Please note: Most, if not all, of the articles published at this website were completed by Chat GPT (chat.openai.com) and/or copied and possibly remixed from other websites or Feedzy or WPeMatico or RSS Aggregrator or WP RSS Aggregrator. No copyright infringement is intended. If there are any copyright issues, please contact: bicycledays@yahoo.com.
The Solana-based meme coin, Dogwifhat (WIF), continues its exceptional upward trajectory, getting into the highest 30 cryptocurrencies by market cap.
This achievement follows per week of extraordinary progress, propelling WIF to safe its place as one of many prime three meme cash, trailing behind Dogecoin and Shiba Inu.
Dogwifhat Enters High 30 Cryptos
Prior to now 24 hours, WIF noticed a notable surge, leaping over 7% to achieve $4.68, pushing its market cap to $4.48 billion. This milestone propelled the meme coin to the twenty ninth place amongst cryptocurrencies by market capitalization, surpassing Ethereum’s Layer 2 community Arbitrum’s $4.39 billion and carefully trailing Cosmos at $4.8 billion.
This marks one other vital milestone within the meme coin’s journey because the begin of the yr. Certainly, Dogwifhat is a comparatively latest addition to the meme coin scene launched on the Solana ecosystem final yr.
Regardless of its new standing, it has carved out a spot within the fiercely aggressive crypto trade, rating among the many prime 20 cryptos by buying and selling quantity.
Learn extra: 13 Finest Solana Meme Cash to Watch in 2024
Dogwifhat (WIF) Value Efficiency. Supply: TradingView
Impressively, over 100,000 wallets presently maintain WIF, with the most important holder exhibiting no inclination to promote regardless of its fast surge in worth. Certainly, a pockets holds a considerable $139.5 million in WIF tokens, acquired at a mean price of $0.32, presently reflecting an unrealized revenue of $127.3 million.
Market analysts predict continued progress for the Dogwifhat. Asad, Cryptonary’s Chief Meme Officer, foresees WIF’s worth reaching $100, citing a number of bullish market indicators.
He highlights the crypto market’s readiness for substantial capital inflows, surpassing earlier cycles, which may propel Bitcoin to all-time highs and quadruple Solana’s worth.
“WIF is paving a highway towards $100 [because] BTC has barely damaged its all-time excessive, and SOL has about four-times from right here. Moreover, the meme cash snowball impact shouldn’t be slowing [and] extra capital getting into crypto than any earlier cycles,” Asad defined.
Learn extra: 7 Sizzling Meme Cash and Altcoins which are Trending in 2024
Furthermore, amidst ongoing macroeconomic uncertainties and upcoming US presidential elections, the crypto market exhibits promise for substantial positive aspects. Asad emphasizes that even when main cryptocurrencies triple from their present ranges, WIF is positioned for a formidable 10x surge.
