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Dogwifhat (WIF), a meme coin primarily based on the Solana (SOL) blockchain, has seen its worth instantly surge by 30% previously 24 hours. WIF hit an intraday excessive of $0.2356, sustaining positive aspects from the day prior to this’s low of $0.17.
As of writing, WIF is up 30% previously 24 hours to $0.233. The worth enhance coincides with optimistic sentiment within the cryptocurrency market, as Bitcoin and different main currencies have additionally seen positive aspects.
Likewise, one other potential motive could possibly be WIF’s itemizing on main cryptocurrency trade Bitfinex.
Bitcoin The itemizing of WIF was introduced in a put up on February seventh. In accordance with the official weblog put up, WIF deposits will open on February 7, 2024 at 4:00 pm UTC. WIF buying and selling begins on February 8 at roughly 1:30 pm UTC. WIF can be tradable towards the U.S. greenback (WIF/USD) and Tether tokens (WIF/USDt). Withdrawals are anticipated to open on February 9 at roughly 1:30 PM UTC.
The information was warmly welcomed by the Dogwifhat group, with the official Dogwifhat X account asserting the milestone.
WIF quietly debuted in November, then skilled its first main worth enhance in December. It rose even larger, reaching an all-time excessive of $0.481 final month earlier than falling to a low of $0.17 on February 7 earlier than recovering.
With a present market capitalization of $234 million, WIF ranks because the 198th largest cryptocurrency and the seventh largest meme coin. Buying and selling quantity exceeded $60 million on the ultimate day.
Solana, the fifth-largest cryptocurrency by market capitalization, seems to be driving the wave of WIF and the broader cryptocurrency market, rising 10% to $104. SOL regained $100 ranges once more, with FUD fueling a worth rally after the blackout that fearful merchants on Monday proved to be a neighborhood low.
