- The price of dogwifhat (WIF) rose more than 44% on Thursday to an all-time high of $3.36.
- WIF soars as the wider meme coin space reawakens.
- dogwifhat is soaring after a major marketing move that will see WIFs at the Las Vegas Sphere for a week.
dogwifhat (WIF) is the meme coin of the moment, given its massive gains in today’s intraday performance.
Dogecoin has surged 8% in the last 24 hours and is looking for new legs towards the $0.2 area. However, despite the rise of the top meme coin, its 24-hour performance is significantly lower compared to dogwifhat (WIF)’s +44%.
The Solana-based meme coin is among the top 50 cryptocurrencies by market capitalization after an impressive 747% rise last month. At the time of writing, WIF is trading around $3.26, just shy of the all-time high of $3.36 reached earlier in the day.
Why is dogwifehat soaring?
dogwifhat is gaining significant attention after a major marketing move to place WIF on the Las Vegas Sphere for a week.
On Wednesday, a crowdfunding initiative to display a beanie-sporting dog-faced mascot in Las Vegas reached its goal. The campaign raised more than $690,000, and the price of WIF began to soar in response to the breakthrough.
It passed the $3 hurdle today and could extend higher given the broader surge currently underway across the meme coin market. Tokens such as Pepe, Bonk, Myro, and Mog Coin have recorded significant gains in the last 24 hours.
Analyst forecasts for the WIF price suggest that upward momentum may be just beginning. With the price of dogwifhat falling below $3 on Wednesday, cryptocurrency investor Arthur Hayes famous The meme coin could go up to $10.
Raoul Pal, founder and CEO of Real Vision, also noted the huge benefits of WIF. that revealed His portfolio includes 2% of dogwifehat.