TL;DR
- Dogwifat (WIF) hits a new high of $0.94, moving it closer to a market cap of $1 billion.
- Although the meme coin market has experienced a significant rise, it remains volatile and risky.
Dogwifhat (WIF)’s rise seems unstoppable, with its price hitting an all-time high of $0.94 a few hours ago (according to data from CoinGecko). Its market capitalization approached the staggering $1 billion level, making it the fifth largest meme coin.
The recent rally was likely fueled by Robinhood's decision to allow trading services with WIF. The first development was disclosed According to Colin Wu, a popular Chinese reporter, and also on the official website of the investment platform. show Verify that Solana-based meme coins are indeed one of the supported digital assets.
WIF's triple-digit rise in one week caught the attention of many industry players.Arthur Hayes – Co-founder and former CEO of BitMEX – Recently Posted Chart of Coin’s Significant Price Increase in X, “Who is WIF me?”
A few months later, he jokingly shared a photo of himself wearing the hat (referring to the token name and logo).
WIF is not the only meme coin to experience a significant price increase recently. Floki Inu (FLOKI) is up 65% on a 7-day scale, Bonk Inu (BONK) is up 87%, and Pepe Coin (PEPE) has exploded up 150%.
Leaders in this space – Dogecoin (DOGE) and Shiba Inu (SHIB) – Although more modest, it is also very environmentally friendly.
Despite the overall bullishness and potential for large profits, traders should keep in mind that trading memecoins can be extremely risky due to their notorious volatility. is needed.
To learn more about the niche, the different types of tokens, and the risks associated with them, watch the dedicated video below.
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