Top Reasons Why dogwifhat Might Reach $3 Soon

dogwifhat has recently crossed the $2 mark and has set a new all-time-high (ATH) record of $2.20 today. It was an astonishing performance by the coin in just a few days, as it was stuck under $1 for months and gained a major hike by the start of this month. It questions the token potential to surpass $3 in the upcoming days. Will dogwifhat cross $3 mark? If so, why? Let’s discuss that in this blog.

dogwifhat (WIF) Price Analysis

dogwifhat had its best performance today (6 March), where it led the ATH price but faced a dip, and the price went down from $2.20 to $2.03. It is still in the hike of 20% from yesterday with a trading volume of $1,397,528,952 with an upturn of 113%.

Within the same day, it also managed to fall as low as $1,07, but we are way past that now with the re-entry in the $2 zone. It is ranked 52 on the Coinmarketcap with its market cap of $2,043,764,282 after a hike of 19.5%.

Aspects That Indicates The Chances of dogwifhat Reaching $3

In the last 30 days, green candles have represented dogwifhat majorly, showing its ongoing bullish nature. It has played a significant role in convincing investors about the potential of the token and its grip on the crypto market.

WIF has also maintained good liquidity, which is also a good indicator of receiving an upward push in the market. It does help in understanding that WIF has the chance of continuing on the peak, but to say that it will reach the $3 mark is a complicated conclusion.

There are two significant indicators, which might help dogwifhat reach $3.

Binance Listing Pushed WIF Above $2

Moments after Binance announced the dogwifhat listing, the prices surged by 25% within an hour. WIF was already listed on the platform yesterday, where the users got the chance to deposit their tokens on the exchange, and the withdrawal will open today (6 March).

Robinhood also announced a listing for dogwifhat tokens just a few earlier. This new listing will boost the WIF prices. Not only this, the rumors are out that many other centralized exchanges will also follow Binance and Robinhood in listing the token soon,

Bullish Market Situations

Major cryptocurrencies, including Bitcoin and Ethereum, have outperformed their value in the last few days, which has pushed the market toward the greed zone. The fear and greed index has indicated extreme greed in the market, representing increased buying, leading to a price surge.

dogwifhat is in the trending section for days, pushing the prices higher. The community has responded well to the coin, along with the increased whale activity. Recently, a whale has invested $2 Million in WIF tokens along with another investment of $310 million.

Conclusion

dogwifhat performance over the last few days has caught the attention of many investors, which led to 998,920,173 WIF out in circulation. Just today, WIF has set its ATH, and another price spike above this will set the reputation of this token in the crypto market. If the market conditions stayed the same, dogwifhat might touch the $ 3 mark. Learn more about why did crypto market crashed today.

The post Top Reasons Why dogwifhat Might Reach $3 Soon appeared first on CoinGape.

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