DogWifHat Price Outlook: Is It Worth Watching After 20% Rally or Could Pepe Unchained Offer More?
While Bitcoin is breaking records, a dog in a hat is capturing everyones attention.
DogWifHat (WIF) is up 20% in the past day, making it one of the hottest meme coins on the market.
But is it a good idea to get into WIF, or does the new Pepe Unchained (PEPU) Layer-2 project have better long-term prospects?
DogWifHat Breaks $3 as Spot Trading Volumes Explode
DogWifHat is on a wild run right now.
Its price has hit $3 back to where it was in June.
WIF has jumped 59% since the lows of November 5th, and the momentum shows no signs of slowing.
The coins numbers tell quite a story.
Trading went through the roof yesterday, with over $2.2 billion worth of WIF changing hands.
Thats a 200% increase from the previous day.
This buying spree pushed WIFs total value past $3 billion, now double the size of its Solana-based rival Popcat (POPCAT).
Interestingly, theres no real reason for the spike no big news or project updates.
Instead, WIF is benefiting from the broader market bullishness, as pretty much every meme coin is getting a boost right now.
However, traders now face the classic crypto dilemma: cash out or hold on for more gains.
WIF Price Outlook Could $4 Be on the Horizon?
Although WIFs rally has been vertical, the coin likely has more room to run.
Its still trading 38% below its March all-time high when it hit nearly $5.
But jumping in right now might not be the smartest play.
The charts suggest WIF could pull back to around $2.70, based on Fibonacci retracements.
That might be the sweet spot for anyone looking to get in on the action.
Crypto trader @DylanTillEth thinks WIF could rally again and reach $4 by December, and his math checks out.
If WIF falls to $2.70 then rebounds, the next big hurdle is the $3.58 mark, which aligns with the 1.278 Fibonacci extension level.
It also lines up with a resistance zone from June.
Assuming WIF clears that level, then Dylans price outlook looks increasingly realistic.
Ultimately, chasing a hot token is always risky, meaning the smart move might be to sit tight and wait for things to cool down.
Theres a good chance well see one more rally for WIF before the year wraps up.
Pepe Unchained is The $26M+ Meme Coin That Could Provide Huge Gains
While WIF is capturing all the attention, another project is also going viral Pepe Unchained.
This project is different from the average meme coin.
Instead of just relying on hype, Pepe Unchaineds team is building a crypto ecosystem with real utility.
Theyre launching a Layer-2 blockchain, Pepe Chain, that can handle transactions way faster than Ethereum.
And without the huge gas fees.
Pepe Unchaineds presale has already raised over $26.6 million, yet its still ongoing.
That means investors have a narrow window to buy PEPU tokens for $0.01249 each before they hit exchanges.
According to Pepe Unchaineds whitepaper, 40% of the total supply has been set aside for presale buyers, while 30% will be used for staking rewards.
The team even plans to launch a Pump Pad platform for meme coin creators.
So, while WIF looks like it will rally once more, Pepe Unchained could be the dark horse of this meme coin bull run.
Investors are starting to favor meme coins that do something useful, not just feature funny mascots.
And with security audits from Coinsult and SolidProof, Pepe Unchaineds team is doing things by the book.
Thats rare for a new meme coin project.
If the developers can keep up this momentum, theres a possibility that PEPU could match (or even exceed) WIFs gains from the past few weeks.
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