Dogwifhat Experiences a 7.5% Decline; WIF Price Drops to $1.63 in Market Sell-off
Dogwifhat, a Solana-based meme coin, has seen a significant downturn of 7.5% over the past day, resulting in its price plummeting to $1.63 amidst today’s broad market selloff. This decline adds to a larger trend, with WIF losing 31% over the past week and a staggering 46% over the last month. The coin currently stands at a 66% drop from its all-time high of $4.83 recorded in late March.
WIF Faces Potential Rebound Despite Recent Losses
Despite these substantial losses, there is optimism that WIF could stage a recovery, supported by a recent 4% uptick within the last hour. The coin’s recent price movements suggest it may have reached a potential bottom, as indicated by improvements in its relative strength index (RSI) and a notable increase in trading volume from $250 million to $500 million today.
AI Coin Raises $6.3 Million in Presale
As confidence in WIF wavers, attention is shifting to newer tokens. WienerAI, an AI-based chatbot token, recently concluded a successful presale, raising $6.3 million. This Ethereum-based cryptocurrency is gaining traction for its innovative features, including a generative AI chatbot designed to assist traders in making informed investment decisions. Additionally, WienerAI offers features like MEV protection and atomic swaps, enhancing its utility and appeal to investors seeking new opportunities in the market.
Conclusion
The current market conditions indicate a challenging period for WIF, yet opportunities for recovery and diversification persist amidst evolving investor sentiments and the introduction of innovative tokens like WienerAI.
The post Dogwifhat Heading to Zero? WIF Price Hits 3-Month Low as AI Coin Surpasses $6.3 Million appeared first on Cryptonews.
