The cryptocurrencies PEPE and Dogwifhat (WIF) show significant price swings as the market evolves. Experts predict potential bull movements for both tokens by the end of the weekend, but investors will need to consider the volatility.
Let’s see all the details below.
Pepe (PEPE) on the rise and Dogwifhat (WIF) ready to take off
In recent days, Bitcoin has fluctuated between $60,000 and $63,000, creating an unstable environment for many altcoins, including PEPE and Dogwifhat (WIF).
These two meme tokens are capturing the attention of investors due to their recent price movements and the bull forecasts for the weekend.
But what do analysts and technical platforms say about the growth prospects of Pepe and Dogwifhat in the coming days?
Pepe, a popular meme token, has recently experienced significant fluctuations in the market. Currently traded at approximately $0.000009364, Pepe has recorded a 4% drop in the last few hours, but has maintained a 9% growth in the past week.
The performance of Pepe is closely linked to that of Bitcoin, which has seen a decline due to recent geopolitical changes. However, technical forecasts indicate a possible bull for the token in the short term.
According to the analyses of CoinCodex, Pepe could see a 20% increase by October 6, 2024, bringing the price to $0.00001122. This increase could represent an opportunity for investors looking to capitalize on market swings.
Looking further into the future, the forecasts for the end of October are even more optimistic. Experts estimate that Pepe could rise by 220%, reaching a new all-time high (ATH) of $0.00003058.
This strong increase could be driven by a combination of factors, including an improvement in market sentiment and a rise in investor interest in meme tokens.
The forecasts of CoinCodex
An in-depth analysis by CoinCodex reports the following:
“According to our current Pepe price forecast, an increase of 229.53% is expected, with the token potentially reaching $0.00003058 by November 1, 2024. Currently, the sentiment is neutral, and the Fear & Greed index shows a score of 42 (fear). Pepe recorded 19 green days out of 30, with a volatility of 16.15% over the last 30 days. Therefore, it seems to be a good time to buy Pepe.”
This bull perspective could push many investors to take positions on Pepe in the coming weeks, in anticipation of a sustained rally towards new highs.
Dogwifhat (WIF) is another meme token that is gaining popularity thanks to its recent performance.
Currently traded at approximately $2.18, WIF has experienced a decline of 8% in the last few hours, following the bear trend of Bitcoin. However, experts see great growth potential for the token in the short term.
According to CoinCodex, WIF could register an increase of 12% by October 6, 2024, bringing the price to $2.48.
This rise would represent a positive return for short-term investors, especially considering the volatility of the cryptocurrency market.
In any case, it is at the end of the month of October that WIF could really take off. Analysts predict a 200% increase, with the token potentially reaching a new high of $7.
This remarkable price increase would make WIF one of the most performing meme tokens in the market, attracting the attention of an ever-growing number of investors.
The forecasts of CoinCodex for Dogwifhat state:
“According to our current Dogwifhat price forecast, the token could increase by 226.65%, reaching $7.23 by November 2, 2024. Currently, the sentiment is bull, with the Fear & Greed index showing 37 (fear). Dogwifhat recorded 18 green days out of 30, with a volatility of 18.04% over the last 30 days. It seems like a good time to buy WIF, given the strong growth potential.”
Opportunities for Investors
In other words, meme cryptocurrencies like Pepe and Dogwifhat present earning opportunities for investors willing to navigate through their high volatility.
Although prices are influenced by Bitcoin fluctuations and global geopolitical dynamics, technical signals suggest that both tokens could experience significant growth in the short term.
Investors who wish to take advantage of these opportunities should keep an eye on market developments during the weekend and beyond.
The forecasts suggest that both Pepe and Dogwifhat could see significant price increases by the end of the month, with possible new all-time highs.
