Dogwifhat (WIF), one of the top altcoins in our list, shows great growth potential in the recovery market environment. On October 6, WIF price successfully achieved a clear breakout from the resistance trendline of the 6-month correction trendline.
The strong rebound triggered by this breakout caused the asset price to surge by 14.7%, trading at $2.64, and its market value was also strongly pushed up to $2.67 billion. In addition, according to third-party data, WIF's OI (Open Interest) weighted funding rate has soared to 0.0063%.
The positive funding rate shows that investors are confident in Dogwifhat's growth prospects. In the complex ecology of the cryptocurrency market, investors are willing to pay a premium for holding long contracts, which shows that they are optimistic about the future trend of WIF and expect its price to continue to rise, thereby bringing them rich returns. This market behavior also reflects investors' recognition of WIF's value in the current market environment and their positive expectations for its future development potential.
