Since its launch on November 20, 2023, WIF has seen its value soar by 3,000% and almost 651% in the last seven days. While everyone is talking about it, WIF has even eclipsed big names like Shiba Inu and Pepe Coin.
Currently, Dogwifhat is trading at a price of $3.05, with a lively 24-hour trading volume of $2.66 billion. Its market capitalization stands at $3.04 billion, with a market dominance of 0.11%. In the last day, the price of WIF rose by an impressive 31.13%.
Dogwifhat peaked on March 14, 2024, with a price of $3.10. On the other hand, its lowest limit was on December 13, 2023, when it was traded for just $0.004131.
Since its all-time high, Dogwifhat’s lowest moan was $3.08 (cycle low), its most enthusiastic bark since then reached $3.08 (cycle high). Right now, the forecast for Dogwifhat price is moving, while the Fear & Greed index is barking loudly at 88 (Extreme Greed).
Dogwifhat Price Prediction
Considering WIF’s recent performance, the prospects for an increase to $5 in the coming days seem optimistic but uncertain. With 19 green days out of the last 30, representing a substantial 63% increase, there is evident bullish momentum in the market. It had been already predicted that the WIF price could reach $3 in the coming days.
Furthermore, the token is currently trading near its all-time high, suggesting strong appetite among investors. Additionally, WIF has high liquidity, backed by its strong market capitalization.
However, while these factors indicate a favorable environment for further price appreciation, reaching $5 may encounter resistance due to psychological barriers and potential profit-taking by traders.
If the positive sentiment persists and market conditions remain favorable, the WIF could reach the $5 mark in the near term. Investors should closely monitor price action and consider factors such as trading volume and market sentiment for more accurate predictions.
Dogwifhat (WIF) Goes to Las Vegas
Dogwifhat (WIF), mounted on the Solana (SOL) blockchain, is headed to Las Vegas. Thanks to the generous support of community members, funds were raised to display the token’s mascot, a Shiba Inu sporting a stylish pink hat, at Sphere, the city’s iconic orb-shaped entertainment venue.
Launched on March 9, the Sphere WIF Hat campaign quickly met and surpassed its $650,000 goal, amassing over $690,000 in donations, primarily in USDC stablecoin, via a multi-signature wallet. This wallet is managed by five key figures within the Dogwifhat community, ensuring both transparency and collective governance of the funds raised.
The initiative saw an impressive surge in support following a promotional effort by Phantom, a leading Solana wallet, which announced a wave of more than $100,000 in donations. This act of support was essential, as stated by the campaign organizers, demonstrating the broad support of the Solana ecosystem. A notable aspect of the fundraising was the prevalence of small denominations, valued between $1 and $10, highlighting the broad community involvement.
The effort to bring Dogwifhat to Sphere’s expansive screens is not only a testament to the popularity of the meme coin, but also a demonstration of the innovative marketing and fundraising strategies emerging in the crypto space. So far, the five people coordinating the fundraising have yet to provide evidence of communication with Sphere’s marketing team or confirmation of any payments made for the advertising purchase.
By Audy Castaneda
