In the ever-changing world of cryptocurrencies, popular trader and analyst Unipcs, also known as Bonk Guy, once again expresses his optimistic outlook on Dogwifhat (WIF), a meme-inspired coin that is in the news. After noticing the huge loss incurred by short traders due to their pessimistic views on this particular coin, Unipcs confidently predicted that Dogwifhat would rise to a price of $10.
In a recent post on social media platform His firm belief stems from the current meme coin super cycle in the market, which, according to him, is responsible for pushing the value of meme coins to such unprecedented heights. He also noted that WIF shorts were going through a bleak phase where they were “extremely stressed,” an outcome he considers entirely justified.
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Dogwifahat is not the only meme to gain the trust of Unipcs. An interesting anecdote from October 2023 recounts how he placed a long position on Bonk Coin, another Solana-sourced meme coin, for the large sum of $16,000, with trading still active at the time of his last update. His bold move paid off impressive dividends as his unrealized earnings peaked at $13.7 million at one point.
Unipcs’ optimism about these virtual tokens is somewhat understandable, given the notable coin acquisitions in recent years. Meme coins are expected to be one of the leading narratives in this uptrend, and they are already exerting their weight. Dojoyvat and another meme coin, Pepe (PEPE), are the flag bearers in this year’s cryptocurrency market, with year-to-date gains of over 1,800% and 1,000% respectively.
Unipcs’ belief in Dogwifhat is shared by other influential voices within the cryptocurrency community. Another cryptocurrency trader, known only as “Free,” has repeatedly made predictions that Dogwifahat’s price will reach $10. Bluntz Capital, a prominent cryptocurrency analyst, echoes this sentiment and is confident that the meme will surpass PEPE and Shiba Inu (SHIB) in terms of market capitalization.
However, another prominent crypto analyst, CrediBULL Crypto, offers the opposite view. He has expressed a negative view of meme currencies, including Dojoyvat, and warned of potential “meme erasure,” which he believes may surprise many. However, his bearish outlook does not rule out future optimism when conditions mature.
Through a recent YouTube video, CrediBULL Crypto delved into its analysis of Dogwifahat. He recounted his previous forecast, which saw Dojoyvat rise to $3.8 before falling to $1.6. But in a sudden change in strategy, he said that even after reaching $3.8, he would not sell short on Dogwifhat. He plans to wait until Dojoevat hits untapped highs within the $4 range, strengthening his bearish stance.
At the time of writing, Dogwifhat is trading at around $3, up over 6% in just 24 hours according to CoinMarketCap. As the meme trading craze continues, Dogwifhat’s journey forward promises to be a captivating watch for traders and spectators alike.