Dogwifhat Rises: Surpassing DOGE and SHIB to Become Top Meme Coin

Dogwifhat (WIF) has made a splash in terms of trading volume, surpassing Dogecoin and Shiba Inu, with analysts predicting a price breakout of $2.5.

In early July, the Solana-based meme coin Dogwifhat (WIF) managed to surpass well-known competitors Dogecoin (DOGE) and Shiba Inu (SHIB). According to CoinMarketCap data, WIF has achieved a staggering daily trading volume, becoming the leader in the meme coin market.

In the past 24 hours, WIF's trading activity reached a staggering $600 million, surpassing Pepe's (PEPE) $518 million. Even the previous leading meme coin Dogecoin (DOGE) has a trading volume of only $424 million.

After a major sell-off last month, Dogwifhat has shown a strong rebound. Currently priced at around $2.30, it has risen 16.96% in the past 24 hours, showing a return of investor confidence.

Although Shiba Inu (SHIB) ranks sixth in terms of trading volume at $172 million, it still maintains a market capitalization of $10.2 billion, ranking second. Meanwhile, Bonk (BONK) and Floki Inu (Floki) surpassed SHIB in terms of trading volume, at $208 million and $191 million, respectively. This trend shows that emerging meme coins are gradually gaining more attention from the market.

With a strong performance in early July, Dogwifhat (WIF) is expected to break through $2.5. Currently, WIF is the second best performing cryptocurrency, second only to Ethereum Name Service (ENS).

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