Will dogwifhat Price Hit $10 If It Mirrors Shiba Inu’s 2021 Rally?
In 2021, the Shiba Inu price witnessed an extraordinary rally of 45000%, which pushed its value to a high of $0.000037 in May and its market cap to over $10 billion.
If WIF were to mimic SHIB’s 2021 rally, it would imply a massive surge in its market value. The dogwifhat currently trades at $2.77, and a 45,000% increase would increase its price to approximately $1,247.65—a figure vastly exceeding the speculative target of $10.
Is the 2021 SHIB rally Possible for WIF?
Given the current market scenario, achieving a 45000% rally seems unlikely for dogwifhat price. In 2021, the SHIB rally was driven by an exceptional confluence of social media enthusiasm, meme culture, and a wave of retail investor interest in such assets.
While these factors are still valid and can offer substantial growth for most major memecoins, their impact has noticeably diminished in recent years. This decrease can be attributed to emerging competition like BONK, PEPE, DOGS, etc, which may siphon away the investors’ interest from WIF.
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