Dogwifhat (WIF) Dogwifhat is a meme token of a dog with a hat, operating on the Solana blockchain. Over the past week the crypto noted a strong downturn eroding nearly 35% of its value.
The weakness in the broader market added more to the worse thus declaring WIF token as the most underperforming coin of the week. It ranks 48th in the cryptoverse with a live market capitalization of $1.70 Billion.
Moreover, the recent fall has dragged WIF towards the demand of $1.5 level. Now, WIF price may take a bounce back if it gets the support of buyers from the demand. Whereas, if the selling pressure resumes, it could drag the price towards the lower support zones.