Dogwifhat (WIF), which marked the Altcoin market in recent years, has lost more than 85 %of the summit price. However, the value of over 1000 %in February of the previous month excites new investment opportunities. Can the past guide us? Is this a purchase opportunity for WIF or has he lost his popularity?
The fall of WIF and the uncertainty in the market have removed investors
Dogwifhat (WIF) achieved a four -digit rise from the bottom level in mid -February last year, reaching the highest level of all time at the end of the first quarter of the year. However, it is unclear whether the WIF can make a similar rally again.
While many breast coins suffered great losses in the post -election period, WIF could not escape this decline. However, unlike its competitors, the recovery of WIF still seems far away. The summit point has decreased by 86 %of $ 4.83.
Although the current market structure points to the strategy of “fall” strategy, it is a matter of curiosity whether investors will evaluate this opportunity or whether trust is completely lost.
Does the breaking point in WIF price approach?
WIF is one of the most valuable subcoin projects in the market for a long time. It decreased to 56 %monthly, 15 %per week and 7 %per day to 0.62 dollars and reached the lowest level of the last 11 months.
This decrease cycle was very destructive for WIF. But if the market conditions improve, is it possible to recover?
Last year, the WIF had reached $ 4.85, caught by a 1,800 %rise in mid -February. This rise coincided with the general market recovery, and strong capital inflows were observed in the WIF/BTC parity.
However, there is currently more than 11 million cryptors on the market, and breast coin competition is more tough than ever. Moreover, macroeconomic uncertainties reduce risk appetite and remove investors from risky assets.
In the last 30 days, the total market value of breast coins decreased by 42 %. In this environment, it is unclear whether investors are eager to make “buying from the bottom .. The transaction volume confirms this decrease – the transaction volume, which is $ 3.46 billion at the summit, has currently declined to only 270 million dollars.
What’s in the current Altcoin market for WIF?
Interestingly, not only the WIF, but other breast coins experienced harsh decreases from FOMO -based summits. So this is not only a WIF -specific collapse, but a breast coin melting that affects the entire market.
With the recovery of the market, Dogwifhat may also be expected to recover. However, there is still a long way for a permanent rise. So why?
- Great investors (whales) have sold millions of WIF since November.
- The wallets, which hold 100 thousand – 1 million WIF, disposed of 13 %of their assets and reduced the total supply to 195.74 million.
WIF Price Estimation: Can it exceed $ 1? Or will it fall for $ 0.20?
With FOMO’s decrease and the decline in whale support, WIF will not be easy for it to exceed $ 1. If the market does not change direction, the WIF may fall further than analysts and may decrease to $ 0.20.
