Why WIF’s 19% hike might outshine SHIB, Dogecoin in the short term

Meme coins such as dogwifhat [WIF], Shiba Inu [SHIB], and Dogecoin [DOGE] in the recent past have created buzz

WIF, one of the newest entrants in the meme coin ecosystem, entered the market with a storm. It swiftly climbed up the ladder and surpassed PEPE in terms of market capitalization.

At the time of writing, WIF was trading at $3.67 with a market cap of over $3.66 billion. But things can again turn in investors’ favor, as suggested by a few metrics. However, its Chaikin Money Flow took the other route and went upwards, hinting at a price uptick. In order for WIF to initiate a bull rally, its price might go above its 20-day SMA.While WIF’s weekly chart was green, the case with SHIB and DOGE was different. Both meme coins registered double-digit declines in the last seven days., Shiba Inu and Dogecoin’s values dropped by over 3% and 5%, respectively, in the last 24 hours. At press time, SHIB was trading at $0.

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