Dogwifhat (WIF), the fourth-largest meme coin by market capitalization, has been on a remarkable run, breaching the $4 mark once again and propelling its market cap past the $4 billion threshold. This surge has elevated WIF's rank to the 32nd position, showcasing its growing prominence in the cryptocurrency landscape.

According to CoinGecko data, WIF's price has touched the coveted $4 mark and is currently trading at $3.99, marking an impressive 24-hour increase of 22.2%. This sudden spike in value has caught the attention of many investors and traders, who are closely monitoring the meme coin's performance.

The rally has been relentless, with WIF recording gains of 30% over the past week and more than 40% over the past month. This impressive performance has outpaced even Ethereum (ETH), with WIF being 15 times stronger than the second-largest cryptocurrency by market cap over the past seven days.

On-chain indicators suggest that the bullish momentum is likely to persist, as evidenced by a 6.7% increase in the number of WIF holders over the past 30 days. This indicates that investors are taking advantage of the recent dip to accumulate more tokens, further fueling the meme coin's growth.

The surge in trading volume has also been noteworthy, with WIF's daily trading volume crossing the $1.5 billion mark, a 30% increase from the previous day. This heightened activity underscores the growing interest in the meme coin and its potential for further gains.

If the WIF price closes above the $4 mark, it could confirm a bullish breakout, potentially leading to new all-time highs above $5 by the end of the month. Despite the recent market downturn, which saw WIF lose 40% from its all-time high of $4.85 registered on March 31, the meme coin has shown remarkable resilience and is now preparing for a potential breakout.

Long-term forecasts for Dogwifhat are equally promising, with top experts suggesting that the meme coin could soar above $10 before the end of the year. If realized, this would mark a historic feat for meme coins and solidify WIF's position as one of the top meme cryptocurrencies to invest in, given its significant growth prospects and lighthearted nature.

In conclusion, Dogwifhat's surge past the $4 mark and its climb to the 32nd rank in terms of market value is a testament to the meme coin's resilience and potential for growth. As the cryptocurrency market continues to evolve, WIF has emerged as a standout performer, capturing the attention of investors and traders alike. With its strong on-chain metrics and positive long-term forecasts, Dogwifhat is poised to make waves in the meme coin sector and beyond.