Is Dogwifhat Price Going to $10? Arthur Hayes Thinks So

Dogwifhat (WIF), a viral Solana-based memecoin, could potentially rise to $10, according to predictions from former BitMEX CEO and Maelstrom chief investment officer Arthur Hayes.

Is WIF price $10?

Dogwifhat's price rose to an all-time high of $3 on March 14. But according to a March 14 post on X (formerly Twitter), Hayes thinks there would be no problem tripling its value:

“The hat stays on while I count to $10.”

WIF/USDT, 1-month chart. Source: Arthur Hayes, X

Memecoin hit an all-time high after fans raised over $700,000 to advertise the token logo in the Las Vegas sphere. WIF's price jumped 25% immediately after the crowdfunding effort was announced.

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Dogwifhat increased by over 39% in the 24 hours until 13:52. It will trade at $3.13 as the 45th largest token by market cap at UTC, according to CoinMarketCap data. Memecoin is up 79% on the weekly chart.

WIF/USDT, 1-hour chart, Source: CoinMarketCap Memecoins' biggest rally

According to CoinMarketCap data, the total market value of memecoins increased by over 7% in the last 24 hours to 63.2 billion dollars, while the trade volume increased by 69.3% to 15.3 billion dollars.

Other popular memecoins also witnessed double-digit weekly increases. In the past week, Floki has gained over 111%, PEPE has gained 46%, and Dogecoin (DOGE) has gained over 17%, making it the largest memecoin by market cap.

American multinational investment firm Franklin Templeton published an investor note on memecoins on March 14 that increased investors' appetite for memecoins, stating that memecoins are "natural