Popular Solana-themed crypto and the progenitor of “wifhat”-themed memes, Dogwifhat, has gone up in value over the last 24 hours.

Registering an increase of over 3.5%, it now trades around the $0.60 level, and there is hope that the bullish sentiment could further push it upward.

Popular Solana-themed crypto and the progenitor of “wifhat”-themed memes, Dogwifhat, has seen an increase in value over the last 24 hours.

Registering an increase of over 3.5%, it now trades around the $0.60 level, and there is hope that the bullish sentiment could further push it upward.

But will that be the case for the Dogwifhat price, considering the token has a strong community but limited utility?

Dogwifhat is one of the key meme coins to have caught the tailwinds from the bullish market. A deeper analysis shows that the WIF price has gone up by close to 73% since last month.

Dogwifhat is currently the ninth-largest meme coin, with a market capitalization of just above $598 million.

Simple speculation and community drive are the core reasons behind the token’s growth. The most recent post by the official Dogwifhat social media handle on X could also be a reason for the recent uptick.

The post shows a dog wearing a MAGA hat, which could be a sign of the token’s narrative coalescing with Donald Trump’s bullishness on the cryptocurrency market.

The price chart shows that Dogwifhat is forming multiple bullish signs, such as higher lows along an ascending trendline. Furthermore, there was a significant surge in trading volume when the WIF price went from $0.35 to $0.75. Following that pump, the token seems to be consolidating in a controlled pullback, which is a bull flag pattern—indicating that the price trend may continue.

That said, the $0.66 level has acted as resistance several times, and there’s no reason to believe it won’t again. But if Dogwifhat crosses that threshold, it could move upward to retest its recent high of $0.75.

Given the current market conditions and the uptick in the cumulative market cap of meme coins—$55.3 billion at the time of writing—most predictions for the Dogwifhat price are bullish.

The Dogwifhat price could surge rapidly in the coming days if its intraday performance is maintained over the course of the next few months. While we have already mentioned that WIF is currently facing rejection around the $0.66 level, a bull flag pattern is still forming, which could lead to another major pump.

Therefore, it is possible that Dogwifhat will hit new highs by the end of the second quarter of 2025. It could potentially reach $1. Beyond that, Dogwifhat’s performance will depend on market conditions and how Bitcoin performs. If the BTC price reaches new highs, it may be possible for the WIF price to aim for its ATH level again.

Dogwifhat does not have any utility. The site it has is minimalistic, and only memes and community interest are driving its value. That said, those same factors could be the key to keeping its value afloat in the long term as well. People are holding the token in hopes of a parabolic increase, and since it is a meme coin, reaching new highs is possible.

Depending on how the community continues to perceive it—and whether another cute animal-themed meme coin arrives—our long-term forecast for Dogwifhat remains bullish. If Bitcoin reaches new highs, potentially crossing the $200K barrier, Dogwifhat, being a Solana-based meme coin, could also reach new highs.

Dogwifhat has been able to stay in conversation among meme coin investors due to the strong community support it continues to receive. However, there are other meme coins emerging that are tackling both virality and utility.

And among them, Solaxy has started to carve its own niche.

Another Solana-themed meme coin, Solaxy’s true value is derived from its strength as a utility token and as an L2 solution for the Solana blockchain.

Few projects are attempting to improve the current blockchain ecosystem, which is why Solaxy’s L2 solution continues to gain traction.

The fact that Solaxy isn’t just “talking” about utility but has actually provided tangible updates is also noteworthy.

The official website has revealed that the Solaxy blockchain explorer is already live, and its implementation of Celestia to enforce its L2 ecosystem, ZK Rollups to manage off-chain transactions, and Hyperlane to establish a seamless bridge has been noted as a bullish point for Solaxy by many analysts, including 99Bitcoins.

In one of its recent videos, popular crypto analyst 99Bitcoins noted that Solaxy raising over $33 million in presale is no small feat.

“Raising $33 million in the current market is no small feat,” the analyst said. “Solaxy is definitely doing something right.”

In addition to its utility, Solaxy is also big on memes, with its social media full of picturesque representations of some