Dogwifhat (WIF)
First on the list of top Solana memecoins in 2024 is Dogwifhat (WIF). As a Solana-based meme coin, Dogwifhat embraces a lighthearted approach, featuring a Shiba Inu donning a distinctive pink knitted hat. Unlike cryptos focused on technological advancements or societal impact, Dogwifhat prioritizes humor and creativity, embodying the essence of meme culture in the crypto space
Despite its simplicity, Dogwifhat has captured the attention of the crypto community, boasting impressive trading volumes and market capitalization. Its rise to prominence underscores the community’s affinity for meme-inspired projects and highlights the power of humor in fostering community engagement within the crypto sphere
Since its inception in late November 2023, Dogwifhat has experienced exponential growth despite its minimal utility. Described as “literally just a dog with a hat” on its project website, Dogwifhat epitomizes the playful spirit of meme coins on the Solana blockchain. Keep an eye out for Dogwifhat as it continues to make waves among the top Solana memecoins in 2024
Dogwifhat’s natice crypto WIF price saw a massive rally in the month of March 2024 – gaining over 1700% within that month but soon after saw a correction of over 50%. This Solana memecoin has seen a sideways movement since the 50% correction in the first two weeks
Currently taking support of the 50-day exponential moving average, this is a token that is well-positioned to rally in the near future WIF price’s rally had briefly made it the third largest meme coin overall by market cap, beating Pepe coin and under Doge and Shiba Inu
While the month of May is estimated to be a little slow in terms of price action, if WIF price is able to stay above the 50-day EMA convincingly and also breach the psychological level at $3 – then we can see a runup back to its ATHs
On the downside the region between $2 (psychological support) and $1.8 (S1 Fibonacci pivot level) can serve as a region of support for the top Solana memecoin by market cap on this list
