The new meme coin project DogWifCa (DWIFC) based on Solana reached record levels on its first day of trading, shaking up the market with an almost 15,000% increase. The meme coin, with a trading volume of over tens of millions of dollars, has a total market value of 12 million.
Becoming a trending project on Dextools, DogWifCat surpassed $40 million in trading volume over the last 24 hours. With a market cap of 12 million, DWIFC made it to the top of the list of popular Solana-based meme coins.
Let’s take a look at the details of DogWifCat, a meme coin project that experienced a significant rise in the last 12 months, explore what you need to know to buy DogWifCat tokens, and see if DWIFC can dethrone Dogecoin.
What is DogWifCat? Why is DWIFC So Popular?
Besides being built on a leading blockchain such as Solana, the DogWifCat token is following in the footsteps of the DogWifHat (WIF) meme coin project, providing advantages to the DWIFC token.
DWIFC features a logo that depicts a cat and a dog together. The cleverly designed logo gained attention, and the project seems to have caught the interest of investors with its performance in the first 24 hours.
DogWifCat (DWIFC), a contender for dethroning Dogecoin in the short, medium, and long term for investors seeking to make a profit, is also appealing to those interested in purchasing DogWifCat tokens due to the movements of whales.
Analyses indicate that a whale made a massive purchase worth $102,000. This event, followed by the whales, encourages small investors intending to purchase DWIFC tokens.
DogWifCat Ranks 4th Among the Most Popular Meme Coins
DogWifCat, a Solana-based meme coin, entered the list of the most popular meme coins at 4th place. Alongside other popular meme coin projects of today, such as SLERF, BOME, and MOLE, DogWifCat becomes one of the most talked-about cryptocurrencies of the day.
With only 1 billion tokens in circulation, DogWifCat is traded on the Jupiter and Raydium exchanges. According to Dextools data, the total supply of tokens in circulation has a liquidity of $4.45 billion. Gate DeFi X also posted about DogWifCat tokens.
At the time of writing, there are nearly 4,000 DogWifCat token holders. DWIFC, making it to the top 5 in the list of the most popular meme coin projects, seems likely to attract more investors soon.
Can DogWifCat be the Next Dogecoin?
Investors interested in purchasing DogWifCat tokens, a meme coin project with themes related to both cats and dogs, wonder whether DWIFC will be the next Dogecoin.
Investors are closely following to see if DWIFC will rally and make millions of dollars, just like Dogecoin did with its rallies. It is not possible to accurately predict whether any cryptocurrency will emerge for a bull run. However, the performance of DWIFC after its launch is fueling investor interest.
We know that the all-time low price of the popular meme coin DOGE was 0.00008547, and it is currently trading at $0.1488. These statistics indicate that DOGE has gained a total of 26,000% over all-time. At the same time, the price of DogWifCat tokens is hovering around $0.01133. Considering the almost 15,000% increase right after its launch, DogWifCat seems like the next Dogecoin. However, it is essential to remind investors to be cautious.
How to Buy DogWifCat Tokens?
According to information on the project’s website, DogWifCat can be purchased via the popular DEX Jupiter and Raydium platforms. The total supply of DWIFC tokens, consisting of 1 billion tokens, is meeting enthusiastic investors.
To purchase DogWifCat, you first need to create a wallet. You can download the Phantom application for mobile devices or install the Phantom extension for the Google Chrome browser for desktop devices.
To purchase DWIFC, as a Solana-based meme coin, you need to hold the native token of the Solana network, SOL. If your Phantom wallet does not have SOL, you can buy SOL from a cryptocurrency exchange and send it to your Phantom wallet.
After having a SOL token balance, you can link your Phantom wallet using Raydium or Jupiter. At this stage, the only thing you need to do is exchange the SOL tokens in your wallet for DWIFC tokens.
Detailed information about DogWifCat, such as the roadmap of the project, the token’s performance, and the interactions of the community, can be obtained through the project’s website or social channels. DogWifCat, which has been heralded as the next BOME token by popular crypto enthusiasts such as Eric Cryptoman, seems to remain in the spotlight for a long time.
Those interested in Solana-based meme coin projects and looking for low-priced meme coins in the crypto world should definitely examine the DogWifCat project. DogWifCat (DWIFC), aiming to shake the throne of Dogecoin, awaits early investors.
Disclaimer:
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