Analyst Sito highlighted the similarities between Dogwifhat's (WIF) listing on Coinbase and Shiba Inu's (SHIB) historic rally after its debut on the same platform, sparking discussions about WIF's potential growth.
Market Cap Comparisons and Historical Gains
Sito's comparison reveals that Shiba Inu (SHIB) had a market cap of approximately $2.8 billion before its listing on Coinbase, later surging 1,800%, exceeding $50 billion. WIF's current market cap is around $3 billion, positioning it similarly to SHIB's initial market value.
42-Day Rally Speculation for WIF
Sito's analysis centers on a speculative 42-day rally period for WIF, paralleling SHIB's past growth pattern. The chart accompanying the analysis highlights a 42-day timeframe, marked by a pink rectangular zone, illustrating the historical path SHIB took after its Coinbase listing. If WIF follows a similar path, the target date for this potential peak would align with December 25, 2024.
Beginning of a New Cycle for WIF
Unlike SHIB, which rallied towards the end of a market cycle, WIF's listing could mark the beginning of a new cycle. This positioning may provide WIF with the opportunity for more organic and sustainable growth, potentially allowing for a more extended rally beyond the projected timeframe.
Thus, Dogwifhat (WIF) may follow Shiba Inu's success, although this remains speculative, depending on various market environment variables.
