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Dogwifhat Price Prediction 2024: What is WIF?

Last Updated January 19, 2024 2:13 PM
Giuseppe Ciccomascolo
Last Updated January 19, 2024 2:13 PM

Key Takeaways

  • Dogfiwhat debuted on the market in mid-December 2023.
  • It reached an all-time high of $0.53 recently.
  • Can it grow further?
  • One Dogwifhat price prediction says it can reach $1.39 next year.

The Solana-based meme coin, Dogwifhat (WIF), recently reached an all-time high, surpassing $0.53. Its performance includes a 100% increase in the past week and a 700% rise from January 8 to January 18.

This surge is attributed in part to Binance’s support, as the platform launched WIF/USDT perpetual contracts, alongside BitMEX’s perpetual swap contract WIF/USDT. Currently valued at approximately $427 million, WIF sits just outside the top 130 cryptocurrencies, with PancakeSwap (CAKE) holding the 100th position and a market cap of $707 million.

Having only hit the market at the beginning of December, Dogwifhat (WIF) piggybacked off the success of its older sibling Bonk to become Solana’s second $100 million market cap meme token. Like Bonk, despite rallying more than 30% on Tuesday, January 9, WIF’s market valuation remains much lower than its earlier high.

Dogwifhat did not immediately respond to a request for comment

On January 19, 2024, WIF was worth about $0.3675.

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 January 19, 2024.

Dogwifhat Coin Price Prediction 

With that all out of the way, let’s look at some of the Dogwifhat price predictions being made as of January 19, 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 $0.81 $0.95 $2.77
Prediction #2 $0.2798 $0.4079 $2.54
Prediction #3 $1.02 $1.39 $3.22

First, CoinCodex  said things would get better in its short-term Dogfiwhat price prediction. It said the coin would climb to $0.372960 on January 24 and continue rising to $ 0.395353 on February 18. The site’s technical analysis was, however, neither bearish nor bullish, as it shows 51 Neutral indicators. 

Dogwifhat Price Prediction for 2024

DigitalCoinPrice  said Dogfiwhat should trade at $0.81 this year. PricePrediction.net  had it coming in at $0.2798. Meanwhile, Bitnation  thought WIF could reach $1.02 in 2024.

Dogwifhat Price Prediction for 2025

DigitalCoinPrice argued Dogfiwhat would get to $0.95 in 2025. PricePrediction.net thought it would stand at $0.4079 then. Bitnation said WIF would be worth $1.39 next year. 

Dogwifhat Price Prediction for 2030

Moving forward to a long-term Dogfiwhat price prediction, PricePrediction.net said it would get to $2.54 in 2030. Bitnation thought it would be worth $3.22. DigitalCoinPrice’s WIF price prediction had it trade at $2.77 at the start of the next decade. 

Google BardAI Price Prediction for Dogwifhat (as of January 19)

Google’s BardAI platform gave the following price prediction for Dogwifhat on January 19. Please remember that price predictions are very often wrong and that artificial intelligence should not be trusted. 

Short-Term (3-6 months):

  • Potential Low: $0.000015
  • Potential High: $0.000020

Reasons:

  • The overall cryptocurrency market: If the overall cryptocurrency market continues to grow, this could be a positive catalyst for Dogwifhat’s price.
  • The development of Dogwifhat’s ecosystem: If Dogwifhat continues to develop its ecosystem and attract new users, this could also drive up the price of the token.
  • The level of adoption by businesses and institutions: If more businesses and institutions start to adopt Dogwifhat, this could also lead to an increase in demand for the token and a higher price.

Medium-Term (1-2 years):

  • Potential Low: $0.0832
  • Potential High: $0.2285

Reasons:

  • The overall cryptocurrency market: The price of Dogwifhat will be highly correlated with the overall cryptocurrency market. If the cryptocurrency market is bullish, Dogwifhat is likely to see price appreciation.
  • The development of the Dogwifhat ecosystem: If the Dogwifhat team continues to develop new features and products, the cryptocurrency is more likely to attract new users and see price appreciation.
  • The adoption of Dogwifhat by businesses and institutions: If businesses and institutions start to adopt Dogwifhat, the cryptocurrency is more likely to see price appreciation.

