Are you looking for new and popular memecoins to diversify your crypto portfolio? If so, you might want to consider dogwifhat (WIF), a Solana-based memecoin turning heads in 2024. In this dogwifhat price prediction, we explore the short and long-term price potential of this relatively new memecoin. Let’s find out if WIF has the legs to make it long.
Methodology
BeInCrypto has selected three of the best crypto exchanges for buying and trading WIF, after evaluating them across multiple factors, including liquidity, swap options, fees, and security standards. Here are the top picks and a few of the reasons they are highlighted:
Binance:
Gate.io
While this is just a tiny insight into the reasons these platforms are recommended, BeInCrypto’s process was extensive, and involved practical testing of each platform for a period of six months. Each platform fulfilled a range of criteria, including supporting WIF. If you are interested in learning more about BeInCrypto’s verification methodology, click here for additional insights.
- Where can you buy WIF before a possible breakout?
- Binance
- Gate.io
- KuCoin
- Dogwifhat (WIF) price prediction and fundamental analysis
- Dogwifhat (WIF) price prediction and technical analysis
- Dogwifhat (WIF) price prediction 2024
- Dogwifhat (WIF) price prediction 2025
- Dogwifhat (WIF) price prediction 2030
- Dogwifhat (WIF) price prediction: A look to the future
- Is Dogwifhat worth investing in?
- Frequently asked questions
Where can you buy WIF before a possible breakout?
If you’re betting on the speculative asset and looking to buy WIF before the token breaks out of the crucial resistance level of $2.51, here is a list of recommended exchanges that can facilitate transactions safely and securely. Remember that memecoins are a highly volatile asset class, and profits are never a certainty.
Binance
• Deep liquidity
• Earn plans
• Ideal for beginners
Gate.io
• An extensive collection of swappable coins
• Access to advanced trading features
• Frequent introduction of investment products for passive earning
KuCoin
• High liquidity
• Prompt customer support
• Earn plans
Below is a detailed list of all the available WIF markets:
Dogwifhat (WIF) price prediction and fundamental analysis
WIF is a Solana-based memecoin. Considering the ecosystem and growth of Solana, the fundamentals look strong. Also, if you are looking to buy Solana and searching for a memecoin that doesn’t have an exorbitant supply number, WIF could be a good option.
However, for WIF to reach the popularity of other top memecoins like SHIB and DOGE, it is important to view the fundamentals from an on-chain and network development perspective.
Here is the inspiration behind the WIF memecoin:
The price volatility of Solana-led WIF looks to be going down, which, in most cases, pushes the prices up.
Even in early February 2024, when WIF’s volatility dipped, the prices surged. Therefore, as a trader, you must keep an eye on this metric.
Did you know? The name “Dogwifhat” is a playful misspelling and contraction of “Dog With Hat,” reflecting the internet’s appreciation of quirky content.
Another metric to look for — off-chain this time — is the number of active social users.
Memecoins are community and social-sentiment-driven. In the case of WIF, the numbers steadily increased throughout February 2024, which eventually led to a significant surge.
“Every crypto layer-1 needs it’s killer app or hero use-case. Memecoins are the flavour of Crypto Spring & Solana is the L1 featuring the most happening meme coins.”
Krishna Hedge, co-founder of PYOR: X
Dogwifhat (WIF) price prediction and technical analysis
Before we delve into the long-term price projections, let’s look more closely at the short-term potential of WIF, particularly as we are already in a bullish market in Q1 2024. WIF has quickly achieved a sizable market cap of over $2.2 billion, another reason to consider the price action and associated technical analysis.
One instance where WIF exceeded expectations:
Short-term technical analysis
As WIF is a relatively new token, we will pull the four-hour chart instead of the daily chart. The price of WIF is currently trading inside a pennant, waiting to break out in any given direction — depending on the strength of the overall crypto market.
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The price chart, however, returns an interesting trend. If you look closely, the relative strength index (RSI) indicator is making a higher high, when compared to the lower high made by the price of WIF. This looks optimistic for the short-term price action. The fib retracement indicator projects a supposed level of $2.93 for WIF, provided it breaches the upper trendline of the pennant and also the crucial resistance level of $2.51.
