According to CryptoPotato, Dogwifhat (WIF), a meme coin in the Solana ecosystem, has seen a nearly 50% weekly surge to $2.30, making it one of the top performers in its category. Analysts are predicting a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by the end of the year.
Dogwifhat has been in the news recently due to its substantial price increase. It has risen 12% daily and almost 50% weekly, currently sitting at the $2.30 level. In addition to the price rally, WIF has become the meme coin generating the most daily trading volume, with a figure of over $560 million. The second place is held by the frog-themed Pepe (PEPE) with approximately $490 million. The leading meme coins in terms of market capitalization, Dogecoin (DOGE) and Shiba Inu (SHIB), trail behind with $415 million and $170 million, respectively.
Several analysts have noted WIF's recent uptick, with some suggesting this might be the start of a significant bull run. User Bluntz has claimed the asset's price could skyrocket to as high as $12 by the end of the year. Another analyst, Rager, has expressed his expectation for the price to soar to $3 in the coming days.
Dogwifhat is not the only meme coin experiencing significant gains. The total market cap of the niche has surged to almost $53 billion, a 5% increase on a daily scale, with DOGE up 2.5%, SHIB rising by 2%, and BONK climbing by 8%. Lesser-known assets such as ANDY ETH (ANDY), LandWolf (WOLF), Toshi (TOSHI), Purr (PURR), Wojak (WOJAK), and many others have also seen double-digit increases.