Dogwifhat promises growth and an increase in market capitalization to $6 billion
Dogwifhat memcoin (WIF) has seen a significant increase in price and market capitalization over the past two weeks, recording a 68% increase in value over the period. On July 22, 2024, WIF's price reached $2.81, marking its highest monthly valuation.
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 expect a new rally for the asset in the market soon. 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 Scandinavian word for “the halls of the slain”).
As the expert suggests, thanks to the stability of growth, increased liquidity due to listing on some exchanges, 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 yet, the expert suggests, and the coin's rate can rise even more. In general, the memcoin market will continue to show growth, the analyst believes, at least until the end of 2024.
It should be noted that memcoins do show positive dynamics since the beginning of 2024 and some of them have surpassed bitcoin and other leading cryptocurrencies in terms of growth.
