With its breakneck growth rate, #Dogwifhat (WIF), the hottest meme coin on Solana, increased in price by a staggering 21% today, reaching a remarkable 0.46 cents – its highest since mid-January.
This increase pushed Dogwifat's market capitalization to nearly half a billion USD, securing its position as the 123rd largest cryptocurrency by market capitalization, according to #CoinMarketCap
But what really attracted attention was Dogwifat's rapid rise among the meme coin elite.
Surpassing heavyweights like FLOKI and MEME, Dogwifhat now proudly ranks among the top 5 meme coins by market capitalization.
Its new ‘neighbors’ in this elite ranking include #Dogecoin (DOGE), Shiba Inu (SHIB), Bonk Inu (BONK) and PepeCoin (PEPE).
What's even more surprising is the speed at which Dogwifhat has risen through the ranks. In just three short months, it has solidified its position as a formidable player in the meme coin space.
WIF surpasses PEPE?
Looking ahead, analysts speculate that Dogwifhat's journey towards meme currency dominance is far from over.
With a market capitalization just shy of #PepeCoin about $60 million, a modest 13% gain could help Dogwifhat edge out its frog-themed rival.
The bullish sentiment surrounding Dogwifat was further fueled by unexpected celebrity endorsements, such as LeBron James wearing a knitted hat reminiscent of the famous meme.
Such unpredictability only adds to the excitement surrounding the meme coin's future trajectory.
As investors eagerly watch Dogwifat's ascent, one thing remains certain: Solana's meme coin has firmly established its place among the elite ranks of DOGE and SHIB, with the potential to reach even higher level.
Source: https://tintucbitcoin.com/dogwifhat-cua-solana-tang-21/