Dogwifhat (WIF) Market Cap Crosses Significant Milestone, But Can It Hit $10 This Year?

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

Solana-based meme coin Dogwifhat (WIF) saw a gain of nearly 5% on Friday, leading the gainers list. The surge came despite the broader crypto market facing a steep fall with big players like Bitcoin and Ethereum losing momentum.

At press time, the coin was trading at $1.94, up 3.1% over the past 24 hours. But, the coin also saw a red trading session just before this gain, indicating that investor confidence had been restored to some extent.

WIF Market Cap Crosses Key Level

The market capitalization of the WIF coin has now crossed the important level of $3.5 billion. It is currently valued at $1.93 billion and there are 998,845,776 WIF tokens in circulation.

Thanks to its stellar performance in the crypto market, there is a buzz around the meme coin’s potential price movements, wondering if the coin can hit $10 this year.

While other meme coins saw a decline, Solana’s most popular meme coin, Dogwifhat (WIF), broke out of it. This is mainly attributed to the excitement around the Solana ETF.

The price of Solana (SOL) also rose as expected amid the recent development, while homegrown projects like Dogwifhat also saw a significant rise over the past week.

As reported earlier by Bankless Times, the VanEck Solana Trust will be an exchange-traded fund that, once approved, will issue common shares of beneficial interest, according to the filing on the U.S. Securities and Exchange Commission’s website. The shares are expected to be listed on the Cboe BZX Exchange, Inc.

Will WIF Continue Rising Ahead?

The price of Dogwifhat is forecasted to rise in the upcoming month by 228.21% and reach $ 6.36, according to the current price estimate. Other technical indicators suggest that the momentum for the coin is currently bearish and the Fear & Greed Index is at 29 (Fear).

Dogwifhat achieved 10/30 (33%) green days and 19.81% price volatility over the past 30 days. However, data shows a general bearish sentiment on Dogwifhat price prediction with 5 technical analysis indicators giving positive signals and 18 giving bearish signals. Hence, this uptrend will be a challenging one for the token.

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