We requested ChatGPT if the worth of Solana Meme Coin Dogwifhat (WIF) will attain $1 in 2024

TL; DR

• Dogwifhat (WIF) has risen quickly in worth in latest weeks. The potential to achieve $1 is dependent upon many components, resembling favorable market situations.
• Quick-term forecasts level to a value vary of $0.33 to $0.76 in 2024, whereas long-term expectations predict it might rise above $2.50 by 2030.

Is there an opportunity?

Regardless of rising lower than two months in the past, the Solana-based meme coin dogwifhat (WIF) managed to draw vital consideration. The worth has elevated by greater than 90% up to now month and is at the moment hovering round $0.30 (in response to CoinGecko knowledge). We determined to ask ChatGPT if the upswing may proceed into 2024 and if WIF may attain the $1 milestone.

The AI-powered chatbot estimates that there’s a likelihood, however the possible rally is dependent upon a number of components, together with market sentiment and investor conduct.

Meme cash like WIF usually observe the worth trajectory of main cryptocurrencies like Bitcoin (BTC). Based on many specialists, the latter is poised for an uptrend within the coming months because of the upcoming halving, a doable U-turn by the Federal Reserve on its anti-inflationary insurance policies and different doubtlessly bullish occasions.

ChatGPT additionally claimed that WIF’s worth may transfer north because the group (traders, builders and supporters) grew. This might enhance the asset’s reputation and appeal to new potential patrons.

Some entities, together with aggregator platform CoinCodex and forecasting web site DigitalCoinPrice, have already produced WIF forecasts. The previous for eyes that the meme coin would commerce between $0.33 and $0.48 all year long, whereas the latter set a most degree of $0.76.

PricePrediction.internet and Bitnation count on the worth of dogwifhat to surpass $2.50 by 2030, suggesting a extra gradual enhance over the long run fairly than a increase towards $1 within the coming months.

The latest progress of WIF

WIF took heart stage in mid-December when its value exploded each day, coinciding with Solana’s (SOL) spectacular rally. Regardless of the temporary dip after Christmas, the meme coin began pumping once more in early January.

The upward development may be attributed to the actions of quite a few main cryptocurrency exchanges, which embraced these property. BitMEX was one of many first to sum up the perpetual swap contract WIF/USDT.

Shortly afterwards, Binance did the identical, whereas Bitget positioned the token in its innovation and meme zone. Belongings in that part are evaluated for a interval of 60 days and could also be formally listed on the alternate in the event that they meet sure standards.