[Dogwifhat (WIF) poised for stardom: Analysts expect market cap to reach $6 billion, price to rise 20x]
Solana-based meme coin Dogwifhat (WIF) has seen significant price and market capitalization gains over the past two weeks, increasing its value by 68%. On Monday, WIF hit $2.81, its highest price this month. Market capitalization also increased from $1.5 billion to $2.8 billion. Experts expect WIF’s market capitalization to grow further, possibly surpassing its all-time high.
After hitting an all-time high of $4.83 on March 31, WIF went through about 4 months of sharp corrections, losing more than 50%, hitting a year-long low of $1.48 in June. Analyst CryptoSmith predicts that WIF will rise significantly in the coming months and predicts that it will reach a market capitalization of $6 billion by the end of this year and a price of more than $6.
CryptoSmith said: "$WIF will lead this 'meme currency super cycle' to its peak." Based on the token market value of $2.8 billion and the total supply of 998,926 WIF tokens, the predicted market value of $6 billion may push the token price to New highs above $6.
Market expert Enguin supports this optimistic outlook, arguing that WIF is a major player in the cryptocurrency industry, surpassing Hedera’s HBAR, ATOM, VET and Optimism’s OP token in market capitalization. Enguin noted that WIF’s importance comes from its increased stability, increased liquidity from multiple exchange listings, and “established mindshare.”
Enguin believes that WIF has the potential to become the dogecoin of choice for a new generation of crypto users, predicting that 10-20x growth from now is possible, which would bring the token price to $28 to $56 per coin. Enguin also predicts that WIF’s market value will grow significantly, with the opportunity to enter the top 10 cryptocurrencies by market value, with a market value of more than $17 billion.
