Famous Solana themed Crypto theme and the “WiFhat” progenitor -themed memes, dogwifhat, have reached the value in the last 24 hours. Registering an increase of more than 3.5%, is now trading at around $ 0.60 levels, and there is hope that bullish feelings can push it upwards.
But is this going to happen for the price of dogwifhat, considering the token has a strong community but a limited utility?
Dogwifhat price analysis as WIF registers massive monthly income
Dogwifhat is one of the main meme coins that caught tails from the bullish market. A deeper review shows that the wif price has climbed close to 73% since last month.
Dogwifhat is currently the ninth largest meme coin, with a market capitalization of over $ 598 million.
Simple speculation and community drive are the main factors behind the token growth. The latest post of DogWifhat social media officer on X's social media can also be the reason for recent raids.
The post shows a dog wearing a swelling hat, which could be a sign of a token narrative that interacts with Donald Trump's bullishness in the cryptocurrency market.
The price chart shows that dogwifhat develops many signs of bullish, such as higher lows along with an ascending trend. Moreover, there is a significant advances in trading volume when the WIF price comes from $ 0.35 to $ 0.75. Following that pump, the token seemed to be combined with a controlled pullback, which is a bull flag pattern – indicating that the price can continue.
That said, the $ 0.66 level has acted as a resistance several times, and there is no reason to believe it will never again. But if the dogwifhat crosses that threshold, it can move upward to review the recently -high $ 0.75.
Dogwifhat price predictions for short and long -term
Given the current market conditions and the combination of the combined -coin market cap – $ 55.3 billion at the time of writing – most predictions for dogwifhat prices are bullish.
Short price
The price of dogwifhat can quickly seize in the coming days if the intraday performance is maintained over the next month. As we have already mentioned that the wif is currently facing denial around $ 0.66 level, a bull flag pattern is still formed, which may lead to another major pump.
Therefore, it is possible that dogwifhat will hit new highs by the end of the second quarter of 2025. It can reach $ 1. Furthermore, Dogwifhat's performance depends on market conditions and how Bitcoin performs. If the price of BTC has reached new highs, it may be possible for the price of wif to aim for its ATH level.
Long term price
Dogwifhat does not have any utility. The site it has is minimalistic, and community memes and interests drive its value. That said, both factors can be the key to keeping it in the long run. People are holding the token to hope for a parabolic increase, and since it is a meme coin, it is possible to reach new highs.
Depending on how the community continues to see-and if another cute animal themed meme comes-our long-term forecasting for dogwifhat remains bullish. If Bitcoin reaches new highs, which potentially cross the $ 200k barrier, Dogwifhat, which is a Solana -based coin, can also reach new highs.
Can this meme coin challenge Dogwifhat's dominance?
Dogwifhat is able to continue talking to meme coin investors due to strong community support that is constantly being received. However, there are other coin memes that are emerging that hold both well -being and utility.
And to them, Solaxy began to engrave one's own niche.
Another Solana themed meme coin, the true value of Solaxy derives its strength as a utility token and as an L2 solution for Solana's blockchain.
Several projects attempt to improve the current blockchain ecosystem, which is why Solaxy's L2 solution continues to get traction.
The fact that Solaxy is not only “talking” about the utility but actually gave the tangible updates also noticeable.
The official website revealed that Solaxy Blockchain Explorer is already alive, and its implementation of Celestia to implement its L2 ecosystem, the ZK Rollups to manage off-chain transactions, and hyperlane to establish a seamless bridge is mentioned as a bullish point for Solaxy many analysts, including 99bitcoins.
In one of its recent videos, the popular crypto analyst of 99Bitcoins noted that Solaxy raised more than $ 33 million in presale has no small work.
“Raising $ 33 million in the current market is no small work,” the analyst said. “Solaxy is definitely doing right.”
In addition to its utility, Solaxy is also huge in memes, along with social media full of attractive representation of some of the largest intellectual figures of history as memes – even Pepe Einstein.
Final word
Dogwifhat saw a climb to the intraday charts and was trying to break its current resistance to the wick above the $ 0.75 mark. Provided market conditions, which seems to be a real possibility. While our short and long -term perspectives for wif are often bullish, utility lacks can damage opportunities for long -term growth.
Therefore, Solaxy appeared as a suitable choice to invest next to dogwifhat. Also a Solana-themed token, Solaxy is deeper in contact with the Solana ecosystem than Dogwifhat. It aims to provide the first L2 solution to the world for the Solana Blockchain, which activates more coin memes that come out of this ecosystem.
Moreover, the adoption of the high-end utility did not stop the project from displaying its own memes-making it a solid investment option for both short and long-term investors. Those interested in the project can pick up the Solaxy token by Presale by visiting the official website below.
It is advisable to follow Solaxy Socials, which regularly informs users about upcoming updates.
Visit Solaxy | Twitter | Telegram
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