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Dogwifhat Price Prediction 2024: WIF Becomes Third-Largest Memecoin

Last Updated April 2, 2024 9:28 AM
Giuseppe Ciccomascolo
Last Updated April 2, 2024 9:28 AM

Key Takeaways

  • Dogwifhat debuted on the market in mid-December 2023.
  • It reached the status of third-largest memecoin.
  • Can it grow further thanks to all memecoin sector spike?
  • One Dogwifhat price prediction says it can reach $3.97 next year.

WIF has emerged as a frontrunner in the current memecoin rally, driving the resurgence of the Solana memecoin ecosystem and reaching a new all-time two days ago. As a result, it now holds the position of the third largest memecoin by market capitalization.

The next target in WIF’s sights is SHIB, currently holding the position of the second largest memecoin. For WIF to claim this spot, it would need to embark on an exceptional rally to surpass SHIB’s market capitalization.

Dogwifhat did not immediately respond to a request for comment

But what is Dogwifhat (WIF)? How does Dogwifhat work? Let’s see what we can find out, and also take a look at some of the Dogwifhat Price Predictions that were being made as of April 2, 2024.

Dogwifhat Price Prediction 

With that all out of the way, let’s look at some of the Dogwifhat price predictions being made as of April 2, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, keep in mind that many longer-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. 

2024 2025 2030
Prediction #1 $8.59 $10.06 $29.41
Prediction #2 $0.2671 $0.4128 $2.73
Prediction #3 $2.53 $3.43 $7.95

First, CoinCodex  said things would get better in its short-term Dogwifhat price prediction. It said the coin would go to $5.09 on April 7 and then rise to $12.57 on May 1. The site’s technical analysis was neutral, with 11 bearish indicators and three bullish.

Dogwifhat Price Prediction for 2024

DigitalCoinPrice  said Dogwifhat should trade at $8.59 this year. PricePrediction.net  had it coming in at $0.2671. Meanwhile, Bitnation  thought WIF could reach $2.53 in 2024.

Dogwifhat Price Prediction for 2025

DigitalCoinPrice argued Dogwifhat would get to $10.06 in 2025. PricePrediction.net thought it would stand at $0.4128 then. Bitnation said WIF would be worth $3.43 next year. 

Dogwifhat Price Prediction for 2030

Moving forward to a long-term Dogwifhat price prediction, PricePrediction.net said it would get to $2.73 in 2030. Bitnation thought it would be worth $7.95. DigitalCoinPrice’s WIF price prediction had it trade at $29.41 at the start of the next decade. 

Google BardAI Price Prediction for Dogwifhat (as of April 2)

Google’s Gemini platform gave the following price prediction for Dogwifhat on April 2. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve.

Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $1.75
  • Factors to Consider:
    • News and events: Positive news or developments could drive the price up, while negative news could cause a sell-off and price decrease.
    • Market sentiment: Overall investor confidence in the cryptocurrency market can impact individual coin prices.
    • Regulations: Government regulations or restrictions can also affect the price of cryptocurrencies.

Medium Term (Next 6 months)

  • Expected price: $3.50
  • Factors to Consider:
    • Market sentiment: Public perception and hype surrounding Dogwifhat and the broader cryptocurrency market can significantly impact its price.
    • Regulations: Changes in government regulations and policies can affect the entire cryptocurrency market, including Dogwifhat.
    • Technological advancements: Innovations in blockchain technology can impact Dogwifhat’s adoption and value.
    • Unexpected events: Unforeseen events like hacks or security breaches can drastically influence the price.

Long Term (Next 5 years)

  • Expected price: $7.50
  • Factors to Consider:
    • Market volatility: Cryptocurrency prices can fluctuate significantly in short periods, making long-term predictions challenging.
    • Unforeseen events: Unexpected events like regulatory changes, technological advancements, or economic crises can significantly impact cryptocurrency prices.
    • Speculation and hype: The cryptocurrency market is heavily influenced by speculation and hype, making it difficult to separate genuine value from market sentiment.

Recent Updates from Dogwifhat

Dogwifhat announced  that the AirDrop to all $WIF holders is officially happening.

After much anticipation, the AirDrop took place on Monday, March 4. All 46,000 WIF holders received 1,000 $FIW in their wallet. This means the company was going from 400 to almost 50,000 holders.

WIF Price History

Let’s now take a look at some of the highlights and lowlights of the Dogwifhat price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Dogwifhat price prediction. 

When WIF first came onto the open market in December 2023, it was worth around $0.1592. It pretty much hovered around that level for the next month or so, starting the new year at $0.1384.

Dogwifhat price history
Dogwifhat price in 2023 and 2024 | Credit: CoinMarketCap

WIF reached its all-time high of $4.8005 on March 31, before retracing to $3.84 on April 2, 2024.

