Meme coins like Dogwifhat (WIF) and Bonk, which are built on the Solana blockchain, recorded remarkable surges recently. Dogwifhat surged by 59% in the last 24 hours, hitting a record high of $0.571. While Bonk rose by 20% in the same period.

The surge in Solana based tokens

At the moment, Dogwifhat price surged by a whopping 57% in the past week, reaching $0.563. Experts have also been showing optimism regarding the price surge of this particular coin.

A few days ago, a trader and analyst known as Bluntz suggested that dogwifhat might be gearing up for a significant price increase in the near future. Back on February 10th, this analyst predicted that this token could potentially reach $1. 

This forecast has caught the attention of many in the community. Sparking anticipation and interest in the potential movement of dogwifhat’s price in the coming days.

Similarly, SOL, the native token of Solana where WIF resides, has also joined the market surge. It climbed by 9% to 0.21 at the time of writing. In particular, meme coins are rising in value as a result of the overall market upswing.

The top crypto in terms of market value, has crossed the $57,000 mark again, a level unseen since late 2021. BTC’s price has risen by 32% since the start of the year, fueling interest in alternative crypto. 

Looking ahead in the meme tokens market

As of the latest data, the market capitalization for meme tokens stands at a staggering $25.14, marking a notable increase of 13.23%. Trading volume also saw a significant surge, reaching $3.88, a remarkable uptick of 208.53%.

One meme token, WIF, experienced a noteworthy surge over the weekend. Bouncing back from a low of $0.285 on February 24th. Bulls took charge, propelling WIF on a four-day rally that surpassed the previous barrier of $0.531 set on January 18th. That surpassed its previous all-time high. With WIF’s price now in uncharted territory, predicting its future trajectory becomes challenging.

Looking forward, a sustained break above its current all-time high of $0.571 could potentially propel WIF towards the $0.6 region. Alternatively, WIF may find intermediate support around the previous barrier of $0.47.

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