Dogwifhat (WIF), a meme coin on the Solana ecosystem, has surged nearly 50% weekly to $2.30, becoming one of the top performers in the cohort.
Analysts predict a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by year-end.
Dogwifhat (WIF) Surges in the Solana Ecosystem
The largest meme coin built on the Solana ecosystem—dogwifhat (WIF)—has been making headlines in recent days due to its substantial price increase. It is up 12% daily and almost 50% weekly, currently hovering at the $2.30 level, according to CoinGecko’s data.
Besides the price rally, WIF has become the meme coin generating the most daily trading volume. The figure stands at over $560 million, while second place belongs to the frog-themed Pepe (PEPE) with approximately $490 million. The leading meme coins in terms of market capitalization, Dogecoin (DOGE) and Shiba Inu (SHIB), trail behind with $415 million and $170 million, respectively.
Numerous analysts have noted WIF’s recent uptick, with some assuming this might be the start of a real bull run. The X user Bluntz claimed the asset’s price could skyrocket to as high as $12 by the end of the year.
Rager said he is against most meme coins but believes WIF is different, expecting its price to soar to $3 in the coming days.
Source: X
Meme Coins Surge: WIF Leads Gains as Market Cap Hits $53 Billion
WIF is not the only meme coin experiencing significant gains today (July 1). The total market capitalization of the meme coin niche has surged to nearly $53 billion, marking a 5% increase within the day. Alongside WIF’s impressive rally, other major meme coins are also showing positive movement. Dogecoin (DOGE) is up 2.5%, Shiba Inu (SHIB) has risen by 2%, and BONK has climbed by 8%.
In addition to these prominent assets, several lesser-known meme coins have also seen substantial gains. Assets such as ANDY ETH (ANDY), LandWolf (WOLF), Toshi (TOSHI), Purr (PURR), Wojak (WOJAK), and others have experienced double-digit increases, contributing to the overall upward trend in the meme coin sector.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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