A new meme coin called Frogwifhat ($FWIF) is creating a buzz in web3 circles as traders predict this coin can 25x by the end of 2024.
As meme coins across crypto pump, Frogwifhat rallied an impressive 125% on Friday, as per DEXTools.
Currently trading just under $0.003, $FWIF’s market cap is just shy of $3 million.
Despite having gained nearly 6x from its Uniswap launch price of $0.0005 on Monday, a market cap of just $3 million shows that its still very early to get into this coin.
Indeed, Frogwifhat has all the makes of a $100 million plus meme coin.
It has deep liquidity of around $600,000, which is locked for another month.
Locked liquidity means there is zero chance of a rug-pull, where the project team steals the funds of token holders.
Frogwifhat was also fairly launched, meaning all 1 billion tokens were immediately available on the open market.
No allocation of tokens for the development team or “marketing” purposes reduces the chances of a token dump.
As per the frogwifhattoken.com website, FWIF appears designed to mirror the success of Dogwifcoin, Bonk, and Smog.
And there are even rumors that the coins might share founders with other aforementioned meme coin success stories.
It’s no surprise then that traders predict this coin can 25x to above $100 million by the end of 2024.
Traders Predict This Coin Can 25x in 2024
Dozens of widely followed crypto analysts and influencers have recognized Frogwifhat’s potential.
ClayBro told his 120,000 subscribers that Frogwifhat is a “dip buy opportunity”, given it’s targeting a $100 million market cap.
If Frogwifhat was to hit $100 million, that would mark more than 35x upside from its current price.
Other popular crypto YouTubers like Clinix Crypto, Austin Hilton and Jacob Crypto Bury are also all bullish on the token.
Check out Frogwifhat on DEXTools Here
How to Buy FWIF?
Users who are interested in taking a punt on Frogwifhat can check it out on Uniswap.
To buy, all they will need to do it connect their web3 wallet (via Ethereum), and have some ETH.
ETH can be bought on any major cryptocurrency exchange and setting up a web3 wallet (like MetaMask) is free.
The post Traders Predict This Coin Can 25x By The End Of 2024 appeared first on Cryptonews.
