Dogwifhat Raises $650K To Put Meme Coin On Las Vegas Sphere: 'This Cycle Is Going To Get Crazier' Crypto Writer Says
Portfolio Pulse from Chris Katje
Dogwifhat (CRYPTO: WIF), a meme coin built on the Solana blockchain, has raised over $650,000 to feature its image on the Las Vegas Sphere's digital screen, owned by Sphere Entertainment Co (NYSE:SPHR). This campaign has contributed to Dogwifhat reaching a new all-time high of $2.68. The coin's visibility on one of Las Vegas's largest screens is expected to further increase its popularity and market capitalization, which currently stands at $2.65 billion.
March 13, 2024 | 9:51 pm
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POSITIVE IMPACT
Sphere Entertainment Co, owner of the Las Vegas Sphere, is gaining attention as Dogwifhat's advertisement on its digital screen has gone viral, potentially increasing the venue's advertising revenue.
The successful campaign by Dogwifhat to feature its image on the Las Vegas Sphere highlights the venue's capability to attract high-profile advertisements. This not only brings additional revenue from the Dogwifhat community but also increases the Sphere's visibility as a prime advertising location, potentially attracting more high-value advertisers in the future.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dogwifhat, a meme coin, has successfully raised funds to advertise on the Las Vegas Sphere, reaching a new all-time high of $2.68 with a market cap of $2.65 billion.
The successful fundraising and subsequent advertisement on a prominent platform like the Las Vegas Sphere have significantly boosted Dogwifhat's visibility and appeal, leading to a new all-time high in its price. This visibility, combined with the coin's meme appeal and the current bullish sentiment in the cryptocurrency market, suggests a positive short-term price impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100