DogWifHood (WIF) recently started trading on MEXC on 5 April, making it the first TON-based memecoin available on a centralized exchange after being limited to a few decentralized exchanges.

DogWifHood aims to overtake DogWifHat, benefiting from the increasing excitement surrounding the TON Network.

Presently, DogWifHood's market cap is around $6 million, whereas DogWifHat has a market capitalization of approximately $3.36 billion due to its impressive performance in 2024.

Even though there is a significant disparity in market cap and token value between the two dog-themed meme tokens, DogWifHood has the potential to surpass DogWifHat's market cap.

Anticipated growth is expected for DogWifHood with the upcoming Notcoin launch and potential listings on other CEX platforms, leading to substantial gains of 500%-700% throughout April.

Should DogWifHood achieve this, its market cap would still be below $50 million, offering further growth opportunities throughout Q2 and the rest of the year.

DogWifHat, on the other hand, aims to advance from being the third-largest memecoin by market cap to competing with Shiba Inu (SHIB) and Dogecoin (DOGE).