Elon Musk was suspected of pumping the dogwifhat cryptocurrency exchange rate
Billionaire Elon Musk was suspected of pumping the dogwifhat (WIF) cryptocurrency exchange rate based on the meme about the dog in the hat.
On March 17, at 20:42 Moscow time, Musk posted a picture showing dogs in hats. Thus, Elon congratulated everyone on St. Patrick's Day, which was celebrated on Sunday.
At 20:50, the price of dogwifhat began to rise sharply and increased by 15% in four hours. Given the time of the bullish trend, it can be assumed that coins began to be bought thanks to Musk's message. Previously, this trend was observed in cases when Elon wrote about another cryptocurrency meme - Dogecoin (DOGE).
On March 15, the dogwifhat exchange rate reached a historic high at $3.56, but then collapsed by 42%. A shrinking triangle is already forming on the chart, the lines of which will intersect on March 22. For this reason, over the next five days, the volatility level of the token price will decrease if traders do not break through the upper or lower lines of the figure.
Source: https://happycoin.club/ilona-maska-zapodozrili-v-pampe-kursa-kriptovalyuty-dogwifhat/
