Dogwifhat (WIF) Eyes 1,800% Price Rally Post-Coinbase Listing: Could the Meme Coin Follow SHIB’s Path?
In a tweet, analyst Sito drew attention to the similarities between Dogwifhat’s (WIF) listing on Coinbase and Shiba Inu’s (SHIB) historic rally after its Coinbase debut. SHIB’s market cap saw a 1,800% increase over 42 days following its listing.
Sito’s analysis suggests that, if WIF follows a similar trajectory, the token could potentially reach $52 by December 25, 2024. This outlook raises intriguing possibilities, especially with WIF positioned at what Sito describes as the beginning of a growth cycle.
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Market Cap Comparisons and Historical Gains
Sito’s comparison indicates that SHIB had a market cap of approximately $2.8 billion before its listing on Coinbase, later surging 1,800% to a market cap exceeding $50 billion. WIF’s current market cap is around $3 billion, positioning it similarly to SHIB’s initial market value.
The chart by Sito underscores this potential trajectory, suggesting that WIF could also see substantial gains in the coming weeks if it mirrors SHIB’s historic performance.
Read also: XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?
42-Day Rally Speculation for WIF
Sito’s tweet and analysis center on a speculative 42-day rally period for WIF, paralleling SHIB’s past growth pattern. The chart accompanying the analysis highlights a 42-day timeframe, marked by a pink rectangular zone, illustrating the historical path SHIB took after its Coinbase listing.
If WIF follows a similar path, the target date for this potential peak would align with December 25, 2024. However, this projection remains speculative, and market conditions could impact this anticipated growth differently.
Unlike SHIB, which rallied towards the end of a market cycle, WIF’s listing could mark the beginning of a new cycle, Sito notes. This positioning may provide WIF with the opportunity for more organic and sustainable growth, potentially allowing for a more extended rally beyond the projected timeframe.
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