As Bitcoin surged to new highs, the altcoin market also took advantage of BTC’s rise, with meme coins mostly hitting new highs. Dogwifhat, a top meme coin on Solana, has been in the news lately. As the token surged to new highs, is it profitable to hold WIF as December approaches? Let’s find out.
Dogwifhat: What has been happening recently with the Meme coin?
Bitcoin is currently at $96,000. As the king of cryptocurrency continues to reach new heights, profits are being shared across the market, with meme coins yielding significant gains. WIF has recently basked in this price surge, skyrocketing to a new high of $3.17 at the time of reporting. The token has soared 19% over the past month and nearly 1788% over the past year.
The incredible popularity of WIF among the public has recently led the cryptocurrency exchange Robinhood to list DogWifHat for future trading, allowing users to easily trade WIF.
Some analysts on X have begun to make new price predictions for WIF. Considering its latest price surge and hype, one such analyst cited a new price level for DogWifHat, adding that it could reach $10 by Christmas 2024.
Token price forecast for December 2024
According to CoinCodex, WIF could rise nearly 229% to a new price of $10 by the end of December 2024. This prediction makes it an attractive coin to hold for the long term.
According to our current Dogwifhat price prediction, the price of Dogwifhat is expected to increase by 229.69% and reach $10.54 by December 29, 2024. According to our technical indicators, the current sentiment is optimistic while the Fear & Greed Index shows 78 (extreme greed). Dogwifhat has recorded 13/30 (43%) green days with a price volatility of 19.16% over the past 30 days. Based on the Dogwifhat forecast, now is a good time to buy Dogwifhat.
