Could your investment in Pepe and Dogwifhat (WIF) yield 10x profits by the end of March? Here’s what to expect:
In recent days, the meme coin sector has experienced a significant upswing, influenced by Bitcoin’s surge as it reaches new all-time highs on a weekly basis. As market sentiment turns more optimistic, there has been a noticeable increase in interest in meme coins such as Pepe and dogwifhat, which have made significant gains, suggesting a 10x gain is likely by the end of the month. Nonetheless, investors should note that this upward trend may include some market corrections.
Can Pepe and WIF prices deliver 10x profits?
Pepe Coin and Bitcoin continue to hit new highs, outperforming Ethereum. Pepe Coin has surged 60% in the past week and 800% in the past month, with Bitcoin and Pepe Coin reaching all-time highs of $73,809 and $0.00001084, respectively.
This growth trend continues to dominate the cryptocurrency trend charts. Additionally, Elon Musk’s promotion of X on PEPE has generated significant interest, especially among meme coin traders. Following Musk’s tweet, the price of PEPE surged more than 15% in 24 hours, driven by increased trading volume.
On the other hand, dogwifhat continues its upward trajectory without any significant bullish news for the meme coin. A significant marketing effort was planned to feature dogwifhat at the Las Vegas Sphere throughout the week, garnering significant attention.
Traders are currently rallying for another round of action in the sector after the Dogwifhat (WIF) community successfully raised over $650,000 in funding. The WIF price recorded a gain of nearly 1000% in just one month, or a 10x return on its investment, meaning that along with Pepe Coin, there is a good chance of a further 10x gain by the end of March.
Pepe price analysis
Bulls continued to push and hold Pepe price above the $0.000009 resistance and continued to apply buying pressure to send the price towards $0.000011. However, bears strongly defend against a surge near that level, creating a price correction. At the time of writing, Pepe is trading at $0.00000998, a surge of over 10.1% from yesterday’s exchange rate.
An upward trend in the 20-day EMA along with a positive RSI indicates that the market is more likely to move higher. If buyers can keep the Pepe price above $0.00001, it could skyrocket to $0.000012 and above. This price could again become a challenge, but overcoming it could push the PEPE/USDT pair towards new highs. Conversely, for the bears to regain control, they would need to pull the price below $0.0000085.
dogwifhat (WIF) Price Analysis
The bearish activity was aimed at driving WIF price down to the $3 level, but intraday trading showed a strong tendency of buyers to take advantage of lower prices, as seen by the significantly lower shadow of the candle bars. This caused the price of WIF to rise to $3.5, achieving a notable increase of more than 25% compared to the previous day’s valuation.
Investors are now aiming to break the $3.5 resistance level. This is a move that could potentially start a bullish trend for the WIF/USDT pair and head towards new highs.
However, caution is warranted due to the overbought conditions indicated by the Relative Strength Index (RSI), which suggests that the market could undergo a slight correction or at least stabilize somewhat.