Tag Archives: Dogwifhat price

Bitcoin

Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

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Solana-based meme coin Dogwifhat (WIF) has seen a major value and market capitalization surge over the previous two weeks, recording a 68% enhance in worth throughout this era. WIF reached $2.81 on Monday, marking its highest month-to-month valuation. 

The token’s market cap has additionally skilled important progress, practically doubling in only one month from $1.5 billion to its present market cap of $2.8 billion. Nonetheless, specialists anticipate additional progress in WIF’s market capitalization, probably ensuing within the token surpassing its earlier all-time highs (ATHs).

Bullish Predictions For WIF

After hitting an ATH of $4.83 on March 31, WIF underwent a pointy correction that lasted nearly 4 months, dropping over 50% after hitting a year-low of $1.48 in June. Nonetheless, crypto analyst CryptoSmith says a transfer above the ATH is barely a matter of time. 

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In a current publish on X (previously Twitter), CryptoSmith forecasted a major upward transfer for WIF within the coming months if the present uptrend persists, predicting that earlier than the tip of the yr, particularly between October and November, WIF will obtain a market capitalization of $6 billion. CryptoSmith additional contends, “$WIF will lead this ”meme coin tremendous cycle” to Valhalla.”

Analyzing the token’s market cap of $2.8 billion and its whole provide of 998,926 WIF tokens, a $6 billion market cap predicted by CryptoSmith may ship the token to new highs above the $6 mark.

This could be a brand new milestone for the dog-themed meme coin, with the potential of surpassing the twentieth largest cryptocurrency in the marketplace by market cap, UNI, which has a market valuation of $5.9 billion on the time of writing.

Potential For $28 To $56 Value Surge

Supporting the optimistic outlook, market skilled “Enguin” on X highlights the case for holding WIF and considers it a serious participant within the crypto house, with a market capitalization surpassing cash like Hedera’s HBAR, ATOM, VET and Optimism’s OP token. 

Moreover, the skilled believes three key elements contributing to WIF’s significance are its elevated stability, elevated liquidity by way of a number of change listings, and a “well-established” mindshare appearing as an autonomous advertising pressure. Enguin additional said:

Additionally as a recent new CTO meme from The Folks’s Chain (Solana), there’s a robust narrative for it turning into the #1 canine coin for a brand new period of crypto customers. I’m not married to this concept, however when you think about it an actual chance, a 10-20x from right here is feasible

In keeping with the skilled’s evaluation, a possible 10x surge would take the token to a staggering valuation of $28 per token, whereas a 20x value surge may take WIF’s value as excessive as $56. “Relying on how loopy issues get, it may go even increased,”  Enguin said. 

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Curiously, Enguin additionally predicts a notable progress in market capitalization, just like CryptoSmith’s projection, believing that the meme coin has “probably the greatest possibilities” to achieve the highest 10 largest cryptocurrencies by market capitalization, which might imply progress above the $17 billion mark, just like Toncoin’s (TON) valuation as of this writing. 

WIF
The day by day chart exhibits WIF’s value trending upwards. Supply: WIFUSD on TradingView.com

Featured picture from DALL-E, chart from TradingView.com

Bitcoin

Solana’s Dogwifhat (WIF) Skyrockets 1300% And Claims Forbes’ Best-Performing Crypto Title

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Solana-based meme coin Dogwifhat (WIF) has taken the cryptocurrency market by storm, changing into the best-performing asset within the first half of the 12 months, because the Shiba Inu puppy-inspired token has outperformed Bitcoin’s (BTC) 48% surge since January, making it the highest returner amongst roughly 70 cash with market caps over $1 billion. 

Dogwifhat (WIF) Leads The Pack

In accordance to Forbes, Dogwifhat has emerged because the main performer among the many group of cash, with a market cap of greater than $1 billion, recording a 1,300% acquire from a low of $0.111 since December 2023.

Shut behind is Pepe (PEPE), recording good points of practically 800%. On the identical time, one other meme coin that has considerably elevated is Floki Inu (FLOKI), named after Elon Musk’s Shiba Inu canine, recording a 418% enhance over the identical interval. Equally, Shiba Inu (SHIB) has seen a 67% enhance. 

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Whereas meme cash dominate the highlight, the report notes that a number of tokens outdoors the meme coin realm have additionally showcased exceptional rallies, surpassing Bitcoin’s efficiency. 

ETH, the token of the Ethereum community, is up 51% and is poised for potential good points after the anticipated full approval of the spot Ethereum ETF market, just like Bitcoin, anticipated to be traded within the coming weeks. 

