The new meme coin project based on Solana network, DogWifCat (DWIFC), caused a stir in the market by reaching record levels on its first trading day with almost a 15,000% surge. With a transaction volume exceeding tens of millions of dollars, the meme coin marked its presence.
Establishing itself among the trending projects on Dextools, DogWifCat surpassed $40 million in the last 24-hour trading volume. With a total market value reaching 12 million, DWIFC managed to find its place at the top of the Solana-based popular meme coin listings.
Let’s take a look at the details of DogWifCat, its potential to dethrone Dogecoin, and what you need to know to buy DWIFC tokens.
What Is DogWifCat? Why is DWIFC So Popular?
Having been built on a leading blockchain network like Solana, DogWifCat token follows in the footsteps of DogWifHat (WIF) meme coin project, giving DWIFC a competitive edge.
DWIFC comes with a logo portraying a cat and a dog together. With its cleverly designed logo, the project seems to have caught the attention of investors in the first 24 hours.
DogWifCat (DWIFC), likely to overthrow the popular Dogecoin in the short, medium, and long term, is gaining attention from investors who aim to make a profit. The whale movements also encourage investors interested in purchasing DogWifCat tokens as well.
Analyses show that a whale made a huge purchase worth $102,000. Small investors following the whales also show great interest in the DWIFC token.
DogWifCat Ranks 4th in the Most Popular Meme Coins List
DogWifCat, a Solana-based meme coin, enters the most popular meme coin list in the fourth place. Adjacent to popular meme coin projects of the day like 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 token has a liquidity of $4.45 billion in circulation. Gate DeFi X account also released a post regarding the DogWifCat token.
As of the writing of this article, it is seen that there are nearly 4,000 DogWifCat token holders. DWIFC token, which has managed to enter the top 5 in the list of the most popular meme coins, seems to meet with more investors in a short time.
Could DogWifCat Be the Next Dogecoin?
Investors who want to buy DogWifCat tokens, a meme coin with both cat and dog themes, wonder whether DWIFC will be the next Dogecoin.
The rally of DWIFC token, like Dogecoin, which has made millions of dollars to its investors with its rallies, is closely monitored. It is not possible to know for sure that any cryptocurrency will go on a bull run. On the other hand, the post-launch performance of the DWIFC token inflates the interest of investors.
We know that the all-time lowest price of the popular meme coin DOGE is 0.00008547, and at the time of writing this, it is traded at $0.1488. These statistics show that DOGE has experienced an increase of 26,000% over all time.
During this time, the price of the DogWifCat token is moving around $0.01133. Considering that it has surged nearly 15,000% right after its launch, DogWifCat seems to be the next Dogecoin. However, it is important to remind investors to act cautiously.
How to Buy DogWifCat Token?
According to the information on the project’s website, DogWifCat can be purchased via the popular DEX Jupiter and the Raydium platforms. The total supply of DWIFC tokens, consisting of 1 billion tokens, meets with excited 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 to Google Chrome browser for desktop devices.
When it comes to buying the Solana-based meme coin DWIFC, it is necessary to have the native token SOL of the Solana network. If you do not have SOL in your Phantom wallet, you can buy SOL from a cryptocurrency exchange and send it to your Phantom wallet.
Once you have a SOL token balance, you can connect your Phantom wallet through Raydium or Jupiter. After this step, all you have to do is to swap SOL tokens in your wallet with DWIFC tokens.
It is possible to access detailed information about the popular meme coin projects from the website or social media channels. Exploring the roadmap of the project, token performance, and the community interactions on Telegram or X account provides an advantage. Popular crypto enthusiasts like Eric Cryptoman predict that DogWifCat, launched without a presale, will remain on the agenda for a long time.
Fans of Solana-based meme coin projects and those 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, is waiting for early-stage investors.
Disclaimer:
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