Dogwifhat price prediction: another ATH on the way?

As Bitcoin hovers near its all-time high of $73k, crypto investors are witnessing a green run, especially in meme coins, including Dogwifhat (WIF). 

Launched in November 2023, the WIF token has appreciated almost 170x in price and currently standing at $2.636, at the time of writing.

WIF weekly chart, October 2024 | Source: Tradingview

In this article, we’ll discuss the Dogwifhat price prediction by giving you its short and price forecasts, and explore whether this meme coin can continue its bullish run.

What is Dogwifhat?

Inspired by a viral meme featuring the Shiba Inu dog wearing a hat, the Dogwifhat cryptocurrency quickly gained popularity right after its launch in November 2023. With a starting price of only $0.0015, it took only 3 months for the WIF token to reach the $2 mark in March 2024 after its listing on the popular centralized exchange known as Binance. 

The founders of this dog-based meme coin remain anonymous, leaving the governance and the coin’s future in the hands of its holders. And like many other meme coins, a real utility of this coin is absent, however, it is the community support and viral marketing campaigns that have continued to make this token a huge success so far.

Dogwifhat crypto price prediction

What is a realistic projection for the Dogwifhat token? Let’s examine the WIF price prediction for 2024 and beyond.

Dogwifhat coin price prediction: short-term outlook

According to CoinCodex’s Dogwifhat price expectation for the near future, the token is projected to rise by 240%, possibly hitting a new all-time high of $8.71 by Nov. 30, 2024.

Dogwifhat 50-day, 200-day simple moving averages, and 14-day relative strength index | Source: CoinCodex

As of Oct. 30, 2024, the overall sentiment of the Dogwifhat price forecast remains bullish, with 18 technical analysis indicators showing bullish signals, 1 indicating bearish trends, and 10 indicators showing neutral forecasts.

Dogwifhat price prediction 2024

According to DigitalCoinPrice the price of Dogwifhat could swing between an estimated range between $2.32 and $5.70 by the end of the year.

Drawing insights from investor sentiment, CoinCodex’s Dogwifhat price prediction for 2024 mentions the range of $2.59 and $12.28 which will be its all-time high as well. 

Based on the analysis of Dogwifhat’s prices over previous months, Coinpedia anticipates that in the last few months of 2024, the WIF token can range between $1.45 and $10.

Some of these predictions may not be accurate, as there are only two months left till the end of 2024, and such high prices like $10+ seem unlikely.

Dogwifhat price prediction 2025

Looking further ahead to 2025, Coincodex predicts that in 2025, the WIF token’s price could fluctuate between $4.42 and $10.45, and may likely hold a yearly average of $6.71.

CoinCodex projects that the WIF token can trade in the price channel of $5.59 and $6.67 in 2025.

According to Coinpedia’s analysis of WIF’s recent price trends, the coin is projected to have a minimum price of $4.56  and a maximum price of $16.56 in 2025.

Many crypto experts are expecting a bull market in 2025, and naturally, altcoins are expected to rocket in price. However, these are just speculations, and even if a bull market happens in 2025, the price of WIF will still need community support, market sentiments, and other factors to hit its predicted targets.

Dogwifhat price prediction 2030

As per CoinCodex’s Dogwifhat price prediction of 2030, WIF’s price could vary between $6.58 and $9.68.

DigitalCoinPrice expects that WIF’s price could climb to $17.54 or $19.50 by the end of 2030. 

Coinpedia predicts that by 2030, the WIF token could range between $29.26 and $59.55.

With 5 years left till 2030, any price speculations in 2024 can be highly inaccurate. This is because for a crypto project to survive 5 years is extremely rare. So, do your research before making the decision to buy and hold WIF, while expecting 10x price targets after 5 years.

How high can Dogwifhat go?

The future growth trajectory of Dogwifhat is heavily influenced by market trends, and especially Bitcoin’s performance. While the current sentiment of the crypto market is positive and may allow WIF to gain momentum to go to its all-time high, the long-term potential can be the complete opposite.

The WIF token needs to sustain and also grow its current following, which can happen with new partnerships, increased advertising, and adopting new blockchain advancements. It is also advised that you consult with cryptocurrency investment experts, and also identify your financial goals before investing in the volatile market of meme coins.