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See the live Dogwifhat price UK. Buy Dogwifhat in the UK or add it to your Crypto Strategy.
WIF GBP price chart / performance
WIF GBP price chart / performance
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.
Strategies with WIF
Returns
Returns
Return (24h)
-0.02%
Return (7D)
-30.47%
Return (1M)
-40.54%
Return (1Y)
N/A
My Investment
My Investment
Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%
Dogwifhat (WIF) History and Overview
Dogwifhat (WIF) History and Overview
Dogwifhat (WIF) is a meme coin that has rapidly ascended in the cryptocurrency market, specifically built on the Solana blockchain. It was launched on 20 November 2023. The token features the emblematic image of a Shiba Inu puppy adorned with a pink hat, embodying the lighthearted spirit of meme coins.
Tokenomics and Market Performance: WIF operates under a simple tokenomic structure with a fixed supply of 998.9 million tokens, and there are no provisions for token creation beyond this cap. This setup aligns with traditional scarcity-driven value appreciation models, similar to that of Bitcoin. As of 19 March 2024, dogwifhat achieved a remarkable market capitalization of over US$2.9 billion, showcasing a significant price surge of 153,196%.
Community and Cultural Impact: The essence of dogwifhat's value lies in its vibrant community support and the cultural phenomena it inspires, rather than conventional utility or technological innovation. It's a token celebrated by its community for its meme appeal and simplicity. The community's enthusiasm has even led to notable events such as the projection of the dogwifhat logo on the Las Vegas Sphere and the launch of related initiatives like catwifhat and a high-value NFT sale.
Utility and Functionality: Dogwifhat is designed as a pure meme coin with no underlying utility or complex functionalities. It does not support staking, token burning, or DeFi applications, which are common in other cryptocurrencies. Its appeal is primarily driven by community engagement and speculative trading, rooted in the lighthearted and whimsical nature of its theme.
Market Dynamics and Speculation: While dogwifhat has shown exponential growth in its market value, potential investors should note the speculative nature of meme coins. They are highly volatile and subject to rapid changes in market sentiment. The success of such tokens often hinges on timing and the sustained interest of their respective communities.
Community Initiatives and Expansion: The dogwifhat community is not just about trading and price speculation; it also fosters a broader cultural engagement. Initiatives such as the release of related NFTs and the expansion into derivative projects like catwifhat demonstrate the coin's influence beyond mere financial speculation. These activities help maintain the coin's visibility and relevance in the crowded meme coin market. As dogwifhat continues to evolve, the direction it takes could set precedents for how meme coins leverage community involvement and cultural phenomena to sustain interest and value in the long term.
Dogwifhat exemplifies the trend of meme coins that capitalize on community spirit and internet culture. Its market performance and the enthusiasm of its followers highlight the potential for significant engagement and speculative interest. However, as with all investments in high-volatility assets like meme coins, potential investors should approach with caution and consider the inherently unpredictable nature of such assets.
How To Buy Dogwifhat or Add it to your Strategy
The fastest, most convenient way to purchase Dogwifhat is to purchase it on ICONOMI. We check Dogwifhat live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Dogwifhat by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Dogwifhat is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Dogwifhat, we recommend you read the next section, as copying might be a better approach.
Add Dogwifhat to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Dogwifhat in their structure.
Posts
Here you can read and comment on all posts made by Strategists about Dogwifhat WIF. See all Dogwifhat GBP price predictions in real time and make the best use of their crypto knowledge.
TitaniumStrategy
9 Dec, 2024
EDUCATION TIME📚
As they say "there is no gains without brains", we strive to educate OUR COMMUNITY about the latest and hottest topics.
Today's Topic to Cover: MEMECOIN SUPERCYCLE🔥
We have been talking about that phenomenon for some time and to fully understand, below is detailed explanation with interesting facts👇 Enjoy it🔥
What is a Memecoin Supercycle?🚨
A memecoin supercycle is an extended period in which meme coin prices rocket higher amid a wave of frenzied speculation and hype. A defining feature of the memecoin supercycle is that prices almost universally go up across the meme coin sector. Gains are not limited to major tokens like Dogecoin or Shiba Inu but rather extend to lesser-known meme coins and newly launched coins.During a supercycle, prices for popular meme coins can rise 10x-100x, while newer tokens with smaller market caps can explode 1,000x or more.A memecoin supercycle can happen at the same time as a crypto bull market, but a bull market is not a prerequisite for a supercycle.
History of Previous Memecoin Supercycles🚨
2017-2018
The first memecoin supercycle coincided with Bitcoin's early popularity. Dogecoin’s price skyrocketed from $0.0002 to $0.122—a staggering 61,000% rise—marking its first billion-dollar market cap. The cycle ended in 2019, with $DOGE holding a 10x higher baseline value.
2020-2021
During the pandemic, $DOGE surged 29,500%, hitting $0.7376, while Shiba Inu exploded 173,000x. New tokens like $FLOKI joined the boom before the market cooled in late 2021.
2023-2024
The latest cycle began in late 2023 with Solana-based tokens like $WIF gaining dominance, alongside significant gains from established meme coins like $DOGE and $PEPE.
Key Signs That a Memecoin Supercycle Has Begun🚨
- Parabolic Meme Coin Price Movements
- Meme Coins Outperforming The Crypto Market
- Rapid Increase in Number of New Meme Coins
- Extremely High Trading Volumes
Is It a Memecoin Supercycle Now?🚨
The memecoin market may already be in a supercycle. Over the past 30 days, meme coin market value has surged by 20%, reaching $60 billion, with $DOGE up 51%, far outpacing Bitcoin's 12% growth. Trading volumes have similarly exploded, with $DOGE alone exceeding $4 billion by late October. New meme coins like Pepe Unchained are also gaining traction, raising $23 million. Analysts highlight similarities to the 2020-2021 memecoin rally, suggesting $DOGE could spark another explosive cycle. Signs point to a strong upward momentum in the mem
6 people like this
Future Chain Index
8 Dec, 2024
More and more people will understand that cultishness is the biggest driver of value!
2 people like this
Shiba will be delisted from some platforms be aware of a drop coming 13dec
Future Chain Index
5 Dec, 2024
Bitcoin has just hit a new all-time high, but if you think the bull run is over, think again!
In past cycles, market tops were signaled by the 1-month RSI (Relative Strength Index) reaching an overbought level of 90 or higher. Currently, the RSI is at 77, suggesting there’s still significant room for growth.
Moreover, many major altcoins and memecoins like Doge and Shiba haven’t even reached new all-time highs yet, though BNB just hit its milestone yesterday.
This means we’re still early! Hold strong—2025 is when the real fun happens! 🚀
2 people like this
I use the month RSI as well. As macro as you can get. Clever mate.
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@LexinvestCrypto thx for the heads-up!