Billion

Solana-based meme coin <a href="https://www.newsbtc.com/news/dogwifhat-wif-sees-60-weekly-surge-but-analyst-warns-of-potential-retrace/" target="_blank" rel="noopener ">Dogwifhat </a>(WIF) has seen a significant price and market capitalization surge over the past two weeks, recording a 68% increase in value during this period. WIF reached $2.81 on Monday, marking its highest monthly valuation.&nbsp; 
The token’s market cap has also experienced significant growth, nearly doubling in just one month from $1.5 billion to its current market cap of $2.8 billion. Nevertheless, experts anticipate further growth in WIF’s market capitalization, potentially resulting in the token surpassing its previous all-time highs (ATHs). 
<h2 id="bullish-predictions-for-wif">Bullish Predictions For WIF</h2> 
After hitting an ATH of $4.83 on March 31, WIF underwent a sharp correction that lasted almost 4 months, dropping over 50% after hitting a <a href="https://www.newsbtc.com/news/solanas-dogwifhat-wif-skyrockets-1300-and-claims-forbes-best-performing-crypto-title/" target="_blank" rel="noopener ">year-low</a> of $1.48 in June. However, crypto analyst CryptoSmith says a move above the ATH is only a matter of time.&nbsp; 
In a recent <a href="https://x.com/CryptoSmith0x/status/1815320426047824289" rel="nofollow">post </a>on X (formerly Twitter), CryptoSmith forecasted a significant upward move for WIF in the coming months if the current uptrend persists, predicting that before the end of the year, specifically between October and November, WIF will achieve a market capitalization of $6 billion. CryptoSmith further contends, “$WIF will lead this ”meme coin super cycle” to Valhalla.” 
Analyzing the token’s market cap of $2.8 billion and its total supply of 998,926 WIF tokens, a $6 billion<a href="https://www.newsbtc.com/news/bonk-inu-bonk-skyrockets-10-dethroning-wif-as-solanas-largest-meme-coin/" target="_blank" rel="noopener "> market cap</a> predicted by CryptoSmith could send the token to new highs above the $6 mark. 
This would be a new milestone for the dog-themed meme coin, with the possibility of surpassing the 20th largest cryptocurrency on the market by market cap, UNI, which has a market valuation of $5.9 billion at the time of writing. 
<h2 id="potential-for-28-to-56-price-surge">Potential For $28 To $56 Price Surge</h2> 
Supporting the optimistic outlook, market expert “Enguin” on X <a href="https://x.com/penguin_curator/status/1815112665536286942" target="_blank" rel="noopener nofollow">highlights </a>the case for holding WIF and considers it a major player in the crypto space, with a market capitalization surpassing coins like Hedera’s HBAR, ATOM, VET and Optimism’s OP token.&nbsp; 
Furthermore, the expert believes three key factors contributing to WIF’s significance are its increased stability, increased liquidity through multiple exchange listings, and a “well-established” mindshare acting as an autonomous marketing force. Enguin further stated: 
<blockquote>
 Also as a fresh new CTO meme from The People’s Chain (Solana), there’s a strong narrative for it becoming the #1 dog coin for a new era of crypto users. I’m not married to this idea, but when you consider it a real possibility, a 10-20x from here is possible
</blockquote> 
According to the expert’s analysis, a potential 10x surge would take the token to a staggering valuation of $28 per token, while a 20x price surge could take WIF’s price as high as $56. “Depending on how crazy things get, it could go even higher,”&nbsp; Enguin stated.&nbsp; 
Interestingly, Enguin also predicts a notable growth in market capitalization, similar to CryptoSmith’s projection, believing that the <a href="https://www.newsbtc.com/news/is-dogwifhat-wif-down-for-the-count-price-tanks-15-on-whale-exodus/" target="_blank" rel="noopener ">meme coin</a> has “one of the best chances” to reach the top 10 largest cryptocurrencies by market capitalization, which would mean growth above the $17 billion mark, similar to Toncoin’s (TON) valuation as of this writing.&nbsp; 
<img loading="lazy" decoding="async" class="size-large" src="https://www.tradingview.com/x/ImizhDEH/" alt="WIF" width="1814" height="858"> 
Featured image from DALL-E, chart from TradingView.com

Dogwifhat (WIF)Tipped For Stardom: Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase

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