WIF’s 18% drop: Identifying if the price bubble is popping now

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dogwifhat [WIF] posted one of the heaviest losses as the price plummeted by 18.12% in the last seven days. At press time, WIF exchanged

posted one of the heaviest losses as the price plummeted by 18.12% in the last seven days. At press time, WIF exchanged hands at $2.25, proof that it had erased a chunk of its gains despite hitting $3.50 one week ago.

Furthermore, many are looking away, and finding the next narrative or token that can deliver a mind-blowing uptrend within a short time. Considering the kind of volume WIF had at press time, it does not look like it is one of the options.using Santiment, WIF’s volume was down to 345.73 million. On the 15th of March, this same metric was 1.26 billion.

For those unaccustomed to the ins and outs of the market, social volume considers search terms and documents related to a cryptocurrency. Therefore, the decrease in the metric implied that the token had become

 

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