Dogwifhat (WIF), the biggest meme token on Solana and the first meme craze in the crypto industry, is still dominating both the news and the cryptocurrency world. This time, it was because of the cryptocurrency meme that portrays a really adorable Shiba Inu dog sporting a knit cap and has incredible price movement.
Since the week began, the price of WIF has essentially increased by more than 25% in less than two days. Consequently, the Dogwifhat token is now worth $3.75, about 30% less than its peak of $4.88. It appears that a new all-time high for the cutest meme cryptocurrency is just a matter of time, considering the rate at which WIF’s price may increase in a couple of days.
It’s interesting that, because to its phenomenal price rise, Dogwifhat token has broken into the top 30 largest cryptocurrencies by market capitalization, surpassing critically significant cryptocurrency projects like Cosmos (ATOM) and Arbitrum (ARB).
With a little over six months on its asset, WIF’s capitalization is at $3.72 billion. WIF is now the fourth-biggest cryptocurrency for memes, behind Pepe Coin (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB).
In the competition to become the best meme cryptocurrency, will the leading Solana meme token surpass its rivals, the dogs and frogs? We’re going to find out soon.
