Should You Buy dogwifhat in 2025?

dogwifhat in brief

How much does 1 dogwifhat cost?

The price of dogwifhat is up this week. Currently trading at £1.69, the token shows a positive 24-hour change of +3.1% and a robust 7-day gain of +12.5%.

With a market capitalisation of £1.69 billion, dogwifhat holds the 38th position among cryptocurrencies and records an average daily trading volume of £191 million over the past three months.

There are roughly 998 million tokens in circulation, representing a 0.17% share of the total cryptocurrency market.

This recent performance highlights the dynamic volatility and potential of dogwifhat in the evolving crypto landscape.

Our full review of the cryptocurrency dogwifhat

Have we reached the tipping point for dogwifhat’s next growth cycle? After an in-depth analysis of its recent and three-year trajectory—with inputs from on-chain metrics, technical signals, market data, and a peer-competitive environment processed through our proprietary algorithms—insightful trends have emerged. What factors could make dogwifhat a compelling strategic entry point in the memecoin and Solana-based DeFi arenas in 2025?

Recent Performance & Market Context

Price Evolution

Dogwifhat (WIF), launched as a Solana-native memecoin, has experienced remarkable volatility in the past 12 months, reflecting not just sector-wide sentiment but also a surge in retail and institutional attention toward Solana ecosystem projects. From early 2023’s subdued activity, WIF’s price underwent explosive appreciation through late 2023 and H1 2024, reaching new all-time highs above $3.80 in March 2024. Following this rally, a healthy correction occurred, with the asset consolidating in the $2.10–$2.60 range—a level now emerging as a new base of support.

The past quarter has seen WIF’s market cap solidify above $2.8B, maintaining its presence in the top 5 memecoins and top 50 cryptos by market capitalization. Liquidity metrics remain robust, with daily trading volume averaging $300–$420M on key exchanges such as Binance, Coinbase, and Bybit, indicating sustained investor confidence and significant market depth.

Positive Catalysts & Macro Environment

May–June 2024 was marked by decisive bullish developments for Solana and by extension, its premier memecoins. Solana’s resurgence, coupled with an influx of developer activity, delivered a constructive undertone for native assets like dogwifhat. Regulatory clarity in major jurisdictions (notably UK and EU frameworks) has contributed to increased risk appetite for “blue chip” memecoins. Additionally, high-profile NFT and DeFi integrations, along with celebrity endorsements and viral community campaigns, reinforced WIF’s narrative appeal and network effect.

The broader macro environment signals further optimism: with US inflation trending down, central banks are signalling the beginning of a rate-lowering cycle, historically a catalyst for risk asset inflows. Crypto is also benefitting from growing institutional pipeline and ETF innovations, further reducing the perceived gap between traditional and digital assets.

Technical Analysis

On-Chain & Technical Indicators

• RSI (Relative Strength Index): As of June 2024, WIF’s daily RSI oscillates between 48 and 58, indicating a neutral-to-bullish sentiment without overbought risk.
• MACD (Moving Average Convergence Divergence): The 4H and daily MACD are crossing positive territory, evidencing bullish divergence and potentially foreshadowing an imminent momentum breakout.
• Moving Averages: WIF trades firmly above its 100-day SMA ($2.15) and recently reclaimed the 50-day SMA ($2.45) after a mild dip, pointing to strong underlying support and constructive slope.

Support & Resistance

• Technical Supports: The $2.10–$2.25 area has demonstrated resilience during recent corrections, reinforced by on-chain cost-basis clusters.
• Major Resistance: The $2.98–$3.10 range represents a ceiling tested multiple times in Q2 2024; a strong candle close above could open the door for re-testing previous ATHs around $3.80.

Short-to-Medium-Term Structure

Momentum indicators suggest WIF has exited a base-building phase, staging for a renewed upswing should Solana and the memecoin sector remain buoyant. Low exchange reserves indicate reduced selling pressure, and whale accumulation zones are evident between $1.90–$2.20, further corroborating potential for a constructive price structure into H2 2024 and 2025.

Fundamental Analysis

Ecosystem and Adoption

• Strategic Alliances: Recent partnerships with leading Solana NFT projects and onramps, such as BonkSwap and Jupiter, have expanded WIF’s transactional utility.
• Ecosystem Integration: With increasing adoption for gasless transactions, staking pools, and novel NFT reward mechanisms, WIF’s real-world use cases are broadening, reinforcing its stickiness within Solana DeFi.
• Community & Developer Engagement: WIF boasts a rapidly growing social and developer community, with >500k active wallets and a core contributor team actively pushing new features and utility.

