Analysts drew attention to meme tokens, the value of which has increased significantly

The cryptocurrency market is witnessing a surge in the value of meme coins, including Dogwifhat, Floki, and Bonk. Dog-themed cryptocurrencies are showing an impressive upward trajectory.

The Dogwifhat token started the year at less than $ 0.07 and has since soared to over $ 3.53, which means a 5000% increase in just two months. This growth has pushed its market capitalization to $ 3 billion, which has earned Dogwifhat a spot among the top 50 tokens by market capitalization.

It is not yet known how Dogwifhat will develop during the year. The future of the digital asset will depend on changing market sentiment, experts explained.

The surge in the popularity of memmonets indicates the continued interest and investment in the cryptocurrency market. This surge comes at a time when other memtokens, such as Dogecoin and Shiba Inu, are also showing significant growth.

In early March, we reported that the Dogwifhat (WIF) memetic cryptocurrency brought impressive profits to cryptocurrency traders, becoming one of the best performers. At that time, the WIF token reached a capitalization of $ 1.90 billion, making some of its investors millionaires. At the end of November 2023, a trader spent 5.28 SOL to buy 2.58 million WIF worth $ 310. According to Lookonchain, this stack has since grown to a value of $ 4.1 million, or more than 30,000 SOL.