Keeping the trend of bringing whole new narratives to the meme coin niche, DogWifCat (DWIFC) has entered the Solana meme coin scene with its own style. Launched on Jupiter DEX and Raydium, this “wif”-driven meme coin has climbed the price charts very quickly.
This guide will cover how to buy DogWifCat (DWIFC) and explore the key features that may or may not differentiate it from other meme token offerings this year.
How to Buy DogWifCat?
DogWifCat has gone live on Jupiter DEX and Radium, and here is a quick guide to buy it.
- Step 1 – Get a Phantom wallet – Since DWIFC can only be bought for SOL, you require a Solana wallet. Download Phantom for mobile apps or desktops.
- Step 2 – Buy SOL – Go to a leading cryptocurrency exchange, like Binance, and buy SOL.
- Step 3 – Go to the official website – Visit the official website – dogwifcatcoin.io. Make sure that you are using the affiliate link to gain access to the site.
- Step 4 – Connect your wallet – Connect your wallet with the official website. Copy the token address given on the page.
- Step 5 – Buy DogWifCat – Click on the “Buy $DWIFC” link to go to the Jupiter DEX. Enter the token address to find DogWifCat. Enter the number of SOL and then make the swap.
What is DogWifCat?
One of the best meme coins to come out this year is dogwifhat. First of its kind, this meme coin surged rapidly to become the fourth biggest meme coin by market capitalization. With a current market cap of more than $2.3 billion, this token’s WIF narrative was an inspiration to multiple projects.
DogWifCat takes it to the next step. Rather than adding an object with the DOGE-based token, it uses another meme-worthy character, like a cat.
There are many cat-based meme coins in the market. For instance, Pop Cat is a leading meme coin with a market capitalization of $190 million. Another great example is the Mog Coin, which is the leading cat-based meme coin with a market cap of over $287 million.
By combining both of these concepts, DogWifCat is trying to tap into both genres. This may allow it to draw the attention of cat and dog lovers.
Who is DogWifCat? The official website has simply answered – in its own words – that it is a standard meme coin with a cat added to it.
Putting things even more simply, DogWifCat clearly states, “It’s simply a dog wif a cat attached to it, or vice versa”.
What Makes DogWifCat Unique?
What makes DogWifCat unique is how nonchalant it is about its attributes. The explainer about the token is a three-liner.
It doesn’t go into any future prospects of the project or how deep it is. To DogWifCat, it is the funny removal of any long-term fundamentals that makes it a unique asset.
This simplicity showcases its transparency, which is not quite common in the meme coin space. There have been many meme-based assets in the past that often use funny imagery to highlight an underlying utility (nonexistent) to make big promises.
However, DogWifCat has an honest vibe to it. It has a total supply of 1 billion, and all of them have been allotted to DEX. None of the tokens are with the team, and the project has not created a long-term roadmap.
This shows that the project is dynamic. With time, DogWifCat may gain more traction through its social media pages. That traction may bring more community members who may then take the reins of deciding the direction of this meme coin’s growth. This means that down the line, we might see many cases of use for this popular crypto.
Is DogWifCat a Good Investment?
DogWifCat is a short-term asset fit for day trading. Here are the reasons why we believe that it is a good investment.
It has a Unique Imagery
DogWifCat is putting forward unique imagery. Blending a dog with a cat necessarily means it is bringing two meme coin genres together. If it markets itself well, it can entice fans of both types of meme coins to expand.
Simple Utility
Another big positive about DogWifCat is its simplicity. It does not talk about having any utility, simply stating that it is a meme coin investment. No long-term staking perks have been added to the mix. It is looking for a short-term gain, and it is honest about it.
Timing of Token’s Release
Another big plus about DogWifCat is its release timing. Bitcoin’s surge has led to multiple meme coins pumping, and the more unique a meme coin is, the higher the chance it has of moving up on the price charts.
Under these conditions, DogWifCat is a good crypto to buy. Its unique imagery will foster more engagement, leading to more buyers arriving to pump its value.
Parabolic Price Action
Being a meme coin with limited fundamentals and an affordable price, DogWifCat can be subject to massive parabolic gains. Charts show that the token is climbing rapidly.
Experts like Eric Cryptoman have pointed out that DogWifCat could be the next BOME but without the presale.