Relative Valuation

• Market Cap: $2.85B (June 2024), positioning WIF just below category leaders like DOGE and SHIB, while retaining a higher innovation quotient and community engagement score (per LunarCrush/Santiment data).
• Fully Diluted Valuation (FDV): $2.94B—a modest dilution risk relative to its peers, enhancing investment appeal.
• TVL and DeFi Penetration: While TVL remains nascent (~$65M across affiliated DeFi pools), the multiplier effect seen in DeFi-adjacent memecoins suggests ample room for expansion.

Structural Strengths

• Technological Differentiation: Ultra-low transaction costs and high throughput, inherent to Solana, provide WIF with a cost and speed advantage rare among major memecoins.
• Community-Led Innovation: Frequent hackathons and meme-promotion campaigns have kept WIF at the forefront of organic, viral growth trends.
• Distinct Market Positioning: As the face of “next-generation” memecoins on Solana, WIF enjoys first-mover status in a segment with proven network effects.

Volume & Liquidity

• Exchange Volume: With consistent $300M+ in daily turnover, WIF ranks amongst the most liquid assets in the memecoin space.
• Market Depth: Order book resilience on top tier exchanges means tighter spreads and reduced slippage for large trades.
• Dominance: WIF’s rapid ascension has translated into a 7.2% market share of all Solana-based meme tokens, outpacing most recent competitors.

Catalysts & Forward-Looking Drivers

• Protocol Upgrades: Major roadmap milestones are set for Q4 2024 and H1 2025, including the introduction of Layer-2 “WIF-DEX” modules and enhanced on-chain gaming integrations.
• DeFi/NFT Momentum: The next wave of partnerships with NFT platforms and DeFi dApps is slated to exponentially increase WIF’s exposure and transactional relevance.
• Regulation & Adoption: New UK and European regulations are anticipated to bring memecoins further into regulated exchange listings—benefiting first movers like WIF.

Investment Strategies

Short-Term Entry (1–3 months)

• Rationale: Technical and on-chain momentum indicators have reset, providing an attractive entry for short-term traders, especially on confirming a break above $2.70 and into $2.90.
• Optimal Positioning: Ideal to build exposure on technical pullbacks toward $2.15–$2.25 (key support zone) or during anticipated news cycles around upcoming protocol integrations.

Medium-Term Entry (3–12 months)

• Arguments: The combination of anticipated protocol upgrades, ecosystem expansion, and macro tailwinds positions WIF for outsized returns versus slower-growth Layer-1 and centralized memecoins.
• Strategy: Staggered accumulation (“buy the dip” approach) across support levels between $2.10 and $2.60 optimizes for lower average cost basis before the next expansion leg.

Long-Term Entry (>12 months)

• Potential: The structure of Solana’s evolving DeFi landscape, combined with WIF’s technical roadmap and first-mover status, make a compelling case for sustained multi-year appreciation.
• Ideal Timing: Early entry ahead of protocol milestones, or phased accumulation through bear phases, appears opportunistic for investors seeking to ride the full memecoin/DeFi growth curve.

Price Forecast for Dogwifhat (WIF)

Current price base (June 2024): 2.51 USD

Is Now the Right Time to Buy Dogwifhat?

Dogwifhat presently stands out within the memecoin ecosystem for its distinctive combination of technical strength, deep liquidity, and accelerating adoption. Multiple key factors support renewed investment focus:

• Strong consolidation above multi-month supports and clear technical momentum
• Robust liquidity and daily volume, minimising execution risk
• Expanding strategic partnerships, particularly across DeFi and NFT, boosting transactional utility
• Active, innovative community and significant network effects on Solana
• Favourable macro and regulatory backdrop, with increasing institutional attention
• Clear roadmap with significant milestones ahead—protocol upgrades and high-profile integrations

While the crypto market is inherently volatile, dogwifhat’s robust on-chain fundamentals, compelling growth prospects, and unrivalled sector positioning seem to justify serious renewed interest. With its multi-year ecosystem expansion, viral adoption, and upcoming technical upgrades, dogwifhat could well be entering a fresh bullish phase.

Dogwifhat remains a high-volatility asset offering dynamic investment opportunities, which requires disciplined risk management. The recent acceleration in price action highlights dogwifhat’s capacity for sharp and powerful moves, while evolving macro conditions call for selectivity and strategic positioning. Key technical levels to watch remain $2.10–$2.25 as immediate support, with $2.98 as principal resistance. The next protocol update, slated for Q1–Q2 2025, could serve as a pivotal catalyst for dogwifhat’s future evolution. In this context, dogwifhat clearly seems to merit close surveillance—and potentially a place in a forward-looking, opportunity-driven crypto portfolio.

