Analyst Says WIF Is Ready To Challenge Dogecoin And Shiba Inu With ‘Turbo Parabolic’ Rally

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Crypto analyst Bluntz Capital lately supplied a bullish narrative for the Dogwifhat (WIF) token. As a part of his evaluation, he recommended that the meme coin might go head-to-head with the foremost meme cash, Dogecoin (DOGE) and Shiba Inu (SHIB).

WIF To Go “Turbo Parabolic”

Bluntz hinted in an X (previously Twitter) submit that WIF’s subsequent transfer to the upside might be the one which makes its worth go “turbo parabolic.” He added that the meme coin would unlikely see any additional pullback on the $0.50 resistance. From the accompanying chart the analyst shared, one might see that he was hinting on the meme coin hitting $1 when this parabolic transfer occurred.

Bluntz is thought to be very bullish on the meme coin and has shared a number of technical analyses of the meme coin’s chart on his X platform. That is additionally not the primary time he has recommended that the crypto token will rise to $1. In a earlier X submit, he boldly claimed that WIF to “$1 is programmed.”

WIF is at present ranked because the sixth-largest meme token by market cap, in line with information from CoinMarketCap. The crypto token has a market cap of $296 million, far behind the likes of DOGE and SHIB, which boast a market cap of $12 billion and $5.5 billion, respectively.

New Meme Coin To Overtake Bonk?

Additionally it is price mentioning that WIF (a Solana-based token) isn’t the biggest meme coin within the Solana ecosystem. The crypto token is at present ranked second behind BONK (which has a market cap of $725 million). Nevertheless, the altcoin’s rise to $1 might see the meme coin probably declare the highest spot, primarily as a result of BONK’s worth is means decrease at round $0.0000114.

Apparently, Arthur Hayes, the previous CEO and co-founder of crypto change BitMEX, had highlighted WIF as certainly one of two altcoins he would spend money on. He additionally recommended that the meme coin overtake BONK, stating that the latter was the “final cycle’s doggy cash.” Then, he added that “if it ain’t Wif Hat, it ain’t shit.”

The altcoin has already made important strides to begin this yr, boasting a year-to-date achieve of over 90%. As compared, BONK has seen a decline of over 14%. The crypto token can also be better off since extra eyes are anticipated to be on the Solana ecosystem heading into the subsequent bull run.

On the time of writing, WIF is buying and selling at round $0.29, down over 11% within the final 24 hours, in line with information from CoinMarketCap.