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The newest Solana-based meme coin has become a hot topic on DEXTools after surging over 2000% in the first 24 hours since its launch.
Let’s quickly review the overall crypto market. In the last 24 hours, Bitcoin has shown a positive trend, surging 3.8% to reach $66,000. While Bitcoin has experienced recent gains, it’s worth noting that it’s still down 8.3% over the past week.
Now, let’s shift our focus to this unique meme coin on Solana that holds the potential for significant growth, possibly reaching a 100x or even higher return.
DogWifCat price analysis
Apart from bitcoin reaching new record highs, the biggest talk in crypto is about Solana’s rapid rise. First, we saw $BONK and then $WIF, followed by newcomers like $SMOG, $BOME, and $SLERF.
All these meme coins together show how strong and valuable the Solana blockchain is. Now, here comes DogWifCat, which is already skyrocketing less than 2 days after it started. Everyone in the crypto world knows about the Wif-hat trend and its many versions.
DogWifCat is doing things differently by ditching the hat and opting for a rhyming cat instead. It has a catchy name, which matters a lot in the viral world of meme coins. DogWifCat’s price is $0.024 at press time, with a massive 530% increase in the past 24 hours.
From nowhere, DogWifCat has shot up to a market capitalization of $20.15 million and a trading volume of $41.19 million since its launch on March 20th. Large investors will also like that there’s plenty of liquidity, with $6.22 million available for big transactions.
Eric Cryptoman suggests that DogWifCat could follow in the footsteps of $BOME but without presales.
https://twitter.com/EricCryptoman/status/1770980851112632339?s=20
DogWifCat has a total of 1 billion tokens available. Prospective buyers will be pleased to know that DogWifCat has quickly gained 3,800 token holders, according to DEXTools data.
Considering the ongoing craze for meme coins and the growing interest in Solana, buying DogWifCat could be a good investment decision as it has the potential of hitting a market cap of $500 million or even more.
DogWifCat – The next big Solana-based meme coin?
You can purchase $DWIFC on Jupiter or Raydium decentralized exchanges by trading SOL using Solana or a Solana-based token. At this moment in the market, it might be a good idea to cash in profits from other successful Solana tokens like $BONK, $MYRO, $BOME, and $SLERF, and invest some of those profits into $DWIFC.
As stated on the DogWifCat website: “Lots of coin, funny meme, plus cat. DogWifCat equals great investment.” In simpler terms, investing in this dog-cat combination could lead to significant profits.
It’s hard to predict which meme coins will bring substantial returns, but insiders suggest that savvy investors are backing this one. One such investor made a $102,000 purchase, as shared on their Telegram account.
$DWIFC is simply a dog with a cat attached, or vice versa. But it’s this straightforward concept that could propel this coin to become the next big meme sensation.
This is the ideal moment for $DWIFC to shine, and it doesn’t need any special gimmicks to continue its remarkable growth. DogWifCat is on a completely different trajectory as its price keeps rising, showing no signs of slowing down.
While it may seem like “just a dog with a cat,” $DWIFC could be the top trade you make in crypto today. The bull market is just beginning, and meme coins, especially Solana variations, are leading the way.
Meme coins, particularly those on Solana, are here to stay. DogWifCat seems to have the right mix of humor and appeal to keep traders interested and coming back for more. For those seeking the top altcoin investment opportunities in 2024, explore our comprehensive guide featuring the most noteworthy choices.
Alternative investment opportunity Solana-based meme coin
The demand for new Solana meme coins, such as $SMOG, remains high. Despite fluctuations, Smog experienced a 20% rebound on Thursday, reaching $0.20, with a market capitalization of $157 million.
Launched on Jupiter Exchange at $0.0014 on February 7th, $SMOG surged to an all-time high of $0.38 within weeks, marking an impressive 27042.9% rally.
Analysts predict $SMOG to be the next Solana meme coin to reach $1 billion, driven by anticipation for its “greatest airdrop of all time,” targeting over 10,000 token holders. Season 1 for $SMOG begins on April 3rd, 2024, sparking an 18% price increase to $0.22, with expectations of $1 million in airdrop rewards.
Season 2 aims to enhance $SMOG’s visibility through the #SmogSwap hashtag and new community questlines. Allocating 35% of tokens for airdrops and bridging to Ethereum boosts $SMOG’s appeal, reinforced by support from key figures and active engagement on-chain.
With over 2.5 million quests completed, $SMOG’s multi-chain presence on Ethereum and Solana adds excitement for the airdrop. Interested investors can obtain $SMOG with SOL or ETH, register on Zealy for the airdrop, and stake ETH for a 42% APY on $SMOG holdings.
To become a part of this exciting new project, purchase $SMOG tokens here.
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