Is DogWifHat Token Doomed? WIF Plunges Below $2 As Tiny $0.00072 Rival Steals Spotlight

Popular Solana meme coin DogWifHat ($WIF) is recovering today after plunging below the crucial $2 psychological support level yesterday.

The token bottomed at $1.93 yesterday evening UTC before rising to its current level of $2.04. Today’s price reflects a 24-hour depreciation of 3.6%, and a seven-day drop of around 22.6%.

Of the five largest canine-themed meme coins, DogWifHat was the only one to post overnight losses. By contrast, market leader and original meme coin Dogecoin ($DOGE) grew 3% over the last 24 hours, but fell 11% over the last seven days.

The other popular dog coins— Shiba Inu ($SHIB) , Bonk ($BONK), and Floki ($FLOKI)—all rose in tandem with Dogecoin overnight, although all of them posted heavier seven-day losses than the OG meme coin DOGE.

Floki crashed hardest, falling a staggering 29% over the week to hit $0.0001718 as of this writing.

Crypto market leader Bitcoin ($BTC) , which generally sets the tone for the rest of the market, remains at roughly the same price it was 24 hours ago: $65,314. This represents a 3.4% fall over the week.

DogWifHat is currently underperforming relative to its trajectory over the last three months.

On the chart, we can see that its current price represents a sustained fall below its crucial support level of $2.20 (green line). The token briefly broke above the key $3.50 resistance level (red line) to hit $4 on May 29, but since then it has spiralled down 49%.

Source: TradingView

Crypto Investors Ignore DogWifHat Dip to Lap Up AI Trading Bot Meme Coin WienerAI

The generally poor performance of shiba inu-themed meme coins this week highlights the volatility problem across the sector. Meme coins are the most speculative side of an already highly speculative industry. For them to stand a chance of making it, alongside Bitcoin and Ethereum, towards global adoption, they need to have solid fundamentals.

Accordingly, a new generation of coins like ScottytheAI and WienerAI are doing what no other meme projects are doing right now: integrating artificial intelligence to make their holders’ lives easier.

On the surface, WienerAI looks like another dog-themed meme coin, but it’s much more than that.

It’s a next-generation crypto project that utilizes viral marketing strategies in order to bring crypto fans a high-value proposition: the most advanced beginner-friendly AI trading bot in crypto.

The presale is beginning its third month and it has already taken a tidy $6 million in investments.

Touted as a “Revolutionary AI Trading partner”, WienerAI ($WAI) is a digital companion that gives its owners user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.

Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract .

Around 20% of $WAI’s supply is for staking.

WienerAI’s website offers buyers the ability to stake during the presale, in order to take advantage of the mouth-watering yield, which is currently 190% APY .

Altogether, this makes $WAI a far more inherently valuable meme coin than DogWifHat.

The token currently sells at a fixed presale price of $0.00072 over on the website. Interested investors have a little over 2 days to buy in before it rises to the next fixed price. When the presale ends, the sky’s the limit on potential appreciation.

Keep on top of WienerAI news over on X and Telegram .

Join the presale now over on the WienerAI website

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