Dogwifhat jumps 10%, crosses 1 billion USD market cap: Are more gains coming?

Dogwifhat experienced a 10% price increase to 1.05 USD, surpassing a market cap of 1 billion USD.

Trading volume surged by 83.89% to nearly 588 million USD, prompting predictions of a 30% rally as interest among derivatives traders rose.

The market shows strong bullish sentiment, with long liquidations at 18.17 million USD compared to only 2.64 million USD in shorts. The Relative Strength Index indicates further potential for gains.