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Is $5 Incoming for Dogwifhat as the Top Solana Meme Coin Continues to Grow

dogwifhat

The post Is $5 Incoming for Dogwifhat as the Top Solana Meme Coin Continues to Grow appeared first on Coinpedia Fintech News

Dogwifhat’s rise has been nothing short of spectacular. Originally dismissed by many as a joke when it launched late last year, this meme coin has defied all expectations. It quickly gained a place in the top 10 meme coins and hit a market cap of $4.5 billion in March 2024. Its recent performance has been exceptional, attracting attention from traders and analysts as it has risen almost 50% in a month. Meanwhile, the new Solana meme coin, Sealana, has shown that meme coin mania is far from over. With its presale raising over $3 million already, it’s poised to become a significant player in the Solana ecosystem.

Dogwifhat Up 35% in a Week Traders Eye $5 Mark 

Dogwifhat ($WIF) has surged by over 35% in the last seven days, drawing intense interest from the crypto community. This increase is part of a broader trend that has seen the meme coin rise significantly over the past month. 

The past week alone has witnessed an impressive jump in Dogwifhat’s price, bringing its market cap close to the $4 billion mark. Such impressive gains have led many to speculate that Dogwifhat could soon reach the coveted $5 psychological threshold.

coin-market-cap-chart

Launched in late 2023 on DEXs for $0.000001366, Dogwifhat skyrocketed to $0.0352 by the end of the year, marking an astonishing 23 million per cent increase. 

By March 2024, it had passed the $4 mark, providing early investors with massive returns. During these highs, the market cap reached as high as $4.5 billion at points. 

It rapidly solidified its position in the top 5 meme coins by market cap, racing past more established tokens like FLOKI and PEPE. Although April saw the token struggle with severe price volatility, May has brought a resurgence, with the token up nearly 50%.

Last night, the token broke past $4, showing that this token’s meteoric rise is far from over. While it has corrected to slightly below $3.83 again, investors are optimistic about the token possibly reaching $5 soon. 

While it’s hard to pinpoint why any meme coin succeeds, several factors have contributed to Dogwifhat’s popularity. Based on an internet meme of a Shiba Inu dog wearing a pink-knitted hat, it’s attracted legions of Doge fans with its fun, quirky nature.

Its website pokes fun at meme coins with lofty ambitions and buzzword-loaded language, saying, “WIF IS LITERALLY JUST A DOG WIF A HAT.” This no-nonsense attitude has helped it distinguish itself from other meme coins. 

Meanwhile, a new Solana meme coin called SEAL is catching attention as its presale raises over $3m, raising hopes it could be the next BOME or SLERF.

Is this the Next Big Solanan Meme Coin? Sealana Meme Coin Presale Soars Past $3 Million

Sealana ($SEAL), another rising star in the meme coin universe, is making headlines with its presale success and straightforward attitude. 

The coin has surpassed the $3 million mark in its presale phase, indicating strong investor interest and confidence in its potential. 

Built on the Solana blockchain, Sealana aims to distinguish itself in a crowded market by leveraging the platform’s high-speed transactions and low fees. The project follows a MAGA-loving, overweight seal looking to ape his way out of his mum’s basement. 

The presale launched less than a month ago with a simple straight-to-wallet format that has seen projects like Slerf and Slothana enjoy huge success. Interested parties could send SOL to the address provided and exchange 1 $SOL for 6,900 $SEAL. Since then, the token has introduced a widget for convenience, and traders can now net SEAL at a price of $0.022.

As Sealana continues to gain traction, its performance will be closely watched by both the crypto community and potential investors. The significant capital raised during the presale phase provides a strong foundation for future growth. If Sealana can maintain this momentum, it could become a major player in the meme coin market.

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