Binance has simply introduced the itemizing of Dogwifhat (WIF), a Solana-based token that continues to rise within the memecoin rankings. The worth of the dog-themed coin reacted positively to the information of the announcement and hit an all-time excessive.
WIF is now buying and selling on Binance
At this time, Binance introduced Highly anticipated Dogwifhat Listing. WIF has skilled a wild bull run over the previous few weeks, with the foreign money’s value rising additional following the meme coin frenzy that started over the weekend.
The hat is at all times on, on #binance$WIF Buying and selling will start at 14:00 UTC time.
🐕🧢
— Binance (@binance) March 5, 2024
The most important cryptocurrency alternate revealed that supported spot buying and selling pairs shall be listed and open for buying and selling at 14:00 (UTC) right now. Moreover, withdrawals shall be open on March sixth at 14:00 (UTC).
In accordance with the announcement, Binance’s new spot buying and selling pairs are WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
The alternate warned customers of a “increased than regular danger” of WIF value fluctuations. Because of its comparatively new coin standing, buyers are suggested to do their analysis earlier than deciding to commerce this coin.
Moreover, Binance introduced that seed tags shall be utilized to WIF. The label marks the token as an “modern challenge which will exhibit increased volatility and danger than different listed tokens.”
Because of the existence of seed tags, customers have to go the corresponding exams on the Binance Spot and Binance Margin platforms each 90 days to acquire WIF buying and selling permissions. As said on the Binance help web page, the aim of those quizzes is to make sure that customers perceive the dangers of the token earlier than buying and selling.
The hat is at all times on
Dogwifhat has been experiencing a “turbo parabolic” rally since late February. The rally gained conventional media recognition for dog-themed cash.
Not too long ago, Bloomberg host name deleted WIF and PEPE mentioned “whether or not the period of meme cash is again” on reside TV.
There is no such thing as a doubt that WIF’s efficiency has been outstanding following the memecoin market pullback a couple of weeks in the past, when the value of WIF fell by 30% in 7 days.
On the time, Dogwifhat was the 196th-largest cryptocurrency by market capitalization, in line with CoinGecko. Memecoin climbed to No. 64 in two weeks after buyers took on a number of hats.
Dogwifhat ranks 64th amongst all cryptocurrencies. Supply: CoinMarketCap
Following the announcement, the value of WIF surged from $1.51 to an all-time excessive of $1.90. This value enhance elevated by 25.8% in a single hour.
In consequence, market exercise for dog-themed tokens elevated by 81.17% up to now 24 hours, with a buying and selling quantity of $657.2 million, in line with CoinMarketCap Information.
On the time of writing, Dogwifhat’s value is down 8.2% from the brand new ATH mark up to now hour. WIF’s market capitalization is $1.7 billion, down 2.2% from the day gone by. By this metric, WIF is the fifth largest meme coin. The present value of $1.74 remains to be up 2% in 24 hours.
WIF is buying and selling at $1.7 within the hourly chart. Supply: WIFUSDT on TradingView.com
Featured pictures from X.com, charts from Tradingview.com
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