Dogwifhat (WIF) is currently priced at $2.76, showing an 18.5% decrease in the last 24 hours. This significant drop has led to some analysts suggesting that the coin “needs to see a vet.”

Over the past month, WIF has experienced a downward trend, with a total decline of 38.8% since the end of March. However, despite the price decrease, the trading volume of this meme coin has surged by over 51% in the last 24 hours, reaching $1.1 billion from $726 million.

According to CoinMarketCap, Dogwifhat currently holds the 43rd position in market capitalization, with a total value of $2.75 billion. Among meme coins, WIF ranks third, following Dogecoin (DOGE) and Shiba Inu (SHIB), and is ahead of Pepe (PEPE) and Floki (FLOKI).

The all-time high price of WIF was recorded on March 31, 2024, at $4.80. Presently, the coin’s cycle high is at $4.30, while the low is around $2.60. WIF has shown significant volatility recently, with a one-month volatility rate of 23.42.

Despite the bearish trend predicted by analysts, some believe that WIF may offer substantial returns in the long run. The market cooldown has also affected other meme coins like DOGE, SHIB, PEPE, FLOKI, and Bonk (BONK), all of which have seen significant dips in the past 24 hours.

Among the top 10 meme coins by market capitalization, only PUPS (Ordinals) has shown price gains in the last 24 hours and over the previous week. As of now, PUPS is up by 8.54% from 24 hours ago and has seen a 145% increase over the past week.

Overall, the recent market trends indicate a period of volatility and uncertainty for meme coins like WIF and its counterparts. Investors should stay informed and cautious while navigating these fluctuations in the cryptocurrency market.

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