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Dogwifhat Surpasses Arbitrum in Market Cap, Targets Cosmos Next


The Solana-based meme coin, Dogwifhat (WIF), continues its remarkable upward trajectory, entering the top 30 cryptocurrencies by market cap.

This achievement follows a week of extraordinary growth, propelling WIF to secure its position as one of the top three meme coins, trailing behind Dogecoin and Shiba Inu.

Dogwifhat Enters Top 30 Cryptos

In the past 24 hours, WIF saw a notable surge, jumping over 7% to reach $4.68, pushing its market cap to $4.48 billion. This milestone propelled the meme coin to the 29th position among cryptocurrencies by market capitalization, surpassing Ethereum’s Layer 2 network Arbitrum’s $4.39 billion and closely trailing Cosmos at $4.8 billion.

This marks another significant milestone in the meme coin’s journey since the start of the year. Indeed, Dogwifhat is a relatively recent addition to the meme coin scene launched on the Solana ecosystem last year.

Despite its new status, it has carved out a place in the fiercely competitive crypto industry, ranking among the top 20 cryptos by trading volume.

Dogwifhat (WIF) Price Performance
Dogwifhat (WIF) Price Performance. Source: TradingView

Market analysts predict continued growth for the Dogwifhat. Asad, Cryptonary’s Chief Meme Officer, foresees WIF’s value reaching $100, citing multiple bullish market indicators.

He highlights the crypto market’s readiness for substantial capital inflows, surpassing previous cycles, which could propel Bitcoin to all-time highs and quadruple Solana’s value.

“WIF is paving a road toward $100 [because] BTC has barely broken its all-time high, and SOL has about four-times from here. Additionally, the meme coins snowball effect is not slowing [and] more capital entering crypto than any previous cycles,” Asad explained.

Moreover, amidst ongoing macroeconomic uncertainties and upcoming US presidential elections, the crypto market shows promise for substantial gains. Asad emphasizes that even if major cryptocurrencies triple from their current levels, WIF is positioned for an impressive 10x surge.

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Conclusion

In conclusion, Dogwifhat (WIF) has demonstrated remarkable growth, entering the top 30 cryptocurrencies by market cap and solidifying its position as one of the top meme coins in the market. The recent surge in WIF’s price, market cap, and ranking among cryptocurrencies highlights its increasing popularity and investor interest. Market analysts project continued growth for Dogwifhat, with potential for significant value appreciation, driven by bullish market indicators and a positive outlook for the crypto market. Despite being a relatively new addition to the meme coin scene, Dogwifhat has quickly established itself as a prominent player, attracting attention and becoming a key player in the competitive cryptocurrency industry.

  • bitcoinBitcoin (BTC) $ 66,213.00
  • ethereumEthereum (ETH) $ 3,559.24
  • bnbBNB (BNB) $ 606.66
  • solanaSolana (SOL) $ 145.33
  • xrpXRP (XRP) $ 0.484199
  • cardanoCardano (ADA) $ 0.411807
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • polkadotPolkadot (DOT) $ 6.22