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Solana meme coins are on the move again, with Dogwifhat leading the rally.
The WIF price is up by over 36% in the past week after a 7% green candle on Wednesday.
The meme coin has now reclaimed $2 and the latest Dogwifhat price predictions have it reaching new all-time highs at a surprisingly rapid pace.
Experts believe that WIF’s resurgence will also mark the start of a broader meme coin bull run, which could see low-cap gems like Pepe Unchained, MOTHER and MAGA skyrocket as well.
Dogwifhat Price Prediction - How High Can WIF Go In October?
Prominent crypto trader RookieXBT projects that Dogwifhat will erase months of downtrend in a span of 2-3 weeks, a sentiment shared by many smart money investors.
Considering WIF’s price action over the past week, it appears that the meme coin is on the cusp of a bullish reversal.
For instance, the top Bybit trader Bluntz - whose Dogwifhat price predictions have been remarkably accurate - signals that WIF has breached its multi-month downtrend.
Using the Elliot Wave Theory, he projects that the bottom is in for WIF and the meme coin could see a steep bullish trajectory to the $6 - $7 price range.
been a while but i decided to do a $wif macro video update, enjoy pic.twitter.com/HcRg4QEvqn
— Bluntz (@Bluntz_Capital) September 25, 2024Previously, Bluntz had projected that Dogwifhat would peak in the $10 to $12 price range this bull cycle.
He is also not the only smart money investor projecting a bullish reversal for WIF. Crypto Tony also signals that the meme coin’s high-volume reclaim of the $2 price mark has a high likelihood of bullish continuation.
— Crypto Tony (@CryptoTony__) September 25, 2024While a new all-time high in October would be a tall order for the bulls, experts are confident that a $3 reclaim isn’t out of the question. However, the WIF price would have to flip its 30-week Simple Moving Average to achieve this, which is currently hovering at $2.40.
Smart money investors have highlighted that Dogwifhat has been an excellent indicator of the broader market sentiment. As a result, WIF’s bullish resurgence could be a signal that a broader meme coin bull run is on the horizon, which could see low-cap tokens deliver outsized returns.
Best Low-Cap Meme Coins To Buy Now - PEPU, MOTHER, MAGA
Despite large caps like Dogwifhat and Popcat showing enormous strength, whales are still hunting for low-cap gems, aiming for 10x to 100x returns.
For instance, projects like MOTHER and MAGA - which have seen massive correction over the past few months - are expected to soar once again. In particular, MAGA will be in the spotlight as the November Presidential elections draw near.
For instance, a number of large whale purchases have pushed Pepe Unchained (PEPU) past the $15 million mark in its presale.
— Pepe Unchained (@pepe_unchained) September 24, 2024Indeed, PEPU’s utility-driven nature is creating quite a buzz. It is not often that a new meme coin launches its own Layer-2 chain on Ethereum, designed for seamless meme coin trading.
Unlike other new ERC-20 meme coins, PEPU holders will see extremely low trading costs, instant transactions and high staking rewards. Experts are calling it the perfect formula for attracting heavy retail investment, something most new Ethereum meme coins struggle at.
It is therefore no surprise that prominent traders are bullish on Pepe Unchained, aiming for anywhere between 10x and 20x returns with it.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
