Why is Dogwifhat Crashing? WIF Price Tanks 48% as Investors Flock to New AI Meme Coin
Why is Dogwifhat Crashing? WIF Tag Tanks forty eight% as Investors Flock to Recent AI Meme Coin
Within the wake of a Forty five% pullback from its March highs, investors are asking why the dogwifhat (WIF) observe is crashing, with some investors flocking to a fun new AI meme coin Wiener AI (WAI).
The WIF observe used to be final around $2.68, down sharply from its March account highs around $4.86.
The WIF chart means that further losses are doable. It’s on the moment shopping and selling underneath its 21 and 50DMAs, suggesting that bears are in market control.
And if it breaks its fresh upward pattern channel, a like a flash tumble support to $2.0 is seemingly.
The WIF observe has crashed from its account highs amid a broader consolidation phase in crypto.
Bitcoin has been stuck within the $60,000s since hitting account highs cessation to $74,000 in March.
Many other altcoins and meme cash have seen noteworthy sharper retracements.
WIF also can blueprint an excellent comeback. With a market cap of around $2.7 billion, features of more than 5-10x this bull market are no longer in point of fact, on the opposite hand.
It’s no shock that investors are flocking to replacement meme cash with larger upside capability.
One new AI meme coin that analysts at Cryptonews are searching at is Wiener AI (WAI).
At this time accessible in presale, the brand new AI meme coin WAI is also regarded as one of 2024’s only picks. Right here’s why.
Right here’s Why Investors Are Flocking to Recent AI Meme Coin Wiener AI
The meme coin market is over-saturated with Shiba Inu-themed cash boasting runt to no trusty utility.
That possibly explains why Wiener AI’s presale has attracted such strong ask.
The sausage dog-themed coin offers a series of AI-powered shopping and selling instruments and has already raised over $2 million in its presale.
🌭🤖2 MILLION WIENERS!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
— WienerAI (@WienerDogAI) Might possibly 17, 2024
WAI is no longer only a meme coin with AI capabilities nonetheless also a doable passive profits gem.
20% of the availability has been dispensed to staking rewards, and investors are on the moment earning a huge 415% APY, as per the mission’s legit websites.
At this rate, investors can double their initial presale investment in appropriate a couple of months.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) Might possibly 9, 2024
Crypto experts had been lining as much as affix the Sausage navy. Right here’s why broadly followed crypto analyst Michael Wrubel, who boasts over 312,000 YouTube subscribers, ranks WAI as a top crypto for 2024.
Fellow analysts ClayBro, Crypto Mischief, and Oscar Ramos also attach a question to the brand new AI meme coin to be triumphant.
Fervent investors have to pass rapidly, because the WAI observe will upward thrust when the presale hits $2.7 million.
At the fresh observe of $0.000709, WAI’s market cap is underneath $50 million.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) Might possibly 9, 2024
If it achieves market management, early investors stand to merit a good deal, with a doable for 100x features or more.
Buy Wiener AI Right here
Disclaimer: Crypto is a high-threat asset class. This text is outfitted for informational applications and would no longer yelp investment advice. It’s good to per chance per chance also lose your entire capital.
Source : cryptonews.com
