Recent weeks have seen Solana meme coin markets explode into a hot-bed of skyrockets and moon-shots, and as traders scramble to find the newest meme coin, DogWifCat (DWIFC) has emerged – aiming to de-throne best Solana meme coin DogWifHat (WIF).
Slamming up to #1 on DEXTools list of hot tokens, DogWifCat has gained instant market traction, with traders rallying to the projects in the hopes of reliving legendary Solana meme coin launch DogWifHat (WIF) – which exploded in recent weeks to hit a jaw-dropping multi-billion dollar market cap.
DogWifCat’s CA is: wifhHP4nsNmhXJx9Rrq9NFiYShUTFAreM5LKHso5qXK
(WIF)
Hopes of a skyrocket are high, if excellently named DogWifCat can capture just 10% of DogWifHat’s market cap, investors would see a whopping 20x return from current DWIFC price levels – an unignorable opportunity.
DogWifCat Price Analysis: How High Can Newest Meme Coin DWIFC Price Climb As Investors Snipe Best Solana Meme Coin
As price action mounts bullish consolidation of major opening gains, DogWifCat is currently trading at a market price of $0.012 (representing a 24-hour change of +2,857%).
This comes after the newest meme coin launched at just 17:00 on March 20, in a slow initial start, that saw limited traction snowball into strong support at around $0.003 this morning.
Around 4AM UTC on March 21, a surge of volume flooded into the chart, and this triggered a snow-ball rally up +554% to hit an all-time high of around $0.019.
In the hours since a minor localized retracement has taken hold, presenting a brilliant entry point for new investors, as despite the reel away from the all-time high, DWIFC remains in a strong bullish pennant pattern – signaling further upside movements on the horizon.
Furthermore, a growing liquidity pool hints at the scale of developer’s ambitions for the project, with liquidity already sitting a staggering $4.95m – suggesting this project could be aiming at a 9-figure market cap above $100m.
For this reason, DWIFC’s medium market cap at $13m still represents a decent entry point- remember WIF currently stands over $2Bn – suggesting DogWifCat still offers early-bird opportunity for traders.
This sentiment clearly isn’t lost on the market, with buy pressure remaining dominant over transactions – representing around 61% of ongoing trades.
The Bottom Line: Solana Meme Coins Still Offer Great Opportunities
What is Dogwifcat, we promise everything is fine we didn't fuck up.$DWIFC pic.twitter.com/DmbaUgrBfp
— DogWifCat (@DWIFConSol) March 21, 2024
With such a bullish outlook for the newest meme coin like DogWifCat on the near-term horizon, it pays dividends to be tuned into the latest project news and updates to ensure your finger is on the pulse of the market.
For this reason, prudent traders and pundits alike are taking position to monitor the unfolding DogWifCat skyrocket, by following the DWIFC X account and joining the DWIFC Telegram channel.
In order to buy DogWifCat token, retail investors simply need to buy Solana (SOL) on any major exchange and transfer it to a popular Solana wallet such as Phantom.
From there, all investors need to do is connect their wallet to either Raydium or Jupiter DEX and swap SOL for DWIFC – it’s really that simple.
Explore: SOL Breaks $200: Why Solana is Exploding Now Compared to Rest of the Crypto Market
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