At that time, there were 998.9 million WIF in circulation, representing the total supply. This gave the coin a market cap of about $3.83 billion, making it the 32nd largest crypto by that metric.

Dogwifhat Price Analysis

Dogwifhat Price Analysis
WIF could fall as low as $2.50

WIF embarked on a bullish trend starting at $0.067 on January 8, reaching a peak of $0.51 by January 18. This was followed by a retracement, settling at a higher bottom of $0.17 on February 7.

Subsequently, WIF went up again, eventually reaching a record high of $4.70 on March 31, which signifies a rise of more than 2,500% from the low in February. 

Since then, the price has dropped 23%, falling to $3.66 on April 2. This may be the end of the current bullish phase, with WIF now in a downward trend that could lead to further price drops.

From February 7, we saw a five-wave pattern, and now that it has been completed a corrective three-wave move should develop. Our first target is set at $3. However, should we see a lower high on the bounce, it could fall as low as $2.50.

Is Dogwifhat a Good Investment?

It is hard to say. Dogwifhat is a relatively new cryptocurrency, so it is still early to tell what its long-term potential is. There is a risk that it could fail to gain mainstream adoption, or that its price could crash

Dogwifhat has a relatively small market capitalization, which means that it is more susceptible to price manipulation. This means that a large purchase or sale of Dogwifhat could have a significant impact on its price.

Will Dogwifhat go up or down?

No one can really tell right now. While the Dogwifhat crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Dogwifhat?

Before you decide whether or not to invest in Dogwifhat, you will have to do your own research, not only on WIF, but on other, related, memecoins and tokens such. Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Who are the Founders of Dogwifhat?

The founders of Dogwifhat are anonymous, and there is no publicly available information about them. This is not uncommon for memecoins, as the creators often want to maintain their anonymity in order to avoid attracting unwanted attention from regulators or the media.

While the lack of transparency about the founders of Dogwifhat may raise some red flags for potential investors, it is important to note that this is not necessarily a sign that the project is illegitimate. There are many successful cryptocurrency projects that have anonymous founders, and there is no evidence to suggest that Dogwifhat is any different.

Fact Box

Supply and Distribution Figures
Total supply (as of April 2, 2024) 998,920,173
Circulating supply (as of April 2, 2024) 998,920,173 (100% of total supply)

Dogwifhat (WIF) Explained

Dogwifhat (WIF) is a cryptocurrency that was created in 2023. It is a decentralized memecoin that is based on the Doge meme. Dogwifhat is not backed by any real-world assets, and its value is based solely on speculation.

The WIF format is a way to store private keys for Dogwifhat wallets. A private key is a secret number that lets you access your Dogwifhat funds. You can use a WIF to import your private key into a Dogwifhat wallet or to export it to a secure location.

How Dogwifhat Works

Dogwifhat is a memecoin, which means that it is based on a popular internet meme. It is a decentralized cryptocurrency, which means that it is not controlled by any central authority. Instead, a community of users who own Dogwifhat tokens govern the network.

Dogwifhat uses the Binance Smart Chain (BSC) blockchain, which is a more scalable and energy-efficient alternative to the Ethereum blockchain. This makes Dogwifhat more suitable for everyday transactions.

The supply of Dogwifhat is capped at 100 billion tokens. This means that there is a finite amount of Dogwifhat that will ever be created. This can help to maintain the value of the coin over time.

WIF has a variety of uses. These include:

  • Payments: Dogwifhat can be used to buy goods and services online and in person. Some businesses are already accepting Dogwifhat as payment, and this number is expected to grow in the future.
  • Staking: WIF can be staked to earn rewards. Staking is the process of locking up your Dogwifhat tokens in order to support the network and earn rewards in return.
  • Governance: Dogwifhat holders can vote on proposals to change the way the network is governed. This gives Dogwifhat holders a say in the future of the project.

Dogwifhat Attention Tracker

Dogwifhat Google search volume
Dogwifhat Google search volume for the last 90 days. | Credit: Google
Here is a chart for the Dogwifhat Google search volume for the past 90 days. This represents how many times the term “Dogwifhat WIF” has been Googled over the previous 90 days.

FAQs

How many Dogwifhat coins are there?

On April 1, 2024, there were 998,920,173 WIF in circulation, representing the total supply.

Will Dogwifhat reach $10?

It could do, already next year. DigitalCoinPrice says it should be worth that in 2025.

What is Dogwifhat used for?

Dogwifhat serves as a means for online and in-person payments. Users can stake Dogwifhat to support the network and earn rewards. Additionally, Dogwifhat holders can participate in governance by voting on proposals that influence the project’s future direction.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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