- Dogwifhat recently hit a new all-time high after community raised funds to promote token logo in Las Vegas, causing price spike of 25%
- According to Arthur Hayes, former CEO of BitMEX, Dogwifhat price could potentially rise to $10, tripling its current price
- Memecoin market is surging with total market cap up 7% in 24 hrs and trading volume increasing 693%, while Dogecoin and other memecoins see double-digit weekly gains
The price of the viral memecoin Dogwifhat (WIF) could potentially rise to $10 according to a bold prediction made by Arthur Hayes, former CEO of BitMEX. Hayes believes the coin has ample room to triple its current price.
Dogwifhat Hits New All-Time High
Dogwifhat recently hit a new all-time high above $3 after its community raised over $700,000 to advertise the token’s logo on the Las Vegas sphere. Immediately after the crowdfunding effort was announced, WIF’s price spiked 25%.
In the 24 hours leading up to 1:52 pm UTC on March 14th, Dogwifhat gained over 39% to trade at $3.13. According to CoinMarketCap data, it is currently the 45th largest token by market capitalization. On the weekly chart, the memecoin is up 79%.
Memecoin Market Soars
The total market capitalization for memecoins has risen over 7% in the past 24 hours to $632 billion. Trading volume has also surged, increasing 693% to $153 billion based on CoinMarketCap data.
Other popular memecoins like Floki and Pepe have also seen double-digit weekly gains. As the largest memecoin, Dogecoin has gained over 17% during this period.
Investor enthusiasm for these tokens is being fuelled in part by a recent investor note published b
