Dogwifhat Hits $4.61 Peak, Becomes Third Largest Meme Coin

The Solana-based meme coin Dogwifhat has experienced a significant surge, achieving third place in market capitalization among all meme coins, overtaking Pepe. The Dogwifhat ($WIF) coin's market capitalization reached $4 billion, marking a 65% increase in just seven days. This growth comes amidst the Federal Reserve's decision to maintain interest rates at 5%. Dogwifhat's price reached a new peak of $4.61, continuing its rally with a 17% increase on the last reported day. The coin's remarkable performance has led to comparisons with major competitors such as SHIB and DOGE, with predictions of its market cap potentially reaching the $10-100 billion range. Despite the broader market's challenges, including Bitcoin's downturn, Dogwifhat has managed to outperform, with its value now exceeding that of the blockchain platform Arbitrum. The coin's success has sparked discussions about its potential to achieve new all-time highs, with some speculating a price target of $10 and others considering even higher milestones. Notably, Dogwifhat's market cap has broken into the top 30 most valuable tokens.