Dogwifhat (WIF) Price Jumps 20% as Solana Meme Coin Takes Over Top 100
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Dogwifhat (WIF) Price Jumps 20% as Solana Meme Coin Takes Over Top 100
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Gamza Khanzadaev
Dogwifhat (WIF) soars 20%, seizing spotlight among top 100 cryptos
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Tue, 26/03/2024 - 16:40
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Dogwifhat (WIF) Price Jumps 20% as Solana Meme Coin Takes Over Top 100
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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In a sensational turn of events, the meme-inspired cryptocurrency Dogwifhat (WIF) has once again surged to the forefront of the crypto market, marking a staggering 20% spike in its price within a matter of hours. This remarkable surge has propelled Dogwifhat to the summit of profitability among the top 100 largest cryptocurrencies.
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Amid the flurry of activity, the price of WIF skyrocketed to an impressive $3.26, leading to a monumental market capitalization of $3.12 billion. This surge catapulted Dogwifhat to 44th place in terms of market capitalization, a remarkable feat considering its humble origins as a meme featuring a puppy adorned in a hat from the year 2020.
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The meteoric rise of Dogwifhat can be attributed to a confluence of factors, including the enduring appeal of its endearing mascot, the cultural significance it has garnered and the frenetic nature of the crypto market itself. This unlikely combination has thrust Dogwifhat into the limelight, capturing the attention of not only crypto enthusiasts but also major players in the financial industry.
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WIF to USD by CoinMarketCap
Evidence of Dogwifhat's newfound prominence can be seen in its widespread adoption across various platforms. The "wif hat" theme has been embraced by behemoths like the multi-trillion dollar Franklin Templeton fund, while prominent financial media outlets such as Bloomberg have dedicated coverage to the token. Even the iconic bull statue on Wall Street has not been spared, as someone adorned it with the now-famous knitted hat.
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While the question of whether 44th place marks the pinnacle of its ascent remains unanswered, one thing is certain: Dogwifhat's relentless momentum shows no signs of abating, leaving little doubt that it will continue to captivate and confound the financial world for the foreseeable future.
About the author
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Gamza Khanzadaev
Financial analyst, trader and crypto enthusiast.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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2024/03/26 16:47
Binance to List BONK, FLOKI, FTM Trading Pairs
Godfrey BenjaminGodfrey Benjamin
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Binance to List BONK, FLOKI, FTM Trading Pairs
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Godfrey Benjamin
Binance just listed BONK, FLOKI and FTM trading pairs alongside both services
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Tue, 26/03/2024 - 16:25
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Binance to List BONK, FLOKI, FTM Trading Pairs
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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Binance, the world’s largest crypto brokerage by trading volume, has announced its plans to list new trading pairs for two of the most popular meme coins, BONK and FLOKI. As revealed by the trading platform, the BONK/USDC and FLOKI/USDC pairs will go live for trading on March 27 if liquidity conditions permit.
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Amid the apparent vote of confidence the trading platform is placing in these meme coins, it also announced new listings for altcoins, featuring trading pairs such as FTM/USDC, MKR/TRY, RAY/TRY and RNDR/BRL. In addition to these trading pairs, Binance also announced the launch of trading bot services.
The exchange highlighted the distinction between the two supported versions, including spot Grid, spot DCA and rebalancing bot dedicated to the ETHFI/USDT trading pair. Additionally, it will also support spot Algo Orders dedicated to the BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY and RNDR/BRL pairs, respectively.
With the ongoing bull market that has helped Bitcoin sustain its grip above the $70,000 price mark at the time of writing, exchanges are exploring avenues to be creative and win a larger share of the market.
Breakout for BONK, FLOKI and FTM
The Binance listing update has sent the price of BONK, FLOKI and FTM on a new bull ride, with the trio jumping 12.12% to $0.00002656, 7.35% to $0.0002476 and 2.54% to $1.11, respectively.
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While some trading pairs involving these altcoins already trade on Binance, the addition at this time marks a unique fundamental that is bullish for these tokens. Meme coins are notably in rebound mode, with BONK, for instance, jumping as high as 123% over the past month.
With new accessible pairs made available to millions of Binance users, the demand that will be placed on these meme coins may ultimately help complement their ongoing rally.
About the author
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Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.
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