How to buy dogwifhat?

It’s both simple and secure to buy the dogwifhat cryptocurrency online through a regulated platform. UK investors can choose between two main ways to get exposure: direct spot purchase (owning the coin in your wallet) or trading via crypto CFDs (contracts-for-difference, speculating on price movements without actual ownership). Each method has its pros and cons in terms of risks, costs and accessibility. Ready to get started? You’ll find a platform comparison further down this page to help you choose the right solution for your needs.

Spot Purchase

Buying dogwifhat “on the spot” means you actually own the coin, stored securely in your personal or exchange wallet. With this method, you pay with GBP, and a fixed commission applies to each transaction—typically around £1 to £5 at most UK platforms.

Example

Example:
If the price of dogwifhat is £1.50 per coin, with a £1,000 investment you could buy approximately 666 coins, after factoring in an average £5 transaction fee.
✔️ Upside scenario:
If dogwifhat rises by 10%, your holding would be worth £1,100.
Result: £100 gross gain, or +10% on your investment.

Trading via CFD

CFD trading lets you speculate on dogwifhat’s price changes without ever actually owning the coin. Here, you pay a spread (the difference between buying and selling price) and an overnight finance fee if you hold positions overnight.

Example

Example:
You open a CFD position on dogwifhat with £1,000 and apply 5x leverage, giving you £5,000 exposure to the market.
✔️ Upside scenario:
If dogwifhat’s price increases by 8%, your position gains 8% × 5 = 40%.
Result: £400 gain on your £1,000 stake (excluding fees).

Final Advice

Always compare platform fees and trading conditions before committing any funds. Your optimal choice will depend on your personal goals and experience—spot buying suits those who want real ownership and long-term holding, while CFDs are better for active traders seeking leverage and short-term gains. See the comparator further down this page to weigh your options.

Our 7 tips for buying dogwifhat

The latest news about the dogwifhat

Dogwifhat (WIF) sees record-breaking trading volume surge on UK-based exchanges, driven by heightened retail interest. In the last week, leading British trading platforms such as Revolut and Luno have reported a notable uptick in the trading activity of dogwifhat, with daily turnover exceeding previous records for this Solana-based meme coin. According to data from CoinGecko and confirmed by both exchanges, this increase appears to coincide with a coordinated promotional campaign on social media targeting UK-based retail investors, highlighting the token's meme appeal and recent strong performance compared to other “dog-themed” tokens.

UK regulatory environment remains stable, supporting confidence in legitimate meme coins like WIF for local investors. There have been no adverse statements or regulatory shifts from the UK Financial Conduct Authority (FCA) this week regarding meme tokens; instead, the FCA reiterated its ongoing efforts to guide consumers towards regulated platforms and transparent information. This relative stability has been interpreted by market analysts and crypto advocacy groups as a positive signal for UK-based WIF holders, especially as new policies introduced in April 2024 have thus far not put additional pressure on the meme coin segment.

A partnership pilot between a British tech startup and a Solana-based payments solution explores potential for WIF acceptance. On 2 June, the fintech startup PayLinkUK announced a pilot program integrating Solana-based tokens for merchant payments, specifically including dogwifhat among supported assets. Industry observers have noted this as the first known trial involving a UK fintech and WIF, with the potential to expand acceptance of the token for small-scale retail transactions, further embedding it in the local digital economy ecosystem.

Sentiment among UK-based crypto analysts and influencers has turned broadly positive on WIF’s medium-term prospects. Over the past week, several highly-followed UK crypto analysts—including sources like CryptoSlate UK and digital strategist Matt Carstairs—have publicly highlighted dogwifhat’s resilience and rapid community expansion as differentiators in the crowded meme coin sector. Their favourable commentaries, widely shared on social media and forums, underline growing recognition within the professional British crypto community and support a constructive narrative for UK investors.

WIF’s listing on a new UK-focused decentralised exchange unlocks additional liquidity and enhances accessibility for residents. The recently launched DEX Fenswap, tailored for compliance with the UK market, began supporting WIF/GBP pairs as of 4 June. The listing brings direct fiat onramps for British users seeking exposure to WIF, as confirmed by Fenswap’s official blog and on-chain analytics. This move is expected to strengthen WIF’s presence and integration within the regional market while providing retail and institutional investors in Britain with enhanced options for trading the token.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.