Solana Puppy, as the young memcoin mined on this blockchain is jokingly called, is gaining more and more support among the cryptocurrency community. As dogwifcoin (WIF) has reached its new ATH, Arthur Hayes wonders how high the token can go on his price chart.
Today, WIF's price jumped to $3.44, marking a new record high,
Its market capitalization overtook another memcoin, FLOKI, making it the 4th largest token of its kind,
Arthur Hayes expects the dogwifcoin price rally to continue and the token to rise to $10.
The price of dogwifcoin (WIF) continues to rise
The price rally of dogwifcoin, which has crept into mainstream memecoin in a very short time, continues. In the last 24 hours, its price has risen 57% from yesterday's bottom on the chart to reach a new all-time record of $3.44 today.
This young memcoin (which only appeared in the cryptocurrency world at the end of November 2023) has very quickly gathered an impressive group of investors and a loyal community around it.
Its market value currently stands at $3.3 billion, which puts it in fourth place among the memcoins with the largest market capitalization. Today, Puppy overtook the Floki token, which currently has a market value of $2.74 billion.
As for the community of believers, yesterday we told you that over $672,000 was raised to rent a billboard in Las Vegas to introduce dogwifcoin to a wider audience.
Arthur Hayes thinks the WIF exchange rate will rise to $10
At some point, the dynamic midnight movements on the chart of this memecoin caught the attention of the former CEO of the BitMEX exchange, namely Arthur Hayes. The entrepreneur has been closely following the developments around WIF for several weeks now and is very positive about its future.
After the WIF exchange rate surpassed the $3 mark today, Hayes was tempted to make a rather bold prediction, according to which this memcoin should rise in price even up to $10.
It is worth considering that this respected trader has already expressed optimism about the course of this project. In early March, he wrote that the dogwifcoin rate would jump to $2, and on March 6, this prediction became a reality.