Dogwifhat ($WIF ) recently surpassed a $1.08B market capitalization following strong momentum within its community. Trading at $1.087 (+6.3% in 24h), it showcases an active daily volume of $390–550M across major exchanges like Bybit, OKX, Gate, and Binance . Its fixed supply of ~998.9M tokens and simple meme-driven tokenomics underscore its community-first value proposition .
The token has gone viral with the Shiba Inu sporting a pink knitted hat, aided by continuous exchange listings that boosted accessibility and retail inflows . Technically, WIF has broken past $1 and is currently retesting support, with bullish indicators like RSI at 60–70 and strong volume-to-market-cap ratio (~0.58) .
Strategies: Traders might enter between $1.00–$1.05 targeting $1.20–$1.30 with stop-loss under $0.95. Holders could enter at $1.05–$1.10 aiming for $1.50+, though the token's long-term narrative hinges on community sustainment. Given its meme nature, WIF lacks institutional backing and carries significant downside if hype fades.
Discussion prompt: Are you bullish on WIF’s meme engine, or wary of a retest below $1?
⚠️ Not financial advice. DYOR & manage risk.