Binance Coin (BNB), issued by the world’s largest crypto change by buying and selling quantity, has additionally surged 81%, outperforming BTC’s worth motion regardless of latest regulatory and authorized challenges confronted by billionaire former CEO Changpeng Zhao (CZ), who’s at present serving a 6-month sentence following a plea cope with US authorities in 2023.

Meme Coin Bonanza

Whereas WIF has grow to be the star performer with a 1,306% enhance, its market cap has additionally made a notable restoration in latest months after shedding a excessive of just about $4 billion to at present attain a market cap of $2.1 billion, which has secured Dogwifhat’s 54th place within the prime 100 cryptocurrencies available on the market. 

Pepe additionally follows behind WIF on this key monetary metric, reaching a market cap of $5 billion. Nevertheless, the 2 are far behind Dogecoin (DOGE) and SHIB’s market cap figures, which at present stand at $17 billion and $10 billion, respectively, being the biggest meme cash within the crypto market. 

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Different cash, equivalent to Synthetic Superintelligence Alliance, additionally outperformed the biggest cryptocurrency available on the market, surging 545% to succeed in a market cap of $3.6 billion throughout the identical interval, whereas Floki skilled a progress of 392% to succeed in a market cap of $1.6 billion following the latest market hunch recorded since March and April highs. 

Dogwifhat
The 1-D chart exhibits WIF’s worth trending upwards. Supply: WIFUSD on TradingView.com

On the time of writing, WIF continues to rally and is buying and selling at $1.899, up over 14% within the final 24 hours. Nevertheless, the meme coin is buying and selling 60% beneath its all-time excessive of $4.83, set in March 2024. 

Featured picture from DALL-E, chart from TradingView.com 

Bitcoin

WIF Plunges 11% As Whale Deposits Millions To Binance

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Memecoins are in purple this week as most sectors of the crypto market battle. Dogwifhat (WIF) has not been the exception.  The memecoin sensation of Q1 noticed a big value drop following the actions of a whale. Lately, an deal with transferred thousands and thousands of WIF to a crypto change, which ignited hypothesis about who was behind the transaction.

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6 Million WIF To Binance

On Friday, reviews of an enormous WIF switch to Binance hit the crypto neighborhood. Per the report, one of many prime dogwifhat holders moved thousands and thousands to the biggest crypto change.

The whale transferred 5.97 million WIF, value round $11 million, on June 21. Moreover, the deal with offloaded 48 million Trump Coin (DJT), roughly $500,000.

After the information, the crypto neighborhood started speculating who was behind the switch. Some customers claimed the whale was crypto dealer Ansem, who was very vocal about WIF. The dealer was additionally a part of the Las Vegas Sphere challenge, the place customers donated round $700,000 to challenge the token’s picture within the Sphere.  

Customers on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some buyers took the chance to precise their discontent with the dealer for “grifting and dumping on buyers.”

The dialogue sparked an vital dialog: ought to Key Opinion Leaders (KOLs) not transfer their cash? One consumer considers that Ansem, and all KOLs, are free to do what they need with their cash.  The consumer argued that KOLs are subjected to criticism no matter their route.

When folks promote earlier than you do, they’re “jeet”. When KOLs promote a few of their holdings and even transfer it round, they’re “pump and dampers”.

A number of neighborhood members agreed and questioned if KOLs are “obligated” to carry a token till buyers are proud of their income.  Nevertheless, others argue that neighborhood members are “arbiters” of merchants’ reputations.  

Dogwifhat Take A Blow, However Was It Ansem?

Regardless of the rumors, on-line reviews counsel the pockets is just not linked to the crypto dealer. After deep-diving into the deal with, a neighborhood member discovered that the deal with was not related to Ansem.

The submit notes that the one motive it was linked to the dealer was the massive WIF stability and plenty of Solana memecoins.

Nevertheless, the deal with has a file of promoting their token at a loss “to FOMO into new shiny stuff.” Moreover, the pockets appears to be linked to a now-deleted X account.  On the time of writing, the dealer has not acknowledged the rumors.  

After the reviews, WIF’s value dropped from the $1.90 to the $1.80 value vary. On the final day, the memecoin plunged from the $2.15 mark, representing a 13% lower.

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The token has additionally seen a 25.3% and 36.1% drop within the weekly and month-to-month timeframes. Crypto analyst Bluntz forecasted a bearish $1 goal for the dog-themed memecoin. Finally, the analyst acknowledged {that a} descent to the $1 help stage was “inevitable” earlier than the “subsequent parabolic leg.” As of this writing, WIF is buying and selling at $1.83.

WIF’s efficiency within the weekly chart. Supply: WIFUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com