Currently, WIF (also known as Dogwifhat) on Binance is considered a high-risk and volatile coin, with technical analysis indicating that it is stabilizing near a strong support level around $2.5. According to recent trend analysis, this coin is expected to have a short-term upward movement, with the possibility of reaching $3 if it continues to receive support from buyers and direct liquidity towards it.
Here is a list of the most anticipated meme coins to rise in value in November 2024, ranked by highest growth expectations:
1. WIF: Expected to see a rise of up to 252%, it is built on the Solana network, which allows it to have high trading speed and strong community support, making it a strong competitor to coins like Dogecoin and Shiba Inu.
2. PEPE: A popular meme coin that is expected to grow by 247% this month, as it relies mainly on the interaction of online communities.
3. DOGEN: Expected to rise up to 700% during the pre-sale, mainly based on community engagement and strong social media support.
4. FLOKI: It may record a rise of up to 50%. It is one of the coins that is popular among users thanks to its symbolism as a meme coin, but it is subject to fluctuations according to market trends.
5. Shiba Inu (SHIB): It could see a 10%-20% increase, as it relies on a strong community of supporters, making it a popular choice in the meme coin market.
6. Akita Inu (AKITA): A meme coin inspired by Dogecoin and Shiba Inu, it may see moderate increases driven by community support, but remains vulnerable to sudden declines.
Remember that meme coins are generally high risk, as their value can quickly decline if community support wanes or new meme coins emerge that gain traction.
During the coming days of November, the coin could see significant volatility, showing a decrease of around 2.3% over 24 hours, while over 7 days there was a decrease of around 6.2%. Despite these volatility, some analysts believe that the price could reach higher levels as the overall market continues its upward trend and demand for high-risk meme coins recovers.
Therefore, if you are considering short-term investment, it may be better to wait for a strong signal to enter the market and sell at a resistance level near $3, while being careful of rapid changes that may affect the price unexpectedly.
