Dogwifhat WIF: Meme Coin Rallies on Exchange Listings and New Launches – Blockonomi


TLDR

WIF has demonstrated astonishing growth of over 50,000% since first launching in December 2023. Its recent all-time high of $1.01 showcases the market’s enthusiasm for dog-themed meme coins.

Major exchange Binance has already demonstrated interest by launching futures trading for WIF at 50x leverage. Many now predict listings on top exchanges like Coinbase could be imminent.

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24 Hour WIF price, from Coingecko

The meme coin frenzy hasn’t been limited to WIF, however.

Top dog Dogecoin has itself gained 46% over the past week, reaching price levels not seen since the 2021 bull run.

Other meme coins have posted even more staggering numbers, like Shiba Inu‘s 38% weekly gain and Bonk’s 95% seven-day increase.

The surge extends beyond just dog coins as well. Crypto traders are seeking new high-risk, high-reward opportunities across the meme coin landscape. For example, the recent launch of Frogwifhat (FWIF) capitalized on the success of frog-themed meme coin Pepe Coin in 2023. FWIF achieved a $4 million market cap within hours of launching.

The robust health of the meme coin market points to traders looking beyond stagnating bluechip cryptos for big gains.

And there could be more room to run – with the anticipated 2024-2025 bull market expected to take the crypto market cap into the trillions, triple-digit returns from the likes of WIF, FWIF and other speculative plays could be on the cards.

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Author: Oliver Dale


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