Answered at Aug 08, 2024

Jerrywifhat (JWIF) Crypto Analysis Report

Introduction

Jerrywifhat (JWIF) is a meme token launched on the Binance Smart Chain (BSC) in May 2024. This report aims to analyze JWIF's utility, tokenomics, and potential as an investment based on the available information as of August 8, 2024.

Utility

According to the Jerrywifhat whitepaper (Jerrywifhat, 2024a), JWIF is designed to be a community-driven meme coin that aims to provide value and entertainment to its holders. However, the whitepaper does not specify any concrete use cases or utility for the token beyond being a meme coin.

Tokenomics

JWIF has a total supply of 200,000,000 tokens, distributed as follows (Jerrywifhat, 2024b):

  • Community: 25%
  • Burn: 20%
  • Locked: 25%
  • Team: 3%
  • Advisor: 2%
  • Marketing: 15%
  • Liquidity: 10%

The tokenomics allocate a significant portion to the community and locked tokens, which could potentially limit circulating supply in the short term. However, the lack of a clear token burning mechanism or deflationary measures raises questions about long-term value accrual.

Market Performance

As of August 8, 2024, JWIF is trading at $0.00944 with a 24-hour trading volume of $139,570 (CryptoRank, 2024). The token reached an all-time high of $0.0143 on August 7, 2024, but has since declined by 34%. With a fully diluted valuation of $1.92 million, JWIF is a relatively small-cap token.

Price prediction platforms offer varying outlooks for JWIF. WalletInvestor (2024) predicts a potential 72% drop to $0.00272 in the near future. CoinCodex (2024) does not provide a specific price prediction due to insufficient historical data. These mixed forecasts underscore the speculative nature of investing in newly launched meme tokens.

Investment Potential

Based on the analysis of JWIF's utility, tokenomics, and market performance, the token appears to be a high-risk, speculative investment. The lack of clear use cases, the abundance of meme coins in the market, and the token's small market capitalization suggest that JWIF may struggle to gain significant traction and long-term value.

Investors should exercise caution and conduct thorough due diligence before considering an investment in JWIF. As with any cryptocurrency investment, it is crucial to understand the risks involved and only invest what you can afford to lose.

Conclusion

Jerrywifhat (JWIF) is a newly launched meme token on the Binance Smart Chain that aims to provide value and entertainment to its community. However, the lack of clear utility, the abundance of similar meme coins, and the token's small market capitalization make it a high-risk, speculative investment. Investors should carefully consider their risk tolerance and conduct extensive research before making any investment decisions related to JWIF.

References

CryptoRank. (2024). Jerrywifhat price. Retrieved from https://cryptorank.io/price/jerrywifhat

CoinCodex. (2024). Jerrywifhat (JWIF) price prediction. Retrieved from https://coincodex.com/crypto/jerrywifhat/price-prediction/

Jerrywifhat. (2024a). Introduction. Retrieved from https://jerrywifhat.gitbook.io/whitepaper/introduction

Jerrywifhat. (2024b). Tokenomics. Retrieved from https://jerrywifhat.gitbook.io/whitepaper/tokenomics

WalletInvestor. (2024). Jerrywifhat price prediction, JWIF forecast. Retrieved from https://walletinvestor.com/forecast/jerrywifhat-prediction