Looks like $DWIFC could be the next $BOME but without the presalers
Liquid x's hit different. 7m liquidity on this & the whale buyers are relentless. https://t.co/0WI98Op7Du pic.twitter.com/ZFQs7a6mMZ
— Eric Cryptoman (@EricCryptoman) March 22, 2024
How to Buy DogWifCat – Complete Guide
Here is the complete guide to buy DogWifCat from Jupiter DEX via the official website.
Step 1 – Get a Phantom Wallet
DogWifCat is a Solana meme coin, which means you need a Solana wallet to store it. There are many wallets out there, but DogWifCat recommends using Phantom.
You can download the Phantom wallet from the app store if you are on mobile. Desktop users can download a Phantom wallet extension on Google Chrome.
Step 2 – Buy SOL
The next step is to buy SOL tokens. Many leading cryptocurrency exchanges have listed this token. However, we recommend Binance.
As one of the leading cryptocurrency exchanges, Binance has a good UI and a good fee model, allowing users to buy SOL quickly.
Step 3 – Go to the official website
Once you have enough SOL inside your wallet, you can go to the official website – dogwifcatcoin.io.
Make sure to use only the affiliate link. Multiple copycats have emerged already, many of which have created fake adverts to entice investors.
Step 4 – Connect your wallet
Once you are on the website, connect your Phantom wallet by clicking the “BUY $DWIFC” button. Once your wallet is connected, use the following address to find DWIFC on Jupiter DEX – wifhHP4nsNmhXJx9Rrq9NFiYShUTFAreM5LKHso5qXK
Step 5 – Buy DogWifCat
Once you enter the address, you will find the token. Enter the number of SOL tokens you want to exchange for DogWifCat. Make the swap, and you’ll complete the buying process.
DogWifCat Price Analysis
DogWifCat is a recently released meme coin, making it difficult for us to provide any long-term analysis for this project. However, within the first few hours of going live, the DWIFC price rose by more than 7000% and reached the $0.032 mark.
Meanwhile, the DexTools chart shows that investors are now showing more interest in buying DWIFC. If this momentum is sustained, DWIFC may recover and possibly retest its all-time high before the end of April, 2024. At press time, DWIFC has a market cap of $5.7 million. Also, its liquidity is currently above $3 million.
DogWifCat Price Prediction
Since the token was only recently released, it is not easy to determine its long-term price action. However, analyzing its trajectory can yield some predictions.
If the token finds strong support around the $0.02 mark, it can move up to test its $0.32 resistance to retest its all-time high. Doing so successfully will allow it to move up further to reach $0.040.
A good uptrend will be established if the token moves above the $0.05 mark (0.382 fibs), which can help it reach beyond the $0.067 mark.
However, a rejection at that level can push down the value of DWIFC.
DogWifCat Socials
To stay updated with DogWifCat’s progress, follow the links below:
Remember that devs won’t contact you first. Only use the links above to reach out to the DWIFC community.
The Verdict
DogWifCat is a new meme coin on the Solana network. Its fundamentals are few, but its upsides are high, given its unique imagery. Even though this token doesn’t necessarily present any long-term utility, it does have a good value for intra-day traders.
Currently available on Jupiter DEX and Raydium, DWIFC will likely receive more traction in the coming days. Those who want to participate in this project can go to dogwifcatcoin.io.
FAQs
What is DogWifCat?
DogWifCat is a meme coin presenting a unique imagery that blends Doge-based and cat-based tokens. Presenting users with a two-headed animal - one on either ends - DogWifCat is a limited-utility meme coin currently available on Jupiter DEX and Raydium.
How can I buy DogWifCat?
To buy DogWifCat, the first thing you need to do is get a Phantom wallet. Then, proceed to a leading crypto exchange like Binance to buy SOL. After buying SOL, the next thing you need to do is visit the official website of DogWifCat through the affiliate link provided in this guide and connect your Phantom wallet to buy the coin.
Is DogWifCat a good investment?
DogWifCat has good attributes for a meme coin. It has a funny imagery and has already gone through a parabolic price action. It indicates that this token is valuable to short-term traders. However, it is yet to reveal any long-term fundamentals. Therefore, our advice would be to do your own research before investing.
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