In an astonishing week, Dogwifhat (WIF) not only shattered its previous price records but also climbed to the 3rd position in meme coin market cap rankings, boasting a 2,560% price increase.
Originating from the Solana blockchain, this "dog with a hat" themed coin has taken the crypto world by storm, outpacing PEPE and drawing significant media attention.
Dive into the story of WIF's remarkable journey and the buzz around its future in the cryptocurrency landscape.
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Price soars to record high of $4.47
Dogwifhat (WIF), a dog-themed meme coin based on the Solana (SOL) blockchain, has recorded a price surge of over 100% in the past week, propelling it to 3rd place in the meme coin market cap rankings.
Originating as a "dog with a hat" meme coin on Solana's blockchain, Dogwifhat has been in the spotlight since January 2024 due to a significant price increase.
From around $0.13 in December 2023, the price of WIF has skyrocketed to $4.47 at the time of writing, marking an overall price increase of more than 2,560%.
Surpassing PEPE to Secure the 3rd Spot in Market Cap Rankings
In the meme coin market cap rankings, "PEPE" was previously in 3rd place due to its price surge last year. However, recent price increases have seen WIF's market cap surpass PEPE's.
Currently, Dogecoin (DOGE) holds the 1st place as the leading dog-themed meme coin, while Shiba Inu (SHIB), which has evolved beyond the meme coin category into a movement, ranks 2nd.
Recently, Dogwifhat has successfully fundraised for placing a giant advertisement in the "Sphere," a massive spherical arena in Las Vegas, USA. Major media outlets, including Bloomberg, have covered this development, contributing to WIF's price surge.
The cryptocurrency industry is becoming increasingly cautious of a potential sharp decline in WIF's price after months of significant growth. Nonetheless, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, has predicted that WIF's price could rise to $10.
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Will Dogwifhat (WIF) Continue to Rise? Arthur Hayes's Bullish Price Prediction
Discover why Arthur Hayes believes Dogwifhat (WIF) could reach $10 and how a massive Sphere ad campaign could fuel its rise. Stay tuned for bullish insights on WIF's future.
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