Global #Dogwifhat

According to a prominent crypto influencer on X, there's a possibility that the popular Solana memecoin DogWifHat ($WIF) could drop significantly to $1 from its current price of $3.17.

Following the market recovery between May 3 and 4, memecoins once again stole the spotlight. As expected, dogwifhat [WIF] led the pack with a 20.58% increase over 24 hours. Dogecoin (DOGE) also saw a rise of 13.80%, while Pepe (PEPE) experienced a 12.93% increase.

Dogwifhat [WIF], a memecoin based in Solana, has had a double-digit price drop in the previous 24 hours alone.

Dogwifhat, a memecoin centered in Solana, may take some time to reach $5. No other memecoin in the top 50 has surpassed the token during the last three months.

The DogWifHat price has recovered to $2.56, and WIF has gained 1% today. Over the last day, the cryptocurrency market has been stable overall.

The price of Dogwifhat (WIF), which reached a $4 billion market cap last month, is now drastically declining.

Although Shiba Inu (SHIB) is the second-largest meme coin available, dogwifhat (WIF) poses a serious threat to it in one area. Does this suggest that SHIB will continue to decline on the daily chart, or is a recovery more likely?

With a larger market valuation than PEPE, Dogwifhat (WIF) is currently the largest memecoin in Solana. It is still not as good as DOGE and SHIB, though. Its worth has increased recently, as seen. Its 7-day RSI has somewhat dropped at the same time. There may be additional price growth given this combination.

There is a notable increase in the value of meme coins in the cryptocurrency market, with Dogwifhat, Floki, and Bonk experiencing substantial gains.