'Shiba Inu Killer' Dogwifhat Pumps 34% On $180M Trading Volume: Could An Exchange Listings Be Next?
Portfolio Pulse from Khyathi Dalal
Dogwifhat (WIF), a Solana-based memecoin, surged 34% to an all-time high of 77 cents with a trading volume of $180.9 million, positioning it fifth among meme coins by market cap. The broader crypto market rally, including Bitcoin surpassing $60,000, contributed to WIF's rise. With predictions of reaching a $1 billion market cap soon and potential listings on centralized exchanges, WIF's performance reflects the growing interest in meme coins. Solana's total value locked also increased, indicating a shift from Ethereum and Bitcoin to altcoins.
February 28, 2024 | 2:26 pm
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Solana's total value locked increased to $2.2 billion, reflecting a positive trend for the blockchain amid a broader shift from Ethereum and Bitcoin to altcoins.
The increase in Solana's total value locked indicates growing confidence and investment in the Solana ecosystem, likely driven by the broader crypto market rally and interest in meme coins like Dogwifhat. This could positively impact Solana's short-term valuation.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Dogwifhat (WIF) experienced a significant price increase of 34%, reaching an all-time high of 77 cents with a trading volume of $180.9 million. It's now ranked fifth among meme coins by market cap.
The surge in Dogwifhat's price and trading volume, coupled with its position among meme coins and the broader crypto market rally, indicates a strong short-term bullish sentiment. Predictions of reaching a $1 billion market cap and potential exchange listings could further fuel investor interest.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100