Cryptocurrency
Dogwifhat (WIF) Rises in Market Cap Rankings
Friday. July 19 at 8:30 AM
1 min. readSolana-based memecoin Dogwifhat (WIF) has surged by 41.44% in the past week, reclaiming its position among the top 50 cryptocurrencies by market capitalization. Trading at $2.33, WIF has seen a 10% increase in the last 24 hours. Despite a 5.3% decline in the overall memecoin market, Dogwifhat stands at a $2.4 billion market cap, with analysts predicting a potential new all-time high. Positioned as the fourth largest memecoin, WIF trails behind Pepe (PEPE) with a market cap of $4.87 billion. Speculation on WIF's price reaching $2.50 could lead to a trading range between $2.40-$3.00. The recent price surge has impacted futures trading, with a 4.1% drop in Open Interest. Memecoins continue to gain positive sentiment in 2024, emerging as a significant trend in the crypto industry with substantial returns.