Currently, there is a strong rebound in the meme coin space, with the world's fourth largest meme coin Dogwifhat (WIF) rising another 21% in the past 24 hours. At press time, Dogwifhat (WIF) is trading at $3.37 with a market cap of $3.35 billion. In addition, daily trading volume has soared 44% all the way to $565 million.

Dogwifhat (WIF) Price Surges to New ATH?

Following a massive bull run in 2024, the Dogwifhat (WIF) price has risen all the way to $4.9. The WIF price increase has caught the attention of the global cryptocurrency community as it has taken a place in the cryptocurrency space. The top 50 cryptocurrency by market cap is only a few months away from being listed for trading. Its recent listing on Bybit was successful, with the price reaching $41.

However, in the four weeks of April, the WIF price fell back sharply, experiencing some volatility in the market. Now, with a strong rebound, Dogwifhat has managed to break out of the downtrend, setting the stage for a move toward new all-time highs.

WIF is the latest in a series of dog-themed memecoins on the Solana blockchain. Its website humorously captures its simplicity, describing itself as “literally just a dog in a hat.”

Due to the lack of utility, the community has resorted to guerrilla marketing tactics to boost the token’s value. Currently, the project aims to have its furry mascot prominently displayed on the Las Vegas Sphere.

Venture capital firm Stratos recently revealed that its investment in Solana memecoin Dogwifhat (WIF) has yielded more than 300x profit. The California-based firm invested in WIF back in December when the token was priced at around $0.01.

Notably, it has retained its entire WIF holding despite the sharp increase in its value, with WIF currently trading at $3.37. According to CoinGape, WIF prices could rise all the way to $10 in May.

#ETH #BTC #WIF #chz #Ondo