The excitement around meme coin Dogwifhat (WIF) is louder than ever, and it must be music to investors’ ears. With a price that’s jumped nearly 40%, hitting a sweet $3 mark for the first time, this Solana-based meme coin is dancing in the spotlight. What’s even more exciting is another prediction by Arthur Hayes, a legend in the crypto industry, that WIF is on its way to reaching a phenomenal $10.
WIF was launched in December 2023, and it is based on a meme about a Shiba Inu dog wearing a pink beanie. The coin is highly beloved by the community. So much so that fans put together over $690,000 to get the furry mascot displayed on the Sphere in Las Vegas. The coin’s icon lit up the orb-shaped entertainment haven, a testament to the coin’s growing popularity. The community even exceeded their fundraising goal, hitting the jackpot in less than four days.
At the same time as Bitcoin is hitting new heights, surpassing the $73,600 mark, meme currencies are also having their own success stories. In particular, Dogwifhat has been seeing a massive and swift rise in popularity.
From its very low point of $0.0047, it has increased by a whopping 55,000%. That’s a tremendous achievement, but it isn’t isolated. The meme coin market as a whole is very lively. Smaller-cap coins, previously overshadowed by giants like Dogecoin (DOGE) and Shiba Inu (SHIB), are now shining brighter than ever. Coins like PEPE and BONK are hitting all-time highs, with a surge in trading volumes and that prompts a bullish outlook for the meme coin market.
What’s driving this frenzy? It’s a combination of factors. The crypto market is heating up, with Bitcoin in front. This has boosted the confidence of investors in meme coins.
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- Source: https://coinpedia.org/news/arthur-hayes-believes-dogwifhat-wif-price-is-about-to-hit-10/
