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DogWifCat is an exciting new meme coin that recently launched on Solana. With growing hype surrounding the “wif hat” meme, this could be one of the meme coins that moves 10x from current prices in the short term. If we judge by the success of the original Dogwifhat meme coin that traded at over $3 billion market cap at one point, DogWifCat could potentially 100x.
This guide shows how to buy DogWifCat in four simple steps, from setting up a Solana wallet to connecting it to a decentralized exchange and making the purchase.
DogWifCat Token Key Points
This is a quick overview of the DogWifCat meme coin:
- Fair launch: DogWifCat took the fair launch model and dropped the entire token supply of 1 billion on decentralized exchanges. This gave everyone the chance to buy at the same price without front running and price increases, which are typical with presale models.
- Meme coin: The current hype among meme coins offers an unprecedented opportunity for early investors to see similar returns to what early investors in Dogwifhat and Dogecoin saw.
- Launched on Solana: Solana has become the go-to blockchain for meme coin traders and degens because of its fast transaction finality and low transaction costs that are measured in cents.
How to Buy DogWifCat ($DWIFC) – A Beginner’s Guide
Buying DogWifCat is straightforward on Solana. Here’s how to do it:
Step 1: Set up a Solana Wallet
To interact with Solana dApps, you need a Solana-compatible wallet. There are many options, including Phantom, Solflare, Backpack and Magic Eden, but we’ll take Phantom as an example as it’s the “MetaMask” of Solana.
Visit the Phantom app website and install the app on your browser. Supported browsers include Chrome, Brave, Edge and Firefox. You can also install the Phantom app on your mobile device – both iOS and Android are supported.
Step 2: Buy SOL
You need SOL coins to pay transaction fees on Solana and use your Solana wallet. For that reason, visit a major exchange like Binance or Coinbase and purchase SOL. Use your Phantom wallet address to withdraw your SOL from the exchange.
Step 3: Visit Jupiter Exchange
Visit the DogWifCat website and tap “BUY $DWIFC”. This will take you directly to the Jupiter exchange.
Step 4: Buy $DWIFC
Connect your Phantom wallet to Jupiter. Select the amount of SOL you wish to swap for $DWIFC. Make sure you leave enough SOL to pay the transaction fees.
What is DogWifCat?
DogWifCat is a new meme coin on Solana that aims to repeat the success of Dogwifhat. Where Dogwifhat had a dog, wif hat – DogWifCat has a dog, wif cat, offering a fresh humorous twist to the meme. This may seem too simple for a cryptocurrency to succeed, but keep in mind that Dogwifhat traded at over $3 billion market cap at one point and is listed on most major exchanges including Binance.
That the “wif hat” trope is still alive on Solana shows the massive surge of over 7,000% for $DWIFC just two days after the token launched on exchanges.
That’s not surprising, given how meme coins on Solana can move in mind-blowing numbers as we’ve seen with another successful meme coin, SLERF, where the dev accidentally – or not – burned over $10 million worth of SOL designed for airdrop rewards. SLERF had a $2.7 billion in trading volume within the first day – and now it hovers above a $300 million market cap.
DogWifCat, on the other hand, just had a successful launch and is now trading at a market cap of $15 million. If it reaches the market cap of SLERF, that would be a 20x move right off the bat.
DogWifCat Tokenomics
Unlike many popular meme coins that run a token presale before launching on exchanges, DogWifCat took the fair launch route. This means the entire token supply of 1 billion tokens was dropped on Solana DEXs. This comes with several benefits, including:
- Everyone gets to buy $DWIFC at the same launch price.
- No front running by whales to dry the token liquidity.
- No token vesting means organic price discovery post-launch.
Given that the entire supply is dropped on DEXs, there are no tokens set aside for staking rewards, marketing, development or any other uses typical in the crypto world.
Why Buy $DWIFC
Meme coin traders and investors are constantly looking for the best meme coins on Solana to “ape in”. DogWifCat scratches that itch for several reasons:
- Had a fair launch with the full token supply in circulation.
- Follows the “wif hat” meme that is still popular on Solana.
- Uses the Solana blockchain, which comes with lower fees than Ethereum.
- Has a low market cap of $15 million, giving massive room for growth.
When we combine all of that, it becomes a no-brained for many meme coin traders that DogWifCat could be the next big meme coin on Solana.
DogWifCat Price Prediction – What is $DWIFC’s Potential?
The meme coin enthusiasm on Solana seems to be never-ending. In a 7-day trading volume, Solana DEXs beat every other blockchain, swapping over $21 billion worth of coins – and most of it is undoubtedly shared among meme coins.
As for the market cap, meme coins on Solana consistently boast market caps of over $100 million. For example, SLERF and SMOG have a market cap of over $300 million, Book of Meme has over $1 billion, and Dogwifhat has over $2 billion at the moment of writing.
With a market cap of $15 million, DogWifCat has a potential to 10x to reach a $150 million market cap, which is common with popular meme coins. If it gains traction and hits over $1 billion, this could very well be the next 100x meme coin.
With a 10x move, DogWifCat would trade for $0.138, which is possible to happen by mid-2024. By the end of the year, $DWIFC could trade at $0.265. This would mark a move of over 1,800% from current prices. But don’t just take our word for it, take a look at this DogWifCat price prediction for 2024 – 2030.
Conclusion
DogWifCat is the ultimate combination of Dogwifhat and cat memes that is already making major moves on Solana. To buy the token, you need a Solana wallet, such as Phantom and SOL coins to make the purchase on a DEX like Jupiter or Raydium.
