Dogwifhat price headed to $10?
Dogwifhat (WIF), a viral Solana-based memecoin, could potentially surge to the $10 mark, according to predictions from Arthur Hayes, former CEO of BitMEX CEO and current chief investment officer at Maelstrom.
WIF price to $10?
The price of Dogwifhat surged to an all-time high of $3 on March 14.
The memecoin reached a new all-time high after its fans raised over $700,000 to advertise the token’s logo on the Las Vegas sphere. WIF’s price rose 25% immediately after the crowdfunding effort was announced.
Top memecoins rally
The total market capitalization of memecoins rose over 7% in the past 24 hours to $63.2 billion, while trading volume rose 69.3% to $15.3 billion, according to CoinMarketCap data.
Other popular memecoins also witnessed double-digit weekly gains. Floki rallied over 111% during the past week, Pepe rose 46%, and Dogecoin gained over 17% as the largest memecoin by market capitalization.Bolstering investor appetite for memecoins, American multinational investment firm Franklin Templeton published an investor note on memecoins on March 14, noting that while memecoins “have no inherent value or utility,” they could potentially make for fast gains.
The firm noted that memecoins have lower fees compared wit bigger cryptocurrencies and bring the potential for quick profits but come with high price volatility.
