Featured Image from X.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On Wednesday, Dogwifhat (WIF) led the crypto market with a 16% surge to $1.37, becoming one of the best-performing cryptocurrencies in the last 24 hours. The token swam against the current as most of the top memecoins recorded red numbers, leading analysts to suggest a possible breakout for the token. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Las Vegas Sphere About To Be WIF Hat Dogwifhat has recovered from yesterday\u2019s drop below the $1 mark following its team\u2019s tease of the long-awaited Las Vegas Sphere project. On Tuesday night, the official Dogwifhat X account shared a picture of its mascot in Las Vegas. The image included the cute dog with the Las Vegas Sphere as its hat and an old Nokia phone with \u201c01.2025\u201d on its screen. Additionally, the account stated that the \u201chat stays on,\u201d explaining that dates will be shared \u201cas soon as we are allowed.\u201d The bullish tease propelled the token back to its recently lost support of $1.30 and reignited the broader community\u2019s interest in the memecoin. WIF became the memecoin sensation of 2024, reaching an all-time high of $4.88 last March. The token also led the memecoin narrative during Q2 and recovered some of its early glory during the December pump. However, WIF\u2019s spotlight was eclipsed by the oversaturated memecoin sector and the rise of many other market sensations like PNUT and CHILL, dropping 40% in the last six months and 75% from its ATH. During its 2,000% growth phase, many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere, the world\u2019s largest LED screen, for a week. The community raised $700,000 to achieve this dream but was left in the dark over the last several months. In July 2024, many investors expressed concern and frustration about the project after Crypto.com displayed Bitcoin\u2019s logo on the Sphere. Some community members questioned the project, calling the initiative an alleged scam. However, the organizer repeatedly assured the WIF community that they were working to make \u201cwif on Sphere\u201d happen soon. Is the Dogwifhat Bottom In? Crypto analyst Altcoin Sherpa shared his outlook on WIF\u2019s recent performance. He suggested that the pump doesn\u2019t seem \u201cactually real\/sustainable\u201d based on the \u201coverall chart\/market conditions.\u201d However, he considers that if Dogwifhat shows some consolidation above the $1.23 mark, it could see another leg up. Meanwhile, crypto trader Bluntz stated that its current levels could potentially be WIF\u2019s bottom. According to the post, \u201cthe major A wave has now been swept\u201d and there are some \u201cnice signs of life forming\u201d in the lower timeframes despite the retrace lasting longer than he anticipated. The trader previously forecasted an \u201cinevitable\u201d fall to the $1 range, arguing that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Related Reading: \u2018No Need To Panic\u2019: Cardano (ADA) Holding Key Level Despite 14% Drop After the recent performance, Bluntz warned that it is a \u201cvery early day, and we haven’t seen a 5-wave rise from the lows \u2018yet\u2019, but I think there\u2019s a decent chance one has begun to form.\u201d Another market watcher also pointed out a one-month falling wedge pattern on WIF\u2019s chart, which targets $1.90 at a \u201cminimum and quickly\u201d if the memecoin breaks out of the upper downtrend line at around $1.40. As of this writing, dogwifhat trades at $1.21, a 14.4% surge in the daily timeframe. Featured Image from X.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":576450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,26263,93285,12715,89756,92954,91713,94105,85699,92951,85073,87684,91711,91712],"class_list":["post-686114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-analyst","tag-crypto-bull-run-2025","tag-crypto-community","tag-crypto-trader","tag-dog-themed-memecoin","tag-dogwifhat","tag-las-vegas-sphere","tag-memecoin","tag-memecoin-frenzy","tag-memecoin-mania","tag-solana-memecoin","tag-wif","tag-wifusdt"],"acf":[],"yoast_head":"\n
WIF Surges 16% Amid Las Vegas Sphere Project Expectations<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n