Memcoin Dogwifhat (WIF) has risen significantly in price and market capitalization over the past two weeks, recording a 68% increase in value over this period. On July 22, 2024, the price of WIF reached $2.81, which became the highest price in a month.
The token's market capitalization has also grown significantly, nearly doubling in just one month from $1.5 billion to a current market capitalization of $2.8 billion.
According to an analyst under the nickname CryptoSmith, we should soon expect a new rally of the asset in the market. According to him, if the current bullish trend continues, then the market capitalization of the coin will be at least $6 billion, and then it will be destined for a place in Valhalla (from the Scand. “hall of the slain”).
As the expert suggests, thanks to stable growth, increased liquidity due to listing on some exchanges, and an active community, Dogwifhat (WIF) has a chance to show a 20-fold increase in value over the next few months.
In this case, the price of WIF will reach $56, and this is not the limit, the expert suggests, and the coin rate may rise even more. In general, the memcoin market will continue to grow, the analyst is confident, at least until the end of 2024.
It is worth noting that memcoins have indeed shown positive dynamics since the beginning of 2024 and some of them have outperformed Bitcoin and other leading cryptocurrencies in growth.
