The Solana token has displayed a significant price action over the past few months by multiplying its value 4+ times. Further, the SOL token currently trades at a 26-month high, indicating a bullish influence in the crypto space.
With Solana’s price experiencing massive volatility, top tokens on its blockchain have outperformed elite cryptocurrencies in terms of monthly returns. Bonk memecoin is one such example, with a surge of over 10,000% during 2023.
Dogwifhat Displays A 1,000% Surge This Year!
The Dogwifhat (WIF) price had started the year 2024 with a price tag of $0.1720 and by 8th January recorded an all-time low (ATL) of $0.0677. Since then, the memecoin has gained significant attention from the market, resulting in it experiencing a massive surge in valuation.
The WIF coin has recorded a surge of 2,519% in its portfolio since its low and currently trades with a price of $1.740, giving its investors a return of over 25 times over the past 56 days.
With the rising hype of Solana tokens, top tokens on its blockchain are constantly experiencing a massive price action, indicating a rise in investor’s interest. Moreover, the Bonk memecoin of the Solana ecosystem has recorded a surge of approximately 180% within the past seven days and 220% over the past 30 days.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, highlighting a strong bullish influence in the crypto industry. Further, the averages show a significant rise, indicating a positive price action for the Solana-based token in the coming time.
Will WIF Hit $5 Soon?
With the current market sentiments, the WIF token displays a strong potential to attempt to test its target price of $5 in the upcoming months, which will make it one of the top tokens of the year.
However, a trend reversal may pull back the price toward its lower support level of $1 in the coming time.
