Dogwifhat (WIF) is a prominent meme cryptocurrency operating on the Solana blockchain, symbolized by a dog wearing a distinctive hat. This article provides a detailed overview of its current market performance, historical data, and essential insights for potential investors and enthusiasts.
Current Market Overview
As of the latest update, the live Dogwifhat price is $0.80130**, reflecting a slight decrease of **-0.22%** over the past 24 hours. With a circulating supply of **998,926,392 WIF** (100% of the total supply), its market capitalization stands at approximately **$801 million, ranking it 61st among global cryptocurrencies.
Key Metrics:
- All-Time High (ATH): $4.8200 (reached on November 14, 2024, UTC+8)
- All-Time Low (ATL): $0.30410 (recorded on April 7, 2025, UTC+8)
- Circulating Supply: 998,926,392 WIF
- Maximum Supply: 998,926,392 WIF
Historical Performance Analysis
Dogwifhat has experienced significant volatility since its inception. The token’s ATH represents a staggering decline of -83.38% from its peak, while its current price sits +163.49% above its ATL. These fluctuations highlight the inherent risks and opportunities associated with meme cryptocurrencies, which often correlate with broader market sentiment and social trends.
Market Sentiment and Community Insights
Community engagement plays a vital role in the valuation of meme coins like WIF. Social media platforms and crypto forums frequently discuss its potential, with some analysts pointing to its resilience during market downturns. For instance, during recent bearish phases, WIF demonstrated relative stability compared to larger cryptocurrencies, suggesting strong holder confidence.
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Understanding Dogwifhat (WIF)
Dogwifhat emerged as a fun, community-driven project on the Solana network, leveraging the popularity of animal-themed memes. Unlike traditional cryptocurrencies, its value is heavily influenced by social momentum, online virality, and trader speculation.
Technology and Security
The project underwent a security audit by CertiK on September 26, 2022 (UTC+8), ensuring a baseline level of smart contract reliability. However, investors should note that meme coins generally carry higher risks due to their speculative nature and lower utility focus.
How to Track Dogwifhat Prices
Monitoring real-time price movements is crucial for traders. Dedicated cryptocurrency exchanges and tracking platforms offer live charts, order books, and historical data to help users make informed decisions. Always verify information across multiple sources to avoid inaccuracies.
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Frequently Asked Questions
What is Dogwifhat (WIF)?
Dogwifhat is a meme-based cryptocurrency on the Solana blockchain, featuring a dog with a hat as its mascot. It thrives on community support and social media trends rather than fundamental utility.
How can I buy Dogwifhat?
WIF is available on various cryptocurrency exchanges. Users can trade it against major pairs like WIF/USD or WIF/USDT after creating an account on a supported platform and completing necessary verification steps.
Why is Dogwifhat popular?
Its popularity stems from viral memes, active online communities, and the broader cultural trend of leveraging humor and relatability in crypto projects. However, this also makes it highly volatile.
Is Dogwifhat a good investment?
Like all meme coins, WIF is speculative and high-risk. While it has shown periods of growth, its price is heavily influenced by market sentiment. Always conduct thorough research and consider your risk tolerance before investing.
What factors influence Dogwifhat’s price?
Social media trends, influencer endorsements, overall crypto market conditions, and updates within the Solana ecosystem can all impact WIF’s value.
Can Dogwifhat be mined?
No, WIF has a fixed supply and cannot be mined. All tokens were issued at launch, with no further mining or staking mechanisms.
Note: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and high-risk. Always consult a financial advisor and conduct independent research before making investment decisions. Past performance is not indicative of future results.