class="block core-block">
<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 $3 as the upcoming milestone for the coin.
</p>
<!--/$-->
<!--$-->
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
</figure>
<!--/$-->
<!--$-->
<p class="block core-block">
<strong>Current Trading Value:</strong> At the time this document was prepared, WIF was trading at $2.41, which indicates an 8.72% increase over the last 24 hours, in accordance with
<a target="_blank" href="https://pro.benzinga.com/dashboard?_gl=1*380nj0*_ga*MTEyOTAyOTcxMy4xNzEzMzY0NTYy*_ga_V7ZK73W7N0*MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">
data procured from Benzinga Pro
</a>.
</p>
<!--/$-->
<!--$-->
<p class="block core-block">
<strong>Up Next:</strong><em></em>
</p>
<!--/$-->
<!--$-->
<!--/$-->
<!--$-->
<p class="block core-block">
<em>Image courtesy of Shutterstock</em>
</p>
<!--/$-->
</div>
</div>
<a target="_blank" class="text-sm my-4" href="https://benzinga.com/apis" rel="noreferrer">
Get the latest Market News and Data powered by Benzinga APIs
</a>
<p class="copyright">
© 2024 Benzinga.com. Benzinga does not give out investment advice. Rights reserved.
</p>
</div>
Note: Please be careful when using the "target" attribute on the <a>
tags above. Some of them are redundant and should not be placed twice in the same tag. This inconsistency has been left to preserve the original content structure provided.
Source link
#Dogwifhat #Solid #Crypto #Trader #DogThemed #Crypto #Surges #Dogecoin #Shiba #Inu #Bleed