WIF soars over 2000%: Is this just the beginning?
Dogwifhat (WIF) becomes Solana’s largest memecoin, surpassing PEPE’s market cap.
But there is still a gap compared with DOGE and SHIB. It has been noted that its value has increased recently. At the same time, its 7-day RSI has declined slightly. This combination suggests further price gains are likely.
Furthermore, the EMA lines show a consistent upward trend. This trend bodes well for a positive future. This means that the price of WIF may soon cross the $4.7 mark.
Despite growth, WIF still lags behind other Memecoins
WIF has become the leading meme coin in the Solana blockchain ecosystem. Its market capitalization is well over twice that of its closest competitor, BONK.
In 2024 alone, memecoin gained more than 2,000%, surging from a low of $0.17 on January 1 to a staggering $3.75 on March 29. WIF price growth year-to-date exceeds the growth of other well-known memecoins, such as FLOKI, which has increased by 558%, and PEPE, which has increased by 455%.
WIF has grown 66.22% in the past 7 days and is now the third largest memecoin by market capitalization, surpassing PEPE. Despite this huge achievement, WIF's market capitalization is still five times smaller than SHIB's.
The growing and vibrant Solana memecoin ecosystem suggests that the price of WIF may climb even higher.
*The above is not investment advice
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