Meme Coin Outlook July 1st: Dogwifhat (WIF) Outperforms DOGE, SHIB, and PEPE

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Dogwifhat (WIF), a meme coin on the Solana ecosystem, has surged nearly 50% weekly to $2.30, becoming one of the top-performers in the cohort.

Analysts predict a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by year-end.

The largest meme coin built on the Solana ecosystem—dogwifhat (WIF)—has been making the headlines in the past several days due to its substantial price increase. It is up 12% daily and almost 50% weekly, currently hovering at the $2.30 level (per CoinGecko’s data).



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Besides the price rally, WIF became the meme coin, generating the most daily trading volume. The figure stands at over $560 million, while second place belongs to 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.

Numerous analysts noted WIF’s recent uptick, with some assuming this might be the start of a real bull run. The X user Bluntz claimed the asset’s price could skyrocket to as high as $12 by the end of the year.



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Rager said he is against most of meme coins but WIF seems to be a different one, expecting its price to soar to $3 in the following days.

WIF is not the only meme coin charting significant gains today (July 1). 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%.



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For their part, lesser-known assets such as ANDY ETH (ANDY), LandWolf (WOLF), Toshi (TOSHI), Purr (PURR), Wojak (WOJAK), and many more have headed north by double digits.

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