Dogwifhat Leads With a 20% Surge Following Coinbase Support

HomeMarket NewsAltcoin

Dogwifhat Leads With a 20% Surge Following Coinbase Support

Last updated on May 18th, 2024 at 12:05 pm

Dogwifhat (WIF) has again dominated the meme coin market after a 20% upswing after a Coinbase announcement. This viral meme coin status has garnered significant attention, with its similarities to the Shiba Inu dog but with a hat on.

Coinbase, the second-largest crypto exchange in market capital valuation, announced that it will list the dog-themed meme coin in its perpetual futures market. The perpetual market has dominated the crypto market scene for its exposure to digital revenues for investors without the hurdles of the hard concepts of blockchain technology.

Following the notice, the token’s price rose to $3.03, marking a 20% uptrend in the daily timeframe chart.

Also to note, OKX, a renowned crypto trading platform, recently listed Dogwifhat (WIF) together with Cat in a Dogs World (MEW) in their trading area. This was announced on the OKX official X page on the 15th, which saw the crypto meme coin breach its $3.0 mark and move from its $2.53B to $3.03B market cap.

Advertisement

thegreensafe banner

Read Also: The Rise of Cryptocurrency in Western Europe: Insights from Bitget’s Research

Advertisement

thegreensafe large horizontal banner

Other notable market exchange key players that have accepted WIF in their trading platforms are Gate.io, WhiteBIT, Pionex, and MEXC. This shows a potential market gap for traders seeking to delve into digital asset earnings in the meme-coin frenzy.

Dogewifhat (WIF) Price Movement

WIF stands at #36 positions in the list of largest cryptocurrencies by market cap, with a trading volume of $836,381,826 ($836 million) signifying a 32.20% increase over the last 24 hours. Binance holds most of the asset trading activities, followed by WhiteBIT and TokoCrypto.

This meme coin boasts of a strong community from Solana, which saw it rise to an all-time high of $4.83 on March 31, 2024, from a low of $0.00155464. The Fear & Greed Index for Dogwifhat shows a 78 point, indicating a high level of investor interest in buying the crypto asset. This is a positive remark for traders as it shows potential for the bull run; however, the downtrend could follow if traders start selling the asset to pocket the profits of the upswing.

Dogwifhat (WIF) has shown bullish signals, following technical analysis drawn from this Solana meme coin bull run. With the Solana team up on their sleeves, gripping a share of the meme-coin frenzy is best, seizing the opportunity while it lasts.

Read Also: The Bitcoin Halving 2024: How Will It Impact Prices?

Special Offer (SPONSORED)

Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).

"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.

I'm a crypto enthusiast with a passion for breaking down complex blockchain concepts into clear, engaging content. Fueled by curiosity, I'm constantly researching the latest crypto trends and developments to keep readers informed and excited about the ever-evolving digital landscape. Whether you're a seasoned crypto investor or just starting your journey, I aim to empower you with the knowledge to navigate this dynamic frontier.