- Dogwifhat (WIF) surges 35.5% in 24 hours, up 190.9% over the past month.
- Bitcoin climbs to $104,000 amid market-wide rally, eyeing a potential new all-time high.
- WIF needs a 63.93% gain to hit $2, with CoinCodex projecting it could reach $4.17 by June 9.
The crypto market’s on fire right now, and Dogwifhat (WIF) is definitely feeling it. This memecoin’s been one of the best performers lately – surging by 35.5% in the last 24 hours alone. And get this: over the past week, it’s up 126.4%. Zoom out a bit more, and it’s up 86.9% in the last two weeks, and a whopping 190.9% in the past month. That’s some wild growth.
But before getting too carried away, it’s good to remember that WIF is still down about 59.4% since May 2024. So, while it’s definitely on the up, it’s got a long way to go before reclaiming its former glory. The next target? Breaching that elusive $2 mark.
Market-Wide Crypto Surge
It’s not just WIF that’s seeing green. The whole crypto market is in rally mode, and Bitcoin’s leading the charge – climbing to around $104,000 and even nudging the $105,000 mark. There’s a lot of chatter about it possibly setting a new all-time high soon.
A big part of the hype? Institutional money flooding in. BlackRock alone just bought billions worth of BTC, which definitely helped boost sentiment. Plus, the world’s largest asset manager is about to sit down with the SEC for a crypto roundtable, adding even more buzz to the scene.
Can WIF Hit $2?
To reach the $2 mark, WIF needs to climb another 63.93%. It’s not impossible, especially given the current momentum. For context, the memecoin hit an all-time high of $4.83 back in March last year, but since then, it’s tumbled 75.3%.
According to CoinCodex, the rally could keep going. They predict WIF will break the $2 threshold by May 26, and if the bullish trend continues, it might even trade at $4.17 by June 9. Pretty ambitious, but given the market vibes right now, who knows?
