Memecoin News
“WIF, a meme coin known as Dogwifhat, experienced a surge of 25% to reach its all-time high.”
May
Tue, 28/05/2024 – 14:27
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The first viral meme in the crypto market and the biggest token on Solana, Dogwifhat (WIF), is making waves not just in the world of cryptocurrency, but also in the media. Its recent surge in price has caught attention, featuring an adorable Shiba Inu puppy donning a knitted hat.
In just under 48 hours since the start of the week, the value of WIF has drastically surged by over 25%. Consequently, the Dogwifhat digital asset has hit $3.75, a mere 30% below its record high of $4.88. With how quickly WIF’s price has increased recently, it appears that a new record high for this adorable meme-based cryptocurrency is inevitable.
The current exchange rate for WIF to USD as reported by CoinMarketCap.
Surprisingly, despite its rapid increase in value, the Dogwifhat token has now exceeded the market capitalization of established cryptocurrency projects like Arbitrum (ARB) and Cosmos (ATOM). This has earned it a spot in the top 30 cryptocurrencies in terms of market size.
The current market value of WIF is $3.72 billion, despite only being in existence for six months. This places WIF as the fourth biggest meme-based cryptocurrency, trailing behind Dogecoin, Shiba Inu, and Pepe Coin.
Is it possible for the leading Solana meme token to surpass its rivals, the dog and frog, in the competition to become the top meme cryptocurrency? The answer awaits us.