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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