Dogwifhat (WIF) Skyrockets 190% in a Month—Can the Memecoin Hit $2?

Solana’s favorite underdog token WIF just pulled off a jaw-dropping rally—up 190% in 30 days while ’serious’ investors were busy over-analyzing Fed minutes. Now traders are eyeing the $2 psychological barrier.

What’s fueling the surge? Pure meme magic and a classic crypto liquidity wave. No utility? No problem. WIF’s chart is drawing more technical analysts than a Wall Street research desk on earnings day.

Key levels to watch: A clean break above $1.80 could trigger FOMO buys, while failure here might see profit-taking from early bagholders. Either way—this is your periodic reminder that in crypto, ’fundamentals’ are optional when the market gets frisky.

Cryptocurrencies Experience Market-Wide Surge

Dogwifhat (WIF) is not the only crypto experiencing a surge today. The entire market has seen an upswing over the last few days. Bitcoin (BTC) is leading the market with its recent climb to $104,000. The original crypto is currently testing the $105,000 mark. There is a high probability that BTC will hit a new all-time high soon.

WIF and the larger market rally could be due to various bullish factors. There has been a surge in institutional investments in the crypto space. BlackRock alone has purchased billions of dollars worth of BTC over the last few days.

The world’s largest asset manager will also participate in a crypto roundtable with the SEC. The MOVE may have led to a boost in investor confidence.

Will Dogwifhat Hit $2 Next?

WIF’s price has to rally by 63.93% to hit the $2 mark. The asset hit an all-time high of $4.83 in March of last year. The memecoin’s price has fallen by 75.3% since its 2024 peak.

According to CoinCodex, WIF will continue to rally over the coming days. The platform anticipates the memecoin to breach the $2 mark on May 26. CoinCodex further predicts WIF to trade at $4.17 on June 9.