The sensational memecoin, Dogwifhat—often simply referred to as WIF—has been a veritable whirlwind in the cryptocurrency market throughout this year’s first quarter. Much like how Bitcoin has been thrown into the tumbleweeds of a recent downtrend, WIF, an adorably canine-themed token, has seen a price slump of over 10%. A cadre of crypto gurus are hedging bets, setting the next prize target for the trendy token at a cool $1.
This unexpected downturn follows the memecoin’s awe-striking run at 95,000%; a jaw-dropping leap from $0.004773 to a record crushing all-time high of $4.58 by the crest of last March. Such an astronomical ascent christened Dogwifhat as one of the prime contenders in the initial memecoin rush.
Yet, since then, the fortunes of WIF have been a rollercoaster. The token has seen price fluxes within the $2.3 and $3.7…
