Dogwifhat (WIF)Tipped For Stardom: Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Optimism	OPUSD	Crypto	1,838,166,851	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Optimism

OPUSD

Crypto

1,838,166,851

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.060	3.19%	1.94	1.94	1.94

Price Change

Price Change %

Current Price

Bid Price

Offer

0.060

3.19%

1.94

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.96	1.82	1.88	1.88	1.15 - 4.86

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.96

1.82

1.88

1.15 - 4.86

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:30:31	11.81	1.94	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:30:31

11.81

1.94

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,998,787.11	2,110,511.79	OP	OPEUR	OPGBP	OPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,998,787.11

2,110,511.79

OPEUR

OPGBP

OPBTC

Dogwifhat (WIF)Tipped For Stardom: Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

23/07/2024 8:00am

NEWSBTC

Solana-based meme coin Dogwifhat (WIF) has seen a significant price and market capitalization surge over the past two weeks, recording a 68% increase in value during this period. WIF reached $2.81 on Monday, marking its highest monthly valuation. The token’s market cap has also experienced significant growth, nearly doubling in just one month from $1.5 billion to its current market cap of $2.8 billion. Nevertheless, experts anticipate further growth in WIF’s market capitalization, potentially resulting in the token surpassing its previous all-time highs (ATHs). Bullish Predictions For WIF After hitting an ATH of $4.83 on March 31, WIF underwent a sharp correction that lasted almost 4 months, dropping over 50% after hitting a year-low of $1.48 in June. However, crypto analyst CryptoSmith says a move above the ATH is only a matter of time. Related Reading: US Spot Ethereum ETFs Poised To Draw $1.2 Billion Monthly: Research Firm In a recent post on X (formerly Twitter), CryptoSmith forecasted a significant upward move for WIF in the coming months if the current uptrend persists, predicting that before the end of the year, specifically between October and November, WIF will achieve a market capitalization of $6 billion. CryptoSmith further contends, “$WIF will lead this ”meme coin super cycle” to Valhalla.” Analyzing the token’s market cap of $2.8 billion and its total supply of 998,926 WIF tokens, a $6 billion market cap predicted by CryptoSmith could send the token to new highs above the $6 mark. This would be a new milestone for the dog-themed meme coin, with the possibility of surpassing the 20th largest cryptocurrency on the market by market cap, UNI, which has a market valuation of $5.9 billion at the time of writing. Potential For $28 To $56 Price Surge Supporting the optimistic outlook, market expert “Enguin” on X highlights the case for holding WIF and considers it a major player in the crypto space, with a market capitalization surpassing coins like Hedera’s HBAR, ATOM, VET and Optimism’s OP token. Furthermore, the expert believes three key factors contributing to WIF’s significance are its increased stability, increased liquidity through multiple exchange listings, and a “well-established” mindshare acting as an autonomous marketing force. Enguin further stated: Also as a fresh new CTO meme from The People’s Chain (Solana), there’s a strong narrative for it becoming the #1 dog coin for a new era of crypto users. I’m not married to this idea, but when you consider it a real possibility, a 10-20x from here is possible According to the expert’s analysis, a potential 10x surge would take the token to a staggering valuation of $28 per token, while a 20x price surge could take WIF’s price as high as $56. “Depending on how crazy things get, it could go even higher,” Enguin stated. Related Reading: Don’t Get Shaken Out, Analyst Says Bitcoin And Altcoins Rally Is Just Starting Interestingly, Enguin also predicts a notable growth in market capitalization, similar to CryptoSmith’s projection, believing that the meme coin has “one of the best chances” to reach the top 10 largest cryptocurrencies by market capitalization, which would mean growth above the $17 billion mark, similar to Toncoin’s (TON) valuation as of this writing. Featured image from DALL-E, chart from TradingView.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

OPUSD Optimism