Dogwifhat Overtakes DOGE and SHIB as Top Meme Coin

Dogwifhat (WIF) outshines Dogecoin and Shiba Inu in trading volume, with analysts predicting a surge past $2.5.

In early July, Dogwifhat (WIF), a Solana-based meme coin, surpassed well-known competitors Dogecoin (DOGE) and Shiba Inu (SHIB). According to CoinMarketCap, WIF has achieved remarkable daily trading volumes, positioning itself as a top contender in the meme coin market.

Over the past 24 hours, WIF reported a staggering $600 million in trading activity, outpacing Pepe (PEPE) at $518 million. Even Dogecoin (DOGE), previously the leading meme coin, trailed with $424 million in volume.

After a significant sell-off last month, Dogwifhat has rebounded strongly. Currently priced at approximately $2.30, WIF has seen a 16.96% increase in the last 24 hours, indicating renewed investor confidence.

While Shiba Inu (SHIB) ranked sixth in trading volume with $172 million, it still holds the second-largest market cap at $10.2 billion. Meanwhile, Bonk (BONK) and Floki Inu (Floki) outperformed SHIB in volume, with $208 million and $191 million, respectively. This trend shows a growing interest in newer meme coins over established ones.

Analysts forecast that Dogwifhat (WIF) could surpass $2.5, fueled by its strong early July performance. Currently, WIF is the second-best performing cryptocurrency, trailing only Ethereum Name Service (ENS).
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