Dogwifhat (WIF) Surges 16% Following Las Vegas Sphere Project Tease
Dogwifhat (WIF) surged 16% to $1.37, becoming a top-performing cryptocurrency as other memecoins declined. The token recovered from a dip below $1 after its team teased a project involving the Las Vegas Sphere.
Las Vegas Sphere Project
- The official Dogwifhat X account shared an image featuring its mascot with the Las Vegas Sphere as a hat.
- The image included an old Nokia phone displaying “01.2025.”
- The community raised $700,000 for advertising on the Sphere but faced delays and concerns about the project's viability.
- Some community members labeled the initiative a scam, despite reassurances from organizers.
Market Analysis
- Analyst Altcoin Sherpa suggested WIF's recent surge may not be sustainable.
- If WIF consolidates above $1.23, it could experience further gains.
- Trader Bluntz indicated current levels might represent WIF’s bottom, observing signs of potential recovery.
- A falling wedge pattern on WIF’s chart targets $1.90 if it breaks above $1.40.
- As of now, WIF trades at $1.21, reflecting a 14.4% increase in the daily timeframe.