Dogfwifhat (WIF), the fourth-largest meme coin by market cap, has had a noticeable price trajectory lately. Investors are eyeing its potential to overtake PEPE, the current third-place holder in the meme coin rankings.
Crypto analyst Murad believes WIF could reach double digits, but warns patience is key. Meanwhile, the crypto community watches closely as WIF’s trading volume and exchange listings become crucial factors in its race to flip PEPE.
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WIF Price Prediction
Crypto analyst Murad tweeted regarding WIF’s price trajectory. “I am a believer in $10 WIF, but I think it will require some patience,” Murad stated. This prediction suggests an upside potential for the meme coin, which currently trades well below the $10 mark.
However, Murad also cautioned that the market might focus on other opportunities in the short term. “I’m betting the PvP hot ball of money will be more inclined to pump the yet-unpumped for now,” he added. This observation indicates that investors may temporarily shift their attention to other tokens.
For those looking to enter or increase their WIF positions, Murad sees potential buying opportunities on the horizon. He noted, “I am a buyer if we will be blessed with sub $1.” This statement suggests that any price dips below the $1 threshold could present attractive entry points for investors.
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What Needs to Happen for WIF to Flip PEPE?
For WIF to overtake PEPE in market capitalization, several key developments need to occur. WIF requires a substantial increase in trading volume. A surge in trading activity and liquidity would support a higher valuation and market cap for the token.
Additionally, WIF’s price must climb to surpass PEPE’s market capitalization. At the time of writing, PEPE’s market cap stands at $3,807,578,558, while WIF’s is $1,749,206,517. To flip PEPE, WIF’s market cap would need to more than double its current value, a 2.8x move.
One crucial factor that could catalyze WIF’s growth is listing on major crypto exchanges. PEPE’s success was partly attributed to its availability on prominent trading platforms. Consequently, if WIF secures listings on top-tier exchanges, it could experience a similar surge in popularity and value.
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