DogWifHat Price Prediction as 500% Pump Shocks Market – Next Crypto Unicorn?
A surge in Solana blockchain-based meme coin DogWifHat’s (WIF) price in recent days has shocked the market, with some claiming the token could be the next crypto unicorn.
The DogWifHat price reached a new all-time high in the $53s earlier on Thursday, pushing its market cap at the time above $530 million.
A crypto unicorn is defined as a token with a market cap of above $1 billion.
As per CoinMarketCap, there are currently 66 cryptocurrencies/crypto tokens that fall in the unicorn category.
If the DogWifHat price can reach a price of $1.00108099429, it will hit the $1 billion mark.
That’s owing to its supply current and total supply of 998920173 tokens.
The DogWifHat price has since pulled back from its earlier session highs.
WIF was last changing hands just under $0.38, with its market cap last just under $380 million.
Despite the meme coin’s 30% pullback from intra-day highs, its recent gains have shocked the market.
The DogWifHat price is still up a stunning 500% (or around 6x) from its lows last week around $0.065.
What’s impressive is that the DogWifHat price has been pumping despite recent underperformance of the SOL and BONK prices.
SOL, the ticker of the Solana token that powers the Solana blockchain, is down over 6% this year.
BONK, the ticker of the largest Solana-based meme coin called Bonk!, is down just over 7% this year.
Whilst Bonk! maintains the mantle of being the largest Solana-based meme coin with a market cap of more than $800 million, DogWifHat is quickly catching up.
So, can DogWifHat claim the crown of being the largest Solana-based meme coin?
And can it become the next crypto unicorn in the process?
Despite only launching on the 20th of December, DogWifHat has been able to build a substantial fanbase.
Its
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