Summary: Dogwifhat (WIF) surged 7% to 3.65 after being listed on Robinhood but this surge didn’t last as it dropped down to $3.23. Experts however are still hopeful and optimistic and suggest WIF could hit $5 if it sustains momentum. This signals a hope for further growth in meme coins amid Robinhood’s shifting crypto strategy.
Meme Coin Momentum
Dogwifhat is a solana based meme coin which experienced a sudden and significant boost following its integration to Robinhood’s crypto offerings. Being in the listing expanded WIF’s exposure, making it one of only 20 tokens available on the platform. Though nothing is confirmed as just after the initial spike, the price came down to %3.23 and now is on a well-defined consolidation zone which might suggest another significant surge coming in near future.
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Technical Analysis and Price Projections
Analysts note that a daily close above $3.75 could trigger a 25% rally, pushing WIF to $4.70. If positive sentiment continues, $5 could be achievable. For now, the coin’s performance hinges on breaking out of its current range.
Skepticism and Future Listings
While WIF enjoys its moment in the spotlight, critics question its lack of intrinsic value compared to established coins like DOGE. Speculation is growing about Robinhood potentially listing other dog-themed tokens, including BONK, which could further fuel meme coin momentum.