Solana

Donald Trump

Reserve

As Solana (<a href="https://yellow.com/asset/sol">SOL</a>) surges <a href="https://yellow.com/news/analysts-predict-solana-could-reach-dollar210-as-it-touches-dollar180-signs-of-bullish-breakout-loom">$210</a>, the largest meme coin of the network Dogwifhat (<a href="https://yellow.com/asset/wif">WIF</a>) is <a href="https://coinmarketcap.com/community/articles/671fdba5ccbb77632d7b8f92/">expected to reach</a> the $3 mark, making it a promising prospect for crypto investors. 
The WIF token has been performing exceptionally well this year and analysts expect to continue to surge. While SOL is likely to rally in November, Solana based meme Dogwifhat will outperform it. 
On October 28, the WIF token was trading at $2.36, down 0.7% in the last 24 hours. The meme coin had lost 12.15% of its value in the last 7 days but it was up 5.55% in the last 30 days. At that time the 24 hours trading volume of Dogwifhat was $264 million while its market cap was $2.37 billion. 
As per present monthly tally, SOL has outperformed WIF with its 11% surge. 
Dogwifhat could see a disproportionate growth in the upcoming weeks as it has formed a bottom against SOL in its pairing, even though Solana is leading the market. 
Some crypto analysts are of the opinion that the divergence between RSI and price of WIF indicate an upcoming upward trend. Dogwifhat completed an ABC wave pattern against USF and hence it can rally towards $3.5. 
Other analysts predict WIF could surge towards the $3 mark as it is trading just below it, after recovering from its monthly support level. 
There are many emerging catalysts that suggest a wider crypto market growth in November like the US election on November 5 where pro-crypto market Donald Trump is the front runner. Two days after the US presidential elections, the next Federal Reserve meeting will be held with a possible interest rate cut on the cards. The September rate cut resulted in Bitcoin climbing to $69000 from $53000 as digital assets rallied. 
As per the CME’s FedWatch Tool there's a 95.5% probability of a rate cut on November 7. These two catalysts are enough to cause a price surge in the crypto market and Dogwifhat is likely to rally to $3-3.3 level 
This could also affect smaller meme coins like Flockerz (FLOCK), which is at present up for presale. The country has raised $1.1 million so far. 
At present, October 29 evening, <a href="https://coinmarketcap.com/currencies/dogwifhat/">Dogwifhat is trading</a> at $2.65 with nearly a 15% gain in the last 24 hours while <a href="https://coinmarketcap.com/currencies/solana/">SOL has surged</a> 3.45% to trade at $181.

Dogwifhat Could Outperform Solana in November As It Eyes the $3 Mark

Yellow News

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