Dogwifhat (WIF) has experienced a dramatic decline this year as meme coins as a whole have been battered by the Federal Reserve’s decision to hit the pause button when it comes to interest rate cuts.
Since 2025 started, WIF has accumulated a 64.6% drop and now its market capitalization stands below $1 billion.
What was once one of the most promising tokens in the space has now become one of its laggards despite the community’s efforts to raise awareness about the token.
However, this weakness is not confined to WIF solely, as the majority of assets within the meme coin space are down heavily this year. According to data from CoinMarketCap, the aggregated value of the 100 largest tokens in this category has dropped by 29.7% in the past 30 days.
Recently, WIF’s official X account updated the community about its ongoing efforts to display the WIF logo in the Las Vegas sphere. They said that a group of interested parties has engaged in negotiations with a top brand to pull this marketing stunt.
The Wif Sphere organizers have been in ongoing negotiations with various parties to collaborate on the Sphere ad placement. Since the Wif team is not a corporate entity, the organizers are collaborating WITH an established brand to execute this advertisement. Timeline has been…
— dogwifcoin (@dogwifcoin) January 31, 2025
Although the market initially showed some excitement about the news, this announcement was not enough to reverse the token’s downtrend.
WIF Breaks Below $1 and Keeps Dipping
In the past 24 hours, the token has dropped by 5.2%, one of the worst performers of the day. Meanwhile, trading volumes are up 35.7% as well and currently account for a bit over 50% of the token’s market cap.
From a technical standpoint, the heavy downtrend that started back in December has pushed the price of WIF to drop below the $1 level for the first time in 7 months. This is an indication of severe selling pressure that could spell trouble for WIF’s long-term prospects and this level has now turned into resistance.
Currently, WIF has entered oversold levels in the Relative Strength Index (RSI). As a result, the token could recover briefly, but momentum continues to be on the negative end in the daily chart, meaning that the price could keep dropping in the next few weeks.
A move above the signal line in the RSI, along with a steady decline in the MACD’s negative reading, would provide a strong buy signal that could push WIF to the $1 level shortly.
However, overcoming this resistance would demand a major positive catalyst like a definitive agreement to display WIF’s logo in the Las Vegas landmark venue or positive developments on the regulatory or legislative front that positively impact meme coins specifically.
While WIF’s downside potential is still quite ample, this year’s upcoming crypto presales like MIND of Pepe ($MIND) could offer significant upside to early buyers.
MIND of Pepe Raises $5.6M to Launch a Powerful AI Agent
Since its presale event kicked off in mid-January, MIND of Pepe ($MIND) has raised $5.6 million from investors to deploy a powerful AI agent that could become the next aixbt.
MIND of Pepe is designed to build a robust presence across multiple social media networks like X by interacting with influential characters and discussing topics related to the meme coin space.
The agent will learn from these interactions and identify relevant and potentially profitable social trends that $MIND holders can monetize. These insights will be shared exclusively with the MIND of Pepe community and could result in huge gains.
In addition, MIND of Pepe will ultimately deploy meme coins that capture the public’s interest and $MIND investors will get front-row seats during the private sales events of these digital assets to position themselves favorably to reap the highest returns.
At its discounted price of $0.0032924, $MIND could become one of the best-performing new ICO cryptos of 2025.
To buy $MIND, head to the MIND of Pepe website. Either convert your USDT, ETH, or BNB tokens or use a bank card to complete the purchase.
