Dogwifhat, or WIF, has emerged because the central crypto among the many current hoard of cash. The token has lengthy been surging quickly at a file tempo, establishing new price milestones and amplifying strain to commerce at $2.59.

The token had briefly touched the $3 price mark earlier than falling again to commerce inside the $2.50–$2.60 price vary. Nevertheless, the coin’s surging recognition among the many plenty is what’s able to catapulting WIF to new price highs. The queue has now been joined by Elon Musk, who, in a current replace, shared that he is aware of in regards to the fashionable SOL token.

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Musk and DogWifHat: What’s the Connection?

The DogWifHat group went right into a bullish frenzy as Tesla chief Elon Musk just lately talked about how he had heard a couple of coin named DogWifHat (WIF). Musk was famous sharing the identical in a dwell stream on X. Since then, the video snippet of Musk reportedly “acknowledging” the existence of Dogwifhat has despatched shivers of pleasure inside the crypto group.

As Musk is thought to closely affect the crypto markets by his various opinions and tweets, his acknowledgment of WIF is being thought-about by some as a gateway for WIF’s stellar price hike.

Musk is called an ardent Dogecoin fan and has been famous endorsing Doge on a number of public platforms. His dog-centric tweets have additionally had an enormous affect on the token’s price prospects. Equally, the group can be anticipating WIF’s stellar price hike now that the token has gained an official point out from the Tesla chief himself.