Dogwifhat Price Prediction: WIF Plunges 16% As Solana Meme Coin Competitor SMOG Goes Parabolic With 335% Surge In A Week

The Dogwifhat price has plunged 16% to trade for $1.7867 as of 05:20 a.m. EST time as trading volume plummeted 50%.

Meme season appears to be dissipating, and WIF is no exception with peers in the sector, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), and Floki Inu (FLOKI), all posting steep declines.

Meme coins, Source: CoinMarketCap

It comes in the wake of traders who had taken long positions on Dogwifhat cashing in on the gains made over the past few days, including the 50% pump on Wednesday.

$WIF the dark side candle 😁#wif #WIF https://t.co/8kK9OfTrOW pic.twitter.com/4Cnk9lyIzd

— Nihilus (@nihilus_XBT) March 7, 2024

Meanwhile, the only sector not to be mauled by investors was AI crypto coins, which saw double-digit gains amid the hype around the upcoming NVDIA 2024 GTC AI conference scheduled for March 18 to 21 in Silicon Valley.

AI crypto coins, Source CoinMarketCap

Dogwifhat Price Prediction As Meme Coins Dump

Meanwhile, the Dogwifhat price still has upside potential as it continues to hold within the ascending parallel channel. The Relative Strength Index (RSI) is inching north, suggesting rising momentum. If the trajectory of this momentum indicator sustains, it could soon execute a buy signal by crossing above the yellow band of the signal line.

Increased buyer momentum could see the Dogwifhat price extend north to overcome resistance due to the midline of the channel, which coincides with the horizontal line at $1.9482. A flip of this roadblock into support would pave way for an extended move north. This could see the Dogwifhat price extend to the top of the market range at $2.2726.

In a highly bullish case, the Dogwifhat price could extend the gains, shattering the roadblock with hopes to record a higher high above it. The next logical target would be the $2.5000 threshold. Such a move would constitute a 45% climb above current levels.

TradingView: WIF/USDT 1-day chart

Conversely, a rejection from the midline of the channel could see the Dogwifhat price drop. A slip below the lower boundary of the channel could send the WIF price all the way to the $1.5000 psychological level.

For the prevailing bullish outlook to be invalidated, however, the price must break and close below the 50% Fibonacci level of $1.3059.

Meanwhile, while the Dogwifhat price struggles to sustain the bullish outlook, Solana competitor Smog is defying market gravity with another pump that took it’s weekly gains to 335%.

Promising Alternative To Dogwifhat

Smog is the latest Solana meme coin sensation that’s become one of the most talked-about meme coins in 2024 after a debut on Jupiter DEX.

Latest Solana Meme Coin Smog Erupts Onto Jupiter DEX With Airdrop Campaign https://t.co/Z7vH9TbvgV

— Crypto24club (@crypto24club) February 8, 2024

Smog also promises to unleash the mother of all airdrops, and is committed to surpassing even the landmark $700 million airdrop by Solana’s JUP. Towards this endeavor, the project has allocated 35% of the total token supply (1.4 billion tokens). Project participants can accumulate airdrop points by engaging in a campaign on Zealy.

Adding to the appeal is Smog’s massive airdrop campaign, which will see 35% of the 1.4 billion supply distributed to community members. pic.twitter.com/L8LvoFQFbW

— Iris Acheson❤️ Memecoin (@acheson_iris) March 4, 2024

The growth of SMOG’s airdrop campaign is reflected in the number of airdrop quest completions on Zealy exploding to more than one million.

$SMOG’s powerful break higher has also seen the number of token holders surge dramatically in just a few days, with holders currently totaling upwards of 49,420.

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The project’s market cap has ballooned to $215 million, enabling it to burst into the ranks of the top 20 meme coins.

And right now you can buy and stake Smog for a 10% discount. But hurry soon to catch the deal before it ends.

Visit and buy Smog here.