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Home CRYPTO

Analysts Predict Dogwifhat Could Hit $3 Following Bitcoin Surge: Here is Why

Michael Juanico by Michael Juanico
May 22, 2025
in CRYPTO, FINANCE, MEMECOINS, OPINION
Reading Time: 3 mins read
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  • Dogwifhat (WIF) surged 168% this month, riding Bitcoin’s breakout to a new all-time high.
  • BTC’s rally, boosted by over $3B in BlackRock buys, has reignited investor confidence across the market.
  • WIF could dip to $0.37 or push toward $3 if Bitcoin stays hot and the Fed cuts rates.

The crypto scene’s on fire right now. On May 22, Bitcoin (BTC) hit a brand new all-time high of $111,544, dragging the whole market up with it. The global crypto market cap? It jumped 2.6%, now sitting around $3.63 trillion. And yep—memecoins are riding the wave too. One in particular? Dogwifhat (WIF), which has been absolutely pumping.

Bitcoin Btc Price Chart

WIF shot up 21.1% in just the last 24 hours, 8% over the past week, 86.4% in two weeks, and a mind-blowing 168% for the month. Wild stuff. But just to ground things a bit—WIF is still down roughly 59% from where it was in late May last year. So, yeah… a comeback, but not without some scars.

WIF Catches Fire After Bitcoin’s Institutional Boost

So, what’s behind the memecoin mania? A lot of it seems tied to Bitcoin’s big breakout. BTC’s rally has been fueled largely by institutional buys—and we’re not talking small fries here. BlackRock alone has scooped up over $3 billion worth of BTC since May 2. That kind of movement tends to wake people up.

And the macro backdrop isn’t hurting either. There’s some buzz around the GENIUS stablecoin regulation act, which just cleared a big hurdle. Even White House crypto/AI advisor David Sacks chimed in, claiming stablecoins could unlock trillions for the U.S. treasury. Confidence is running high—and assets like WIF are soaking up that bullish energy.

Could WIF Hit $3? Maybe… Maybe Not.

Now, let’s talk price targets. According to CoinCodex, WIF might not keep flying forever. They’re predicting a dip to around $0.37 by June 11, which—brace yourself—would be a 67.9% correction. Definitely not the scenario holders wanna hear, but hey, it’s crypto. Swings happen.

Dogwifhat Wif Price Chart

Still, there’s another path. If Bitcoin keeps climbing, there’s a real shot WIF could reclaim the $3 level in the coming weeks. Add in the chance of a Fed rate cut, and things could get even weirder. Lower rates usually spark more risk-on behavior, and memecoins? They’re basically the definition of that.

Bottom line: WIF’s in a sweet spot right now, but whether it holds or flips depends on the bigger market moves—and maybe just a little bit of memecoin magic.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBTCcryptoDogwifhatMemecoinWIF
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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