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Is It Too Late to Buy Dogwifhat? WIF Aiming for $1, With Another Token on the Horizon
As the Solana blockchain’s latest meme coin success story, Dogwifhat (WIF) is continuing to rocket in price, and investors are asking “Is it too late to buy Dogwifhat?”.
Dogwifhat (WIF) is a new spin on the Shiba Inu-themed meme coin, featuring a Shiba Inu wearing a hat.
Last trading around $0.75 per token, its market cap is around $750 million, according to CoinMarketCap.
That’s nearly 50% of the market cap of Solana blockchain’s first meme coin success, Bonk (BONK).
Considering WIF only launched in mid-December, that’s a stunning rise to prominence.
And most of this rise has come this week.
Despite pulling back 17% from earlier session highs in the $0.90 area, the WIF price is currently up over 110% this week.
As WIF sets its sights on $1 per token, some will naturally be worried that it might be too late to buy Dogwifhat.
But at a market cap of still well under $1 billion, this meme coin potentially has a lot of room to rally.
Dogecoin and Shiba Inu, after all, managed to hit market cap highs in the $10s of billions in 2021.
And this bull market has all the makings of being even more explosive.
Dogwifhat could yet post 10x gains from current levels.
But for risk-tolerant investors hoping for a better chance of securing 10x gains, there is another token on the horizon.
Dog meme coins might be all the rage, but frog-themed Pepe Coin proved in 2023 that Frog meme coins also have a place.
That seems to be the motivation behind the creation of a recently launched coin called Frogwifhat (FWIF).
FWIF launched on Monday on Uniswap and immediately hit a market cap of $4 million within a few hours.
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