A popular crypto analyst, Credible Crypto, is eyeing a Solana-based memecoin called DogWifHat (WIF) as a potential long-term investment. However, they’re not diving in headfirst.
WIF: Attractive Levels, But Risky Business
Credible Crypto, with a huge following on X (formerly Twitter), suggests that WIF is nearing prices they consider attractive for buying and holding until the end of the current market cycle. Specifically, the $0.20-$0.50 range is mentioned as a sweet spot. The analyst believes the potential reward (a 10x increase to previous highs) outweighs the risk at these lower prices, unless the coin completely fails.
Solana’s Shadow
Despite the potential upside, Credible Crypto isn’t rushing in. They express concern over the current negative sentiment surrounding Solana and its memecoins, citing recent controversies. They plan to wait for more price action and a clearer accumulation pattern before making a move.
Current Prices and Disclaimer
At the time of writing, WIF is trading at $0.64, while Solana (SOL) is at $170. Remember, this is not financial advice. Always do your own research before investing in cryptocurrencies, as the market is inherently risky.
