The post Dogwifhat (WIF) Surges 28%: Can It Reach To It’s ATH, Again? appeared first on Coinpedia Fintech News
Dogwifhat (WIF), a prominent meme coin on Solana, has seen a remarkable 28% surge in just 24 hours. Currently priced at $2.16, with a trading volume of $464.11 million and a market cap of $2.01 billion, WIF’s recent price movement has caught the attention of crypto enthusiasts.
WIF Topped Among 100 Crypto Coin
With a current market cap of $2 billion, WIF is leading the memecoin market, demonstrating significant gains and widespread interest. Among the top 100 cryptocurrencies, WIF has stood out as the top gainer in the past 24 hours, with a massive increase of 25%.
This surge has propelled WIF into the spotlight, making it the most talked-about memecoin on the Solana blockchain. Its performance has fueled speculation among investors and enthusiasts, many of whom believe that WIF has the potential to reach a $10 billion market cap.
Memecoins are proving to be the strongest performers in the #crypto industry during this bull run! $WIF is currently leading the #memecoin market, currently sitting at $2B market cap, many believe $WIF has the potential to reach a $10B market cap. Among the top 100… pic.twitter.com/zomyQrDVo7
— Lucky (@LLuciano_BTC) July 6, 2024
WIF achieved its all-time high of $4.80 on March 31, 2024, after hitting its lowest point of $0.004131 on December 13, 2023. Currently, market sentiment for WIF is mixed, as indicated by a Fear & Greed Index rating of 26 (Fear).
WIF’s Growing Popularity
The rapid rise of WIF is also reflected in its widespread adoption. In a short time, WIF has been listed on 222 trading platforms, capturing the attention of millions of people worldwide.
Part of WIF’s success can be attributed to its active community and innovative marketing strategies. Fans of WIF recently launched a crowdfunding initiative to feature the WIF mascot on the iconic Las Vegas Sphere.
This campaign successfully raised nearly $700,000, nearing its goal by 90%. Such community-driven efforts have not only boosted WIF’s visibility but also reinforced investor confidence.
How High DogWifhat Price Can Go?
Despite trading near its recent high, WIF shows signs of strong market performance and investor interest, supported by its robust liquidity and sizable market cap. However, the coin remains down 60% from its all-time high of $4.80, indicating potential for further growth if current momentum persists.
Analysts suggest that WIF could target levels around $2.50 in July, driven by continued positive sentiment and trading activity related to the Las Vegas Sphere campaign.