Yahya 
Among the recently acquired coins, dogwifhat, or WIF, has become the central crypto. Establishing new price benchmarks and increasing demand to trade at $2.59, the token has been fast rising at record rate.
Before reverting to trade inside the $2.50–$2.60 price range, the token just touched the $3 price threshold. But WIF could be propelled to fresh price highs by the coin’s explosive appeal among the general people. Elon Musk has officially joined the queue; in a recent update, he mentioned knowing about the popular SOL token.
Dogwifhat Gains Momentum Amid Record Price Milestones
As Elon Musk recently revealed about how he had learned about a coin called Dogwifhat (WIF), the Dogwifhat community entered a positive frenzy. Musk was observed on X sharing the same in a live stream. Since then, the purportedly “acknowledging” video clip of Musk on the existence of Dogwifhat has excited the crypto community.
Some are seeing Musk’s acknowledgement of WIF as a path for WIF’s amazing price increase as he is well-known to significantly affect the crypto markets with his different ideas and tweets.
Musk’s Acknowledgment Drives Major Price Hike Rumour
Musk is well-known as a passionate Dogecoin enthusiast who has endorsed Doge on multiple public venues. Furthermore greatly affecting the price prospects of the token are his dog-centric tweets. Likewise, the community is expecting WIF’s outstanding price increase now that the token has formal reference from the Tesla chief personally.
Currently, the WIF community is looking to Dogwifhat to capture and welcome the so-called “Musk effect.”
Dogwifhat’s pricing showed a slight increase following Musk’s admission of WIF before negating its increases. WIF projects a reasonable price increase in June according to CoinCodex. CC claims that WIF numbers could show a 200% price increase by the end of June.
By July 11, 2024 Dogwifhat’s price is expected to increase by 227.99% and hit $8.85. Our technical indicators reflect a gloomy current sentiment; the Fear & Greed Index shows 74 (greed). Dogwifhat tracked 10/30 (33%) green days with 9.88% price volatility during the past thirty days.
Click here to get the latest news from Coin Engineer!