Another take on the price levels:
Long-term technical analysis
We can now pull the daily chart of WIF to see if we can locate a price pattern of sorts. Here is the daily chart of WIF/USD from the house of Crypto.com. This was one of the first exchanges to list WIF, giving us some additional data points to work with.
The chart reveals three completed patterns — A-B-A1, A1-B1-A2, and A2-B2-A3. Our focus is to locate the next set of points — B3 and A4 to determine the dogwifhat price prediction levels for 2024 and beyond.
We shall now identify the moves between every two points across the mentioned patterns:
| A to B | -81.63% in 20 days |
| B to A1 | 692.32% in 10 days |
| A1 to B1 | -68.48% in 20 days |
| B1 to A2 | 1368% in 32 days |
| A2 to B2 | -28.60% in 2 days |
| B2 to A3 | 95.11% in 3 days |
Using the price levels, we can identify the average price hike and the average price surge associated with WIF.
The average price hike percentage for WIF is 718.48% in 15 days approx, and the average price dip % is 59.57% in 14 days approx. As WIF is a relatively new token, the timeframes are expected to change as the token starts trading more and matures within the crypto market.
Dogwifhat (WIF) price prediction 2024
Outlook: Bullish
Based on our average price percentages, we can expect WIF to form a low of $1.44 or B3 in 2024, dipping by almost 59.57%. The time frame might vary, but we are expecting this anywhere towards the end of May 2024, as the market could correct if Ethereum ETFs aren’t approved.
However, as the crypto market is still expected to be bullish in 2024, the 2024 price surge for WIF is expected to surface at $11.70, per the surge percentage of 718.48%. Even though this level is ambitious, it could happen if WIF and other memecoins associated with the Solana ecosystem continue to grow and gain popularity.
Projected ROI from the current level: 387%
Dogwifhat (WIF) price prediction 2025
Outlook: Moderately bullish
Even though we expect the price of WIF to surge in 2024, all thanks to the expected growth across the Solana ecosystem and a bullish crypto market, we can expect a price correction of 59.57% in early 2025, per our previous calculations.
This puts the 2025 dogwifhat (WIF) price prediction low at $4.76. However, the memecoin space might already be highly competitive by that time, meaning WIF might not explode as we expect it to in 2024. The price rise could be restricted to 95.11%, according to the data in the above table. This puts the expected WIF price prediction for 2025 at $9.29.
Projected ROI from the current level: 287%
Dogwifhat (WIF) price prediction 2030
Outlook: Bullish
We now have the 2025 low and the 2025 high for WIF. Using Fib retracement to extrapolate the projections until 2030, we can expect the price of WIF to reach as high as $127. Do note that these levels are speculative and subjective as WIF is a relatively new token. It would require years of trading history to sufficiently back these figures up.
Projected ROI from the current level: 5191%
Dogwifhat (WIF) price prediction: A look to the future
WIF needs to prove its price-specific stability at least till 2025 to qualify for BeInCrypto’s long-term price prediction. We also need to keep an eye on its changing market cap, circulating supply, and ecosystem updates in order to draw long-term projections.
Still, here is a table till 2030 to help you identify the key levels.
| Year | Maximum price of WIF | Minimum price of WIF |
| 2024 | $11.7 | $1.44 |
| 2025 | $9.29 | $4.76 |
| 2026 | $42.46 | $8.12 |
| 2027 | $63.07 | $11.48 |
| 2028 | $83.68 | $22 |
| 2029 | $104.30 | $18.20 |
| 2030 | $127 | $45 |
Is Dogwifhat worth investing in?
If you go solely by this dogwifhat price prediction piece, WIF tokens look to be a lucrative investment. To make a call, however, you should first assess the long-term potential of the token. As it is a new Solana blockchain-powered memecoin, the price of WIF will make several all-time highs and lows going forward. Note that this will be a way to stabilize the coin price further. So, while you should keep a quintessential DYOR strategy handy, do note that if Solana’s memecoin ecosystem grows, this dogwifhat price prediction has the potential to hold and yield decent results over time.
Frequently asked questions
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