The Rise of Dogwifhat (WIF)
A new meme coin called dogwifhat (WIF), which is built on the Solana blockchain, has experienced a significant surge in price. Today, its price has risen by over 30% and surpassed the $0.30 mark.
Bitget’s Support for WIF
The reason behind this upward trend is likely due to the support from Bitget, a major cryptocurrency exchange. They have added WIF to their Innovation and Meme Zone, where they evaluate trending tokens for a period of 60 days. If the token meets certain criteria, it may be listed on the platform.
Other exchanges that have recently embraced dogwifhat include Binance, Bybit, and BitMEX.
The Influence of SOL’s Price Resurgence
Another factor contributing to WIF’s rise could be the price resurgence of Solana (SOL), which has seen an 8% increase in value on a daily scale.
The Successes of Other Solana Meme Coins
Dogwifhat is not the only meme coin on the Solana blockchain that has gained attention. Bonk Inu (BONK) received support from leading exchanges like Binance and Coinbase, and its market capitalization reached over $2 billion in mid-December. However, its value has since decreased to around $670 million.
Myro (MYRO) is another meme coin that has been in the spotlight recently. Its value has skyrocketed by almost 1,000% in the past month, reaching an all-time high of nearly $0.25. Currently, it trades at around $0.21.
Hot Take: The Popularity of Solana Meme Coins
The rise of dogwifhat (WIF) and other meme coins on the Solana blockchain demonstrates the growing popularity of these assets. With support from major exchanges and significant price increases, these tokens are capturing the attention of crypto enthusiasts. As the crypto market continues to evolve, it will be interesting to see how these meme coins fare in the long run.
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