Dogwifhat (WIF) Skyrockets 168% in a Month—$3 Target in Sight?

Move over, blue-chip cryptos—Dogwifhat (WIF) just ripped past meme coin expectations with a blistering 168% rally in 30 days. Traders are now eyeing the $3 threshold as the next psychological battleground.

When Lambo? Not so fast. While the charts scream bullish, remember: this is crypto, where ’fundamentals’ often mean ’which influencer pumped it last.’

Key drivers? Probably the same cocktail of speculation, FOMO, and a market that still thinks ’dog’ in a token name guarantees moonshots. But hey—numbers don’t lie. A 168% surge demands attention, even from the most cynical TradFi refugees.

Dogwifhat Follows Bitcoin’s Breakout

WIF’s rally is likely due to a surge in investor sentiment following BTC’s rise to a new peak. BTC’s rally, on the other hand, is likely due to increased institutional investments. BlackRock alone has purchased more than $3 billion worth of BTC since May 2.

Other bullish developments include the GENIUS stablecoin regulation act moving forward. White House crypto and AI advisor, David Sacks, said stablecoins will unlock trillions for the US treasury. WIF and other assets may have benefited from the surge in investor confidence.

Here’s When The Memecoin Could Hit $3

According to CoinCodex’s estimates, dogwifhat (WIF) may face a correction over the coming weeks. The platform anticipates the asset’s price to dip to $0.374724 on June 11. WIF’s price will face a 67.9% correction if it falls to $0.374724.

There is also a chance that WIF will continue its rally over the next few weeks. The asset may reclaim the $3 mark if BTC continues its upward momentum. The memecoin may also experience a bullish leg if the Federal Reserve cuts interest rates. A rate cut may lead to investors making more risky investments as borrowing becomes easier. Such a development could trigger a market-wide rally.