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Cryptocurrency News Articles
Dogwifhat ($WIF) Investors Exodus Continues Despite Recent Gains
Sep 30, 2024 at 09:53 pm
Dogwifhat ($WIF) had a daily gain of 5.9%, hitting a new one-month peak of $2.56. Last Tuesday, $WIF flipped a crucial resistance level and rallied above the $1.95 support.
Investors are showing a preference for migrating from Dogwifhat to Bitgert. This shift in investor preference is driven by several factors, including the promising projects in the Bitgert ecosystem and the strategic campaigns undertaken by the respective teams.
As Dogwifhat investors continue to move their holdings to Bitgert, it creates a scenario where buying pressure on $BRISE is likely to increase. This could set the stage for a significant price rally for Bitgert in the coming days.
Here's a closer look at the recent performance of Dogwifhat and Bitgert:
Dogwifhat ($WIF) saw a daily gain of 5.9%, hitting a new one-month peak at $2.56. Last Tuesday, $WIF flipped a crucial resistance level and rallied above the $1.95 support.
Coinmarketcap data showed that Dogwifhat's market capitalization sat conveniently above $2 billion. But despite $WIF’s recent gains, the RSI signal suggests steady selling momentum. The signal indicates that $WIF might not sustain its upward trajectory and could see a sharp decline.
Data from holderscan.com also confirms the addition of only 2,300 new WIF holders last week, even with $WIF’s 49.8% pump during this period.
On the other hand, Bitgert, a leading Layer-1 solution, is renowned for its super-fast transactional speeds and near-zero gas fees. Bitgert's charm and user-friendly functionalities have propelled it to the top of the market.
To achieve lower block times and execute transactions faster than Ethereum and Solana, Bitgert employs the PoW consensus mechanism.
Another development that bolstered Bitgert's market visibility is its partnership with several project partners to enhance the digital experience for developers and users.
Recently, Bitgert unveiled its collaboration with Alterim AI—an AI companion on Telegram, Arbisoo—a contract-friendly exchange, and FlareSwap—a multi-chain trading platform.
News of an additional positive development within the Bitgert ecosystem has sparked more enthusiasm among investors.
They are optimistic that a project like Bitgert—one with solid fundamentals—will outshine Dogwifhat in the final three months.
Now trading at $0.000000089, Bitgert's $BRISE seems to be approaching a key resistance; analysts believe a breakout is possible before October.
Accumulate Bitgert before it sees consecutive big green candles in the anticipated Uptober rally.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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