DogWifHat (WIF) has had a great week so far.
Solana’s biggest dog coin has jumped another 12% in the past 24 hours and is now at $2.22.
With this kind of momentum, everyone’s asking: can WIF keep climbing and hit the $3 mark?
DogWifHat Experiences Bullish Run as Open Interest Soars
DogWifHat has been on a bullish run, with its price shooting up 60% since the start of September and 29% in just the past week.
This bullishness has pushed WIF’s market cap to $2.2 billion.
That makes it the fourth-largest meme coin in the world.
But it’s not just this positive price action catching everyone’s attention.
WIF’s trading volume has been rising, hitting $650 million in the past 24 hours.
That makes it the fifth most-traded joke coin on the market – behind NEIRO, SHIB, PEPE, and DOGE.
If you need more proof that traders are paying attention, Coinalyze data shows that open interest in WIF has jumped 18%, now at $309 million.
So, what’s behind all this positivity?
For starters, the overall crypto market is in a good spot, with Bitcoin trading around the $64,300 mark.
The recent interest rate cut from the Fed isn’t hurting either.
And let’s not forget about MOODENG – another viral meme coin that’s been prompting even more interest in the sector.
WIF Price Prediction – Can WIF Hit $3 Soon?
Where does WIF go from here?
The technical signs are pretty bullish.
WIF recently broke through key resistance around $2 and even retested it as support – a classic indicator that an uptrend is forming.
The token is also on track for its fourth straight bullish close and is approaching the 200-day exponential moving average (EMA).
That’s a key marker for the long-term trend.
If WIF can break above that EMA, the next logical target is its previous local high, around $2.90.
It might not sound huge, but that’s a 32% jump from where we are now.
And if the momentum keeps going, we might even see WIF make a run toward the $3.50 level.
Of course, predicting meme coin prices is tricky.
But given WIF’s current setup, hitting $3 soon definitely seems possible.
Trader Henrik Zeberg is going even bigger.
He thinks WIF could potentially rocket to a jaw-dropping $80 by the end of November.
That would be a 3,500%+ gain from today’s price.
New Meme Coin Crypto All-Stars Emerges with Innovative Staking App
While DogWifHat might be the meme coin of the moment, there’s another coin worth keeping an eye on – Crypto All-Stars (STARS).
Crypto All-Stars aims to disrupt the meme coin space with its new MemeVault feature.
It’s a staking protocol that lets holders of popular coins like DOGE and SHIB earn STARS tokens as rewards.
The presale for STARS has been an instant success.
It’s raised over $1.6 million so far by offering STARS tokens for just $0.0014652 each.
Clearly, the excitement is building around the MemeVault feature.
And since MemeVault is built on the ERC-1155 standard, it can handle tokens from different chains while still offering attractive rewards.
Especially for those already holding STARS since they can earn triple the usual rate.
Adding to Crypto All-Stars’ appeal is that both Coinsult and SolidProof have already audited the ecosystem.
These audits found no critical issues with Crypto All-Stars’ code.
And let’s not overlook the growing social media hype.
With over 15,800 Twitter followers, the project is beginning to generate some serious FOMO.
So, could it be the next meme coin to take off alongside DogWifHat?
Given its unique features and sizable community, there’s every chance it could.
As such, it’s a project that many are closely watching as we prepare to enter the year’s final quarter.
