Dogwifhat (WIF) Price Jumps 21% On Way To Hit New All-Time High

Currently, there is a robust rally occurring in the meme coin sector, with Dogwifhat (WIF), the world’s fourth-largest meme coin, surging by an additional 21% in the last 24 hours. At present, the price of Dogwifhat (WIF) stands at $3.35, accompanied by a market capitalization of $3.35 billion. Moreover, the daily trading volume has surged by 44% to reach $565 million.

Dogwifhat (WIF) Price Surge to New ATH?

During the last month of March, the Dogwifhat (WIF) price rallied all the way to $4.9 following a mega bull run taking place this year in 2024. The WIF price rally has captured the attention of the global crypto community as it occupies a space among the top 50 cryptocurrencies by market cap, just a few months from going live for trading. Its recent listing on Bybit has been successful, hitting a price of $41.

However, in the four weeks of April, the WIF price retraced significantly experiencing some sort of volatility in the market. Now, with a strong bounce back, Dogwifhat has managed to break through the downtrend, setting up the stage towards its new all-time high levels.

WIF emerges as the newest addition to the array of dog-themed meme coins on the Solana blockchain. Its website humorously states its simplicity, describing itself as “literally just a dog wif a hat.” Lacking utility, the community has resorted to guerrilla marketing tactics to enhance the token’s value. Presently, the project’s ambition is to have its furry mascot prominently displayed on the Las Vegas Sphere.

Venture capital firm Stratos recently revealed that it has minted more than 300x in profits from its investment in Solana meme coin Dogwifhat (WIF). The California-based company made its investment in WIF back in December when the token was priced at approximately $0.01. Remarkably, it has retained its entire WIF holdings, despite the significant surge in value, with WIF now trading at $3.43. As reported by CoinGape, the WIF price can rally all the way to $10 in May.

Arthur Hayes Supports WIF

Arthur Hayes, the founder of the crypto exchange BitMEX has recently tweeted in favour of Dogwifhat. citing  Omar Orson Octopus, the deutagonist and male protagonist of the Disney/Pixar movie Primrose Path.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.