Dogwifhat, the limited utility meme coin that grew in value thanks to it being the first token following the “wifhat” meta narrative, has now received the brunt of the market trading in the red. Uncertainty in the crypto market arising due to bad news from the regulatory front has dropped the WIF price by more than 43% since last month. 

However, despite the adverse market conditions, the community sentiment on CoinMarketCap is still bullish, with some saying that the Solana meme narrative will pump the token’s value again. Will it happen?

Dogwifhat Loses Ground – Registers Over 35% Drop Since Last Week

As soon as Bitcoin lost its critical $100k support, the entire meme coin market started trading in the green. A panic sell frenzy then pushed the entire meme coin market into a downtrend, whose market capitalization is just around $94 billion. 

Dogwifhat has dropped by more than 35% since last week, registering an over 43% loss since last month.

TradingView shows that the WIF market continues to bleed as the token is currently trading at the same levels it did in early November of this year. Since November 14, 2024, the WIF price has dropped by almost 60%.

The meme coin is currently trading around the $1.9 level and has a market capitalization just short of $2 billion.

What is Dogwifhat?

Dogwifhat arrived on the market in December of last year and quickly gained traction by banking on the Solana meme coin narrative. While the token captured the community’s attention from Day 1, it reached its all-time high in April 2024. 

After that, Dogwifhat’s price action was very volatile, and the week before the Black Money event in August 2024, the WIF price dropped to a yearly low of $1.2. 

Since then, the token’s price has been moving up steadily, following a rising channel. However, recently, the token’s price has dropped below this channel.

The primary factors moving the WIF price action have been broader market dynamics and social media. The project’s official website is very limited, showing only one image of a doge wearing a hat. 

However, the project plays to its strength, stating that it is just a meme coin. When it comes to the project’s Twitter account, it is full of meme posts covering several topics. 

Dogwifhat Price Prediction –  WIF Price Potential in 2025 and Beyond 

Given below are our Dogwifhat price predictions 2025, 2026, and 2030

2025

Since Dogwifhat is a meme coin, it likely won’t adhere to traditional market fundamentals when 2025 arrives. Thematic memes may entice degens to engage, potentially driving the WIF price up at the beginning of the new year.

The degree of the surge will depend on the extent of the Santa Claus rally. As WIF is a straightforward meme coin, many might view it as a good entry point to interact with the crypto space. Under conducive market conditions, it is possible that WIF will reclaim its recent high.

However, there might be a decline in the token’s value during the first quarter, with the WIF price trading around the $2.8 mark. In the second quarter of 2025, it will be important to see whether the “meme coin super cycle” arrives, as it’s possible that the token’s price could be pushed to new highs. Our conservative estimate is that by the end of 2025, Dogwifhat will trade around the $6 level.

2026

Social media action and degen interest may be the primary factors pushing the WIF price in 2026. However, the arrival of any utility could change that dynamic. That said, if utility arrives, it would contradict the token’s ethos, which portrays itself solely as a meme coin, with minor references to being a futuristic currency sprinkled in.

Overall market factors will also play a major role. If 2026 mirrors the crypto winter of 2022, the token may trade far below its all-time high (ATH) value, but that’s unlikely. Our conservative estimate is that significant traction around this token on social media could push its value to around the $7.5 mark.

2030

By 2030, Dogwifhat could be considered one of the OG cryptos on the market, leveraging its virality on social media and meme circles to keep itself in the conversation. This could allow the WIF price to remain afloat around the $5 mark.

Solaxy – High Potential Meme Coin Following the Solana Meta Narrative

While Dogwifhat relies solely on the novelty of its memes and the Solana meta narrative to gain traction in the market, Solaxy is a unique crypto project attempting to introduce robust utility to Solana’s ecosystem.

Although Solaxy has the appearance of a meme coin, evidenced by the “Pepe Einstein” character on the official website, the entire text underscores Solaxy as Solana’s Layer 2 solution.

According to the official whitepaper, this crypto project directly addresses the many shortcomings of the Solana blockchain, which has faced scalability issues due to the high volume of transactions driven by emerging meme coins. Solaxy aims to resolve these issues by introducing L2 solutions.

The project’s L2 solution will reportedly bundle transactions, making Solana more efficient and enabling it to handle more meme coins.

The project’s straightforward core fundamentals have been well-received, and the token has raised over $3.5 million so far.

Austin Hilton, a popular crypto analyst, has called it the first crypto of its kind, highlighting Solaxy’s pioneering nature.

These factors make it a suitable investment for those looking to diversify their portfolios with tokens beyond Dogewifhat.

Those interested in investing should visit the official Solaxy website, follow its X handle or join its Telegram channel.

Visit Solaxy