Memecoins
Dogwifhat Price Soars 45%, Investors Flock to New Coin AI Meme
Last updated: May 20, 2024 at 12:38 p.m. EDT | 2 minutes of reading
Following a 45% pullback from its March highs, investors are wondering why the price of dogwifhat (WIF) is collapsing, with some investors flocking to a fun new AI coin, Wiener AI (WAI ).
THE Wireless the price was last around $2.68, down sharply from its March high around $4.86.
THE Wireless The chart suggests that further losses are possible. It is currently trading below its 21 and 50DMA, suggesting that the bears are in control of the market.
And if it breaks its current uptrend channel, a quick return to $2.0 is likely.
WIF price has crashed from its all-time highs amid a broader crypto consolidation phase.
Bitcoin has been stuck in the $60,000 range since hitting an all-time high near $74,000 in March.
Many others altcoins And coins experienced much more marked retracements.
The WIF could make a comeback. With a market cap of around $2.7 billion, however, gains greater than 5 to 10 times this bull market are unlikely.
It’s no wonder investors are flocking to even alternative coins offering greater upside potential.
A new AI coin that Cryptonews analysts are looking at is Vienna AI (WAI).
Currently available for pre-sale, the new AI WAI meme coin could be one of the top picks of 2024. Here’s why.
Here’s why investors are flocking to the new AI Meme Coin Wiener AI
The meme coin market is oversaturated with Shiba Inu themed coins that have little to no real use.
This probably explains why Wiener AI the pre-sale attracted such high demand.
The sausage dog themed piece offers a series of AI-powered trading tools and has already raised more than $2 million during its pre-sale.
🌭🤖2 MILLION SAUSAGES!!!!🌭🤖
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq
– WienerAI (@WienerDogAI) May 17, 2024
WAI is not only a coin with AI capabilities, but also a potential passive income gem.
20% of the supply has been allocated to staking rewards, and investors are currently earning a whopping 415% APY, according to the project. official site.
At this rate, investors can double their initial pre-sale investment in just a few months.
How to stake your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
– WienerAI (@WienerDogAI) May 9, 2024
Cryptography experts are lining up to join the sausage army. Here’s why widely followed crypto analyst Michael Wrubel, who has over 312,000 YouTube subscribers, ranks WAI as a top crypto for 2024.
Dear analysts ClayBro, Cryptographic mischiefAnd Oscar Ramos Also expect the new AI meme coin to be successful.
Interested investors should act quickly, as the price of WAI will increase when the presale reaches $2.7 million.
At the current price of $0.000709, WAI’s market cap is less than $50 million.
How to stake your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
– WienerAI (@WienerDogAI) May 9, 2024
If it achieves market leadership, early investors will benefit greatly, with the potential for gains of 100x or more.
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.