A just-launched meme token called FrogWifHat (FWIW) is generating a significant buzz within web3 circles as it attempts to emulate the viral success of its predecessor Dogwifhat (WIF), with three crypto experts predicting this new coin might 50x in March.
Forgwifhat (FWIW) launched on Uniswap on Monday and immediately hit a market cap of $4 million within a few hours.
The token has since pulled back to a market cap of around $1.2 million, offering investors an exciting opportunity to buy the dip, with analysts predicting big things for the token next month.
As per the frogwifhattoken.com website, FWIF appears designed to mirror the success of Dogwifcoin, Bonk and Smog.
There are even rumors that the coin’s might share founders with other aforementioned meme coin success stories.
Prospective buyers need to do their own research but there is much to like about the coin.
For starters, over $320k in liquidity has been locked. This is an important consideration for coins that list on DEXs.
Locked liquidity means there is zero chance of a rug-pull, where the project team steals the funds of token holders.
Forgwifhat 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.
Check out Frogwifhat on DEXTools Here
3 Crypto Experts Predict This New Coin Might 50x In March
Popular crypto YouTuber Crypto ZUES told his more than 70,000 followers that its still very early to get involved in Frogwifhat, which could become a top-ranking meme coin.
Fellow crypto YouTuber ClayBro concurs and labelled FWIF’s latest pullback as a “dip buy opportunity”.
Frogwifhat could hit a $100 million market cap, he noted.
Popular British crypto presale analyst Jacob Crypto Bury, meanwhile, thinks the token has at least 10x potential.
Frogwifhat could be the next Dogwifhat, he noted.
Given Dogwifhat’s current market cap of around $700 million, that could mean gains in the 100s of xs for FWIF.
The fact that the token still has only around 300 Twitter followers and 300 Telegram subscribers, but is already getting mentioned by many web3 influencers shows how early things are for Frogwifhat.
That’s why investors are predicting this new coin might 50x in March.
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.
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