Bonk Guy, a crypto trader and analyst called Unipcs, has said again that he is positive about Dogwifhat (WIF). In a recent release, he talked about how short traders have lost many of their funds because they were negative about the meme coin.
Unipcs said in a post on X (formerly Twitter) that Dogwifhat is “headed to $10” and will never fall below $1 again. He said he was sure of this because of the current “meme coin supercycle,” which means that the coin could reach these highs. Unipcs said that WIF shorts are “getting squeezed hard,” which is “the way it should be.”
In general, Unipcs is bullish on meme coins. He got a lot of attention when, in October 2023, he invested $16,000 in Bonk, another Solana-based meme coin he still holds. At one point, the unrealized return on his investment was said to have reached $13.7 million.
Unipcs Meme Coin Enthusiasm
People are optimistic about meme coins like Dogwifhat and Pepe (PEPE), backed up by their strong performance. With gains of over 1,800% and 1,000% this year, these two cryptocurrencies are the best-performing ones in the top 50 by market cap.
It’s not just Unipcs who thinks Dogwifhat will be great. Another trader, who goes by the name “Free,” has always said that WIF will hit $10. Bluntz Capital, a crypto expert, has a lot of faith in Dogwifhat and thinks it could pass PEPE and Shiba Inu (SHIB) to become the second-largest meme coin by market cap after Dogecoin (DOGE).
On the other hand, crypto expert CrediBULL Crypto thinks that meme coins like WIF will decrease in value. He thinks there will be a “meme wipeout” that will surprise many investors. He wants to become a meme coin bull someday but is skeptical that now is the right time.
In a recent YouTube video, CrediBULL Crypto discussed Dogwifhat’s significant price change, which he had already predicted. He said the coin would go up to $3.8 and then down to $1.6. He said he would not short WIF even if it hit $3.8. Instead, he would wait until it hit the $4 range to confirm his bearish view.
CoinMarketCap data shows that Dogwifhat is trading around $3 right now, up more than 6% in the last 24 hours.
