A fresh meme token named Frogwifhat ($FWIF) is causing a stir within web3 communities, with traders foreseeing a potential 25x surge by the close of 2024.
Amidst the frenzy surrounding meme tokens in the crypto sphere, Frogwifhat saw a remarkable 125% spike on Friday, according to DEXTools.
Currently hovering just below $0.003, $FWIF boasts a market cap nearing $3 million.
Despite its value surging almost sixfold from its Uniswap debut price of $0.0005 on Monday, the modest market cap of $3 million suggests that it’s still in its infancy stage.
Frogwifhat exhibits all the traits of a meme token potentially exceeding the $100 million mark.
With substantial liquidity of approximately $600,000, locked for another month, investors are assured of protection against rug-pulls, wherein project teams abscond with token holders’ funds.
Frogwifhat’s launch was characterized by fairness, with all 1 billion tokens instantly accessible on the open market. This absence of token allocation for the development team or “marketing” endeavors diminishes the likelihood of a sudden token dump.
According to information on the frogwifhattoken.com website, FWIF seems poised to emulate the triumphs of Dogwifcoin, Bonk, and Smog. Moreover, there are whispers circulating that these coins might share founders with other notable meme coin success stories.
Given these factors, it’s no wonder that traders are anticipating a potential 25x increase, propelling Frogwifhat’s value to surpass $100 million by the conclusion of 2024.
Traders Predict This Coin Can 25x in 2024
Frogwifhat’s potential has garnered attention from numerous prominent crypto analysts and influencers.
ClayBro, with a subscriber base of 120,000, identified Frogwifhat as a “dip buy opportunity,” particularly noting its aim for a $100 million market cap.
Achieving a $100 million market cap would signify a remarkable more than 35x upside from its current price.
Similarly, other well-known crypto YouTubers such as Clinix Crypto, Austin Hilton, and Jacob Crypto Bury are all expressing bullish sentiments towards the token.
