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dogwifhat

dogwifhat Performance

Live wif Price

₹264.77

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0.13%

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₹0.34

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0.13%

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₹257.56

24h High

₹270.59

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What is Dogwifhat (WIF)?

Dogwifhat (WIF) is a meme coin based on the Solana blockchain that has created a huge roar in the crypto space amid a growing demand for meme coins. The meme coin is inspired by popular Shiba Inu dog breed cryptos such as DOGE and SHIB. Dogwifhat’s native token WIF is used to facilitate all transactions on the network, governance, and reward network participants.

Who founded Dogwifhat (WIF)?

The founder of the Dogwifhat (WIF) token is an anonymous developer/developers.

Primary features of Dogwifhat (WIF)

• WIF token: WIF powers the Dogwifhat platform, with utilities such as transactions, governance, and community engagement.

• Strong community support: Keeping up with the trend of several other meme coins, Dogwifhat (WIF) is backed by a strong and engaging community, driving its popularity and adoption both on social media and in the crypto space. 

• Meme-inspired: Dogwifhat (WIF) belongs to the meme-inspired cryptos, particularly the Shiba Inu dog breed-inspired meme coins. Its mascot is a Shiba Inu puppy wearing a pink beanie hat. 

• Decentralized network: The Dogwifhat platform is a fully decentralized platform allowing users to participate in governance and decision-making.

Is WIF a promising cryptocurrency?

WIF is a relatively new meme coin that entered the crypto market in late 2023. The token has caused quite a roar in the crypto market since its launch and has managed to maintain a decent momentum. As of September 2024, the token ranks at the top #16 in the overall crypto market’s trading volume, showcasing increasing investor interaction with the meme coin. In just a few months, WIF is the top 4 meme coin with a market cap of $2,263,295,552. If WIF manages to keep up this momentum, the token is poised for a further uptrend. As per technical analysis, the WIF price is estimated to be around $15.62 by 2030.

Download the CoinSwitch app to invest in WIF.

How do I use WIF?

• WIF can be exchanged, bought, and sold from crypto exchanges. 

• WIF is used to facilitate all on-chain transactions.

• The token is also used for network governance, and to reward participants.

Pros & Cons of Dogwifhat (WIF)

Pros

• WIF, being a meme coin, has a strong community backing, driving its engagement and adoption.

• The token belongs to the popular Shiba Inu dog breed-inspired meme coins. 

• WIF token holders can participate in governance and other community engagements on the platform.

Cons

• WIF is subject to extreme price fluctuations, driven by market sentiment. 

• WIF has to compete with already established market giants like meme coins such as DOGE and SHIB.

• Being a new meme coin, WIF has minimal real-world use cases.

How to trade in Dogwifhat (WIF) on CoinSwitch?

• To trade in WIF on CoinSwitch, download the app.

• You can start with as low as ₹100.

• With CoinSwitch, users can trade in over 200+ cryptos with just a nominal trading fee.

Dogwifhat (WIF) ICO summary

Unlike other meme coins, Dogwifhat (WIF) did not hold an Initial Coin Offering (ICO). In truly meme coin fashion, the token debuted directly on crypto exchanges via a direct listing approach. The Dogwifhat community and the larger crypto market community determined the price of the token on its listing. 

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FAQ's on dogwifhat

1. What is the Dogwifhat (WIF) coin?

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Dogwifhat (WIF) is a meme coin built on the Solana blockchain, inspired by a viral meme featuring a Shiba Inu wearing a distinctive hat. Launched as part of a community-driven project, Dogwifhat emphasizes its lighthearted nature and lacks inherent utility; its creator describes it as “literally just a dog wif a hat”. As a speculative asset, WIF taps into the broader meme coin trend, similar to Dogecoin (DOGE), and aims to build an organic social media community.

2. How does Dogwifhat (WIF) cryptocurrency work?

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Dogwifhat (WIF) operates as a meme coin on the Solana blockchain, primarily driven by community involvement and social media activity. Its value is largely speculative, relying on the enthusiasm and engagement of its community rather than any inherent utility. The coin’s development emphasizes fair distribution to enable widespread participation. Traders often engage in speculative trading, seeking profits from price fluctuations, which has led to some notable success stories within the community.

3. Is Dogwifhat (WIF) safe?

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Dogwifhat (WIF) is considered to be a high-risk investment, typical of many meme coins. While some analyses suggest it has become one of the safer memecoins due to a strong community and speculative interest, it is still subject to significant volatility and potential market manipulation. The lack of inherent utility and reliance on hype can pose risks, making it crucial for investors to conduct thorough research before engaging.

4. Is Dogwifhat (WIF) a good investment?

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Dogwifhat (WIF) has garnered attention as a meme coin with the potential for high returns, largely driven by community interest and market speculation. Some analysts consider it one of the safer meme coins currently, suggesting it has solid fundamentals and may benefit from the ongoing meme coin supercycle. However, its lack of intrinsic utility and reliance on hype make it a speculative investment. Current price predictions indicate a possible surge, with targets reaching as high as $10 by the end of 2024, though significant volatility remains a concern.

Highlight

Dogwifhat (WIF) is a relatively new meme coin that began as a joke and engaging community token, with its value driven by community interest and speculation.

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Dogwifhat Price Statistics

WIF Price Today

WIF Price

₹264.77

Price Change 24h

percent_change_icon

0.13%

Price Change 7d

percent_change_icon

14.81%

Market Rank

#53

Market Cap

₹26,203 Cr.

Trade Vol 24h

₹4,495 Cr

Circulating Supply

₹100 Cr. WIF

Trading Activity

88% Buy12% Sell

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