Dogwifhat Price Drops 45%, Investors Flock To New AI Meme Coin

Last updated: May 20, 2024 12:38 pm EDT | 2 minute read

Why does Dogwifhat crash? WIF Price Plunges 45% as Investors Flock to New AI Meme Coin / Source: Cryptonews

On the heels of a 45% pullback from March highs, investors are wondering why the dogwifhat (WIF) price is plummeting, with some investors flocking to a fun new AI meme coin Wiener AI (WAI).

THE WIFE The price was last around $2.68, down sharply from March’s record highs around $4.86.

THE WIFE The chart suggests that further losses are possible. It is currently trading below its 21 and 50 DMA, suggesting that bears are in control of the market.

And if it breaks the current uptrend channel, a rapid decline to $2.0 is likely.

As dogwifhat (WIF) threatens a near-term price decline, investors are evaluating an exciting new AI meme coin that could be the next big thing. Source: TradingView

The price of WIF has fallen from its all-time highs amid a broader consolidation phase in the cryptocurrency industry.

Bitcoin it has remained stuck around $60,000 since reaching an all-time high near $74,000 in March.

Many others altcoins AND meme coins they have seen much sharper retracements.

WIF could make a strong comeback. However, with a market cap of around $2.7 billion, gains greater than 5-10x this bull market are unlikely.

It’s no wonder that investors are turning to alternative meme coins with greater upside potential.

One new AI meme 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 best picks of 2024. Here’s why.

That’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 boast little to no real utility.

This probably explains why Wiener AI the pre-sale attracted such strong demand.

The sausage dog themed coin offers a suite of AI-powered trading tools and has already raised over $2 million in pre-sales.

WAI is not only a meme coin with artificial intelligence capabilities, but also a potential jewel of passive income.

20% of the offering has been allocated to staking rewards and investors are currently earning a massive 415% APY, according to the project’s plans Official site.

At this rate, investors can double their initial pre-sale investment in just a few months.

Cryptography experts have lined up to join the Sausage army. That’s why widely followed cryptocurrency analyst Michael Wrubel, who boasts over 312,000 YouTube subscribers, ranks WAI as one of the best cryptocurrencies for 2024.

Fellow analysts ClayBro, Curse of cryptocurrenciesAND Oscar Ramos also expect the new AI meme coin to be successful.

Interested investors need to move quickly, as the price of WAI will increase when the pre-sale reaches $2.7 million.

At the current price of $0.000709, WAI’s market capitalization is less than $50 million.

If it achieves market leadership, early investors could benefit greatly, with earnings potential of 100x or more.

Buy Wiener AI here

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

Fuente