Dogwifhat (WIF), a meme coin based on Solana blockchain technology, is becoming a buzz among meme coins, with many expectations for its remarkable performance in 2025. Murad Mahmudov, a former analyst at Goldman Sachs, said that WIF is primed to be the most stunning out of all the meme coins in the next year. Mahmudov points to the coin’s dedicated community, which consists of holders with at least $1,000 in WIF. This group of investors is considered one of the most impactful and efficient in the meme coin market.
Dogwifhat has positioned with a market cap of $1.4Billion, ranking as Coinmarketcap trading at $1.48, a decrease of 2% over the past 24 hours. WIF is estimated to have upside potential tactical positioning in the Solana network. Mahmudov believes this position will provide WIF additional expansion opportunities, further solidifying its place in the meme coin hierarchy.
Murad has also highlighted WIF’s potential, predicting that the coin could reach $88 in a “supercycle” scenario. This prediction is based on WIF’s ability to achieve “escape velocity,” meaning it could continue growing without relying on external factors. Murad base case for WIF estimates a more conservative target of $10, but the firm acknowledges that the coin’s holder count, trading volumes, and social sentiment support a more optimistic outlook.
WIF is swiftly establishing itself as the new leader within the crowding meme coin category. Many expect it to overtake Dogecoin (DOGE), one of the most popular meme currencies. Mahmudov has even stated that this flipping seems likely to happen this year. WIF’s rapid growth and solid community backing make it one of the top candidates for dethroning Dogecoin.
Read CRYPTONEWSLAND on#Crypto #market declines by 55%, aligning with past cycles, while allocators find opportunities as #market…
Discover why #Qubetics is the standout #cryptocurrency for 2024. It offers unmatched scalability, feeless transactions,…
#Internet Computer sees a 4.96% rise as experts #predict a #bullish breakout while #investors watch…
# Buterin believes insurance #DAOs can offer fair and transparent #solutions to problems in #traditional…
Bitcoin surges in Q3 2024 as major altcoins, including Ethereum and Solana, face downturns. Ethereum…
#Altcoins surge after #US #Fed rate cut as #Fantom gains 11%, #Sui reads 25%, and…