Dogwifhat (WIF) is currently the second-best performing cryptocurrency in the weekly charts, behind only Shiba Inu (SHIB). The five best-performing cryptocurrencies over the last week are memecoins.
WIF is currently up by 28.4% in the daily charts, 200.9% in the weekly charts, 431.3% in the 14-day charts, and more than 786% over the previous month.
Also Read: Can Dogwifhat (WIF) Hit $5 in March 2024?
According to CryptoNews, Dogwifhat (WIF) could hit a maximum price of $5.25 this year, a rise of about 173.4% from current levels. However, the platform does not clarify which month WIF could breach the $5 mark. Furthermore, CryptoNews anticipates WIF to reach a maximum price of $7.25 in 2025. Hitting $7.25 from current levels would translate to a growth of about 277.6%.
Dogwifhat (WIF) price prediction for March 2024
Dogwifhat (WIF) hit an all-time high of $1.92 earlier today, rallying 6% in the hourly chart.
According to CoinCodex, WIF’s price could consolidate at around current prices in March. The platform anticipates the asset to trade between $1.47 and $1.73 for the rest of the month.
Also Read: DogWifHat (WIF) Investor Makes $5.2 Million in Less Than 20 Days.
Despite the recent rally, there is a possibility that WIF will face a correction soon. Other memecoins, such as Shiba Inu (SHIB), Floki (FLOKI), Pepe (PEPE), Bonk (BONK), and Dogecoin (DOGE), have faced steep corrections in the daily charts. SHIB is down by 13.3% in the last 24 hours, while DOGE is down by 9.7% in the same time frame. On the other hand, FLOKI and BONK are down by 5.2% and 5%, respectively.
The correction could be due to investors being cautious before the Federal Reserve’s meeting and the upcoming CPI (Consumer Price Index) numbers. However, the crypto market may pick up steam later in the month, fuelled by Bitcoin’s (BTC) halving event in April.