Long-Term (5+ years):

  • Potential Low: $0.544172
  • Potential High: $4.759864

Reasons:

  • The adoption of cryptocurrency: If more people adopt cryptocurrency, the demand for Dogwifhat could increase, which could drive up the price.
  • The development of the Dogwifhat ecosystem: If the Dogwifhat ecosystem continues to develop, it could attract more users and businesses, which could also drive up the price.
  • The regulatory environment: If governments become more favorable towards cryptocurrency, it could create a more favorable environment for Dogwifhat, which could also drive up the price.

Additional points:

  • Do your own research and understand the cryptocurrency market and the risks involved.
  • Invest only what you can afford to lose.
  • Be prepared to hold your investment for a long period of time.

It added: “Please note that these are just a few factors that could affect the price of Dogwifhat in the future. There are many other factors that could also play a role.”

WIF Price History

Let’s now take a look at some of the highlights and lowlights of the Dogfiwhat 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 Fantom 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.

Dogfiwhat price history
Dogfiwhat doubled since its launch in December 2023 | Credit: CoinMarketCap

WIF reached its all-time high of $04162 on Thursday, January 18, before slipping back to under $0.40. On Friday, January 19, it was worth $0.3448.

At that time, there were 998,920,173 million WIF in circulation out of a total supply of 998,920,173 million. This gave the coin a market cap of about $387.7 million, making it the 133rd largest crypto by that metric.  

Is Dogfiwhat 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 Dogfiwhat go up or down?

No one can really tell right now. While the Dogfiwhat 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 Dofiwhat?

Before you decide whether or not to invest in Dogfiwhat, 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 Dogfiwhat?

The founders of Dogwifhat are anonymous, and there is no publicly available information about them. This is not uncommon for meme coins, 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.

Who Owns the Most Dogfiwhat (WIF)?

On January 19, 2024, a wallet linked to Dogfiwhat held around 80.8 million WIF.

Richest WIF Wallet Addresses

As of January 19, 2024, the five wallets with the most Dogfiwhat were

  • 4kT3EXc5dDVndUU9mV6EH3Jh3CSEvpcCZjuMkwqrtxUy. This wallet held 80,776,884 WIF, or 8.09% of the supply.
  • AjT9TsNFXd6EHv2SqDjhDaf4igcAwq6EF21pCxk6XEaK. This wallet held 22,685,897 WIF, or 2.27% of the supply.
  • GhY1k7AXtvoLx6GF9RBCtn3jLSvHBQthN81TDwFt2tsc. This wallet held 19,861,242 WIF, or 1.99% of the supply.
  • BHt6seizxiRxhZvxrGhVQaRrmFscpi1b42hDXEdQ8sc7. This wallet held 14,451,014 WIF, ot 1.45 of the supply.
  • 8TGUDLeRyzWyfrXLkAvCadWw5EKJwnPCYNinazav76v3. This wallet held 13,342,627 WIF, or 1.33% of the supply.

Fact Box

Supply and Distribution Figures
Total supply (as of January 19, 2024) 998,920,173
Circulating supply (as of January 19, 2024) 998,920,173 (100% of total supply)
Holder distribution Top 10 holders owned 33% of total supply, as of January 9, 2024.

Dogfiwhat (WIF) Explained

Dogwifhat (WIF) is a cryptocurrency that was created in 2023. It is a decentralized meme coin 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 is used to 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 Dogfiwhat Works

Dogwifhat is a meme coin, 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, it is governed by a community of users who own Dogwifhat tokens.

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.

Dogwifhat has a variety of uses, including:

  • 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: Dogwifhat 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.

Dogfiwhat Attention Tracker

When looking for Dogfiwhat Google search volume for the past 90 days, Google Trends says “There is insufficient data related to your search to be shown here.” 

FAQs

How many Dogfiwhat coins are there?

On January 19, 2024, there were 998,920,173 WIF in circulation, representing the total supply.

Will Dogfiwhat reach $1?

It could do, but not for a while. DigitalCoinPrice says it should be worth that in 2026. Bitnation says it can get there by the end of 2024. 

What is Dogfiwhat 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.

Further reading

Kaspa Price Prediction 2024: What is KAS?

Bitcoin Price Prediction 2024: What is BTC?

Ethereum Price Prediction 2024: What is ETH?

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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