Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Economist Henrik Zeberg Says dogwifhat (WIF) Setting Up for ‘Monster’ Move – Here’s His Price Target

Economist Henrik Zeberg Says dogwifhat (WIF) Setting Up for ‘Monster’ Move – Here’s His Price Target

Daily HodlDaily Hodl2024/11/26 16:00
By:by Daily Hodl Staff

A closely followed economist believes one popular Solana ( SOL )-based memecoin may soon have an explosive breakout.

Henrik Zeberg tells his 166,100 followers on the social media platform X that dogwifhat ( WIF ) may increase in the near-term by more than 337% from its current value.

The analyst uses the Elliott Wave Theory to forecast a massive run for WIF. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up.

“Now get ready for the even bigger move. WIF seems to have concluded wave two and is now setting up for monster move. Next level in few weeks time around $12-$13!”

Economist Henrik Zeberg Says dogwifhat (WIF) Setting Up for ‘Monster’ Move – Here’s His Price Target image 0 Source: Henrik Zeberg/X

In September, the analyst said WIF may soar to as high as $79.26 this cycle after breaking out of a key level. According to Elliott Wave principles, an ABCDE triangle indicates consolidation in an uptrend market could spark a strong rally once it is completed.

“WIF: are you onboard? It is breaking out of long ABCDE-consolidation. The potential is amazing.”

Economist Henrik Zeberg Says dogwifhat (WIF) Setting Up for ‘Monster’ Move – Here’s His Price Target image 1 Source: Henrik Zeberg/X

WIF is trading for $2.97 at time of writing, down 11.1% in the last 24 hours. The memecoin has a market cap of $2.9 billion, making it the 52nd largest crypto project.

Next up, the analyst says that the current crypto bull market may fizzle out earlier than many are projecting.

“I told you to relax and take it easy! Now enjoy! Steer clear of the ‘analysts’ who believe in multi-year run. It is a bubble, and it will run for limited amount of time, and then crash!”

He is also predicting a more than 171% growth in the entire crypto market cap.

“New all-time high for crypto market capitalization! Ready for a $9 trillion crypto market?”

Economist Henrik Zeberg Says dogwifhat (WIF) Setting Up for ‘Monster’ Move – Here’s His Price Target image 2 Source: Henrik Zeberg/X Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!