Dogwifhat (WIF), dubbed the 'Shiba Inu Killer', has seen a decline of 11.5% but is still considered 'the best active trade right now' by trader Altcoin Sherpa, despite the recent dip in cryptocurrency prices. WIF's advantages include being a market leader in volume, a leading Solana meme, great liquidity, and being in price discovery. However, risks include the unpredictability of the uptrend's end, the volatile nature of meme coin trading, potential unit bias, and less favorable risk-to-return for new investors. Dogwifhat's recent performance has placed it in the top 40 cryptocurrencies, with a significant 129% increase over the past month, outperforming Shiba Inu's 19% gain.