Experts predict that Dogwifhat, a competitor of Shiba Inu, will reach $10 in short-term liquidation.

Cryptocurrency trader and analyst Unipcs (Bonk Guy) reiterated his bullish prediction for Dogwifhat (WIF). In making this statement, he revealed the amount of money shorts lost due to bearish sentiment on this meme token.

Unipcs mentioned in a post on X (formerly Twitter) that Dogwifhat "will rise to $10" and will never fall back to $1. He added that the market is currently in a meme coin supercycle, which is why he believes meme coins can reach such heights. The cryptocurrency trader also emphasized how shorts on WIF are "under severe pressure" and said that this is "how it should be".

In addition to Dogwifhat, Unipcs is generally optimistic about meme coins. He gained fame for his support of another meme coin based on Solana, Bonk, and held $16,000 in October 2023, which he still holds as of the last shared trading update. According to his update, his unrealized profit once rose to $13.7 million.

Unipcs' bullish sentiment towards meme tokens is not surprising, as these types of encrypted tokens are predicted to be one of the main narratives of this bull market. It is also worth noting that meme coins Dogwifhat and Pepe (PEPE) are currently the top-performing assets among the top 50 cryptocurrencies by market capitalization this year, with year-to-date (YTD) gains of over 1,800% and 1,000% respectively.

Unipcs is not the only one who believes that WIF could rise to $10. Another cryptocurrency trader named "Free" has also reiterated on different occasions that the meme coin will reach that price level. At the same time, cryptocurrency analyst Bluntz Capital is also very bullish on Dogwifhat, stating that the meme coin will replace PEPE and Shiba Inu (SHIB) as the second-largest meme coin by market capitalization, second only to Dogecoin (DOGE).

CrediBULL Crypto, a cryptocurrency analyst, recently revealed his bearish expectations for meme coins, including WIF. He foresees the "demise of memes," which could be worse than he initially imagined. He added that this situation would "catch many people off guard." He claims that when the time is right, he will become bullish on meme coins, but now is not the time.

CrediBULL Crypto also analyzed Dogwifhat in a recent video posted on its YouTube channel. He pointed out that WIF has experienced a significant pump, just as he correctly predicted in his previous market updates. At that time, he mentioned that he expected the meme coin to rise to $3.8 and then fall to $1.6.

However, in his recent video, he revealed that he would not short even if Dogwifhat reaches $3.8. Instead, he will wait for the meme coin to reach an undeveloped high point of around $4 to validate his bearish expectations.

According to the data, the trading price of Dogwifhat is about $3, and it has increased by more than 6% in the past 24 hours.

(Source: Scott Matherson)