Dogwifhat (WIF) saw a near 5% on Friday, climbing to the top of the gainers list. The gains came at a time when the broader crypto market was facing a steep fall with big players like Bitcoin and Ethereum losing significant momentum.
At the press time, the coin was trading at $1.94, up over 3.1% as compared to the same time last day. However, the coin has also seen a red trading session just before this gain suggesting that investor confidence had been restored to a certain extent.
WIF Market Capitalization Crosses Significant Milestone
The market capitalization of the WIF coin has now surpassed the significant level of $3.5 billion. It is now valued at $1.93 billion, and there are 998,845,776 WIF tokens in circulation. Due to its remarkable performance in the cryptocurrency market, investors are interested in this meme coin’s potential price movements, wondering if the coin can hit $10 this year.
While other meme coins have seen a decline, Dogwifhat (WIF), the most well-liked meme coin in Solana, has broken out of it. This is primarily due to the excitement surrounding the Solana ETF. The price of Solana (SOL) has also risen as expected due to the recent developments, while homegrown projects like Dogwifhat have also seen notable increases in the past week.
As previously reported by Bankless Times, the VanEck Solana Trust will be an exchange-traded fund that, upon approval, will issue common shares of beneficial interest, per the notification published on the US Securities and Exchange Commission’s website. These shares are expected to be listed on the Cboe BZX Exchange, Inc.
Will WIF Keep Rising in the Future?
In the upcoming month, the price of Dogwifhat is expected to increase by 228.21% to reach $ 6.36 according to the current price estimate. Other technical indicators indicate that the current mood for the coin is bearish, and the Fear & Greed Index is currently at 29 (Fear).
Over the previous 30 days, Dogwifhat achieved 10/30 (33%) green days and 19.81% price volatility. However, data indicates that there is a general bearish feeling on Dogwifhat price prediction with 5 technical analysis indicators indicating positive signals, while 18 indicating bearish signals. Therefore, this upward trend will be a bit challenging for the token.
