New trending meme coin in the market, dogwifhat (WIF) is outperforming all sorts of cryptos with gains. Taking the market by storm, WIF price has jumped by around 730% over the last 30 days. The ongoing bullish rally had helped the token to now become the 4th largest meme token. However, BitMEX co-founder suggests that this WIF price rally is not stopping anytime soon.
Is WIF to hit $10 next?
According to the data, dogwifhat price jumped by more than 50% in the last 24. This mega price rally helped the token to hit back to back new all time high. WIF which began to trade around $0.13 in the middle of December is now trading at an average price of $3.42, at the press time. Its 24 hour trading volume is up by 121% to stand at $897 million.
Arthur Hayes, co founder of BitMEX, has been a big supporter of WIF from the beginning. He had mentioned dogwifhat several times in his X (formerly Twitter) posts. In the latest post, Hayes wrote “The hat stays on while I count to $10. LFG fam are you $WIF me?”
After all this price jump, Haye is rooting for the WIF price to hit the $10 mark soon. WIF would need to surge by another 200% to achieve this price level. However, this price trajectory is possible if we take a look at the Solana based meme coin’s performance. dogwifhat price had jumped by 1800% in the last 90 days.
Who’s next?
The ongoing bull run of WIF had made it the 4th largest meme coin as it replaced FLOKI in this race. Dogwifhat market cap stands at over $3.32 billion while FLOKI holds a market cap of around $2.86 billion.
According to reports, the Solana based meme coin is raising funds to display its mascot which is a Shiba Inu wearing a pink beanie on the Sphere in Las Vegas. The mega marketing campaign has surpassed its fundraising target of $650,000. The community members had collected more than $690k in USDC and that too in just four days. Experts suggest that these kinds of marketing and advertising events take place when the market is at its peak.
It will be interesting to see if WIF can overtake PEPE now as both meme coins are thriving hard to gain the top spot.
