Pundit Predicts Shiba Inu Competitor Dogwifhat Will Reach $10 Amid Short liquidations
Crypto trader and analyst Unipcs (Bonk Guy) has reiterated his bullish prediction for Dogwifhat (WIF). He made this statement while revealing the sums lost by short traders thanks to their bearish sentiment around the meme coin.
Dogwifhat Headed To $10
Unipcs mentioned in an X (formerly Twitter) post that Dogwifhat is headed to $10 and will never drop to as low as $1 again. He added that the market is currently in a meme coin supercycle, which is why he believes the meme coin can attain such heights. The crypto trader also highlighted how WIF shorts were getting squeezed hard and said this is the way it should be.
Besides Dogwifhat, Unipcs generally has a bullish outlook towards meme coins. He earned a reputation for longing Bonk, another Solana-based meme coin, with $16,000 in October 2023 and still holding as at the last time he shared an update on the trade. Based on his update, his unrealized profit has risen to as high as $13.7 million at some point.
Unipcss bullishness on meme coins is also not surprising, considering this category of crypto tokens is projected as one of the leading narratives in this bull run. It is also worth noting that meme coins Dogwifhat and Pepe (PEPE) are currently this years best-performing crypto assets among the top 50 coins by market cap, with year-to-date (YTD) gains of over 1,800% and 1,000%, respectively.
Unipcs isnt the only one who believes that WIF could rise to $10. Another crypto trader known as Free has also reaffirmed on different occasions that the meme coin will still rise to that price level. Meanwhile, crypto analyst Bluntz Capital is also ultra-bullish on Dogwifhat, as he once suggested that the meme coin will flip PEPE and Shiba Inu (SHIB) to become the second-largest meme coin by market cap, only behind Dogecoin (DOGE).
This Crypto Analyst Has Other Expectations
Crypto analyst CrediBULL Crypto recently revealed his bearish expectations for meme coins, including WIF. He foresees a meme wipeout, which could be worse than he initially thought. He added that this occurrence would catch a ton of people off guard. He claimed he would become a meme coin bull when the time is right, but now is not the right time.
In a recent video posted on his YouTube channel, CrediBULL Crypto also analyzed Dogwifhat. He noted that WIF had significantly moved to the upside, as he rightly predicted in an earlier market update. Back then, he mentioned that he was expecting the meme coin to rise to $3.8 before it dropped to as low as $1.6.
However, in his recent video, he revealed that he wont be shorting Dogwifhat even when it reaches $3.8. Instead, he will wait for the meme coin to claim the untapped highs at the $4 range to validate his bearish expectations.
At the time of writing, Dogwifhat is trading at around $3, up over 6% in the last 24 hours, according to data from CoinMarketCap.
Read more: https://www.newsbtc.com/meme-coins/shiba-inu-competitor-dogwifhat-10/
Text source: NewsBTC
