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- 1 Dogwifhat, a Solana ecosystem-based memecoin, has recently been listed on a major crypto exchange, Crypto.com.
- 2 With this listing, the memecoin gained sudden momentum and was raised by 100%.
- 3 The new management of the Binance platform is expected to support the list of these prominent memecoins.
Currently, the Solana (SOL) ecosystem is experiencing remarkable growth and success. The launch of many new meme coins, in the current and the previous year has gained the attention of new users. It is supporting the growth of the overall ecosystem.
With the recent developments and listings, the Dogwifhat token (WIF) has experienced or observed outstanding growth of more than 100% in the last 24 hours of the trading window. The value of WIF has increased from $0.1319 to $0.2683 within a time frame of four hours. That marked an important milestone in the meme-inspired cryptocurrency community.
Dogwifhat (WIF) is a meme cryptocurrency that operates on the Solana blockchain. It drew inspiration from the Dogwifhat meme. It is categorized along with other dog-themed tokens like BONK, FLOKI, and BONE. All of these coins have gained popularity in the community recently.
WIF recently got listed on Crypto.com. It allows users of Crypto.com to purchase WIF at current market prices for USD, EUR, GBP, and more than 20 fiat currencies.
Crypto.com facilitates that transaction in more than 250 cryptocurrencies, that is, it has currently listed 250+ cryptocurrencies and stablecoins. It supports transactions in all the listed currencies and coins. The popular cryptocurrencies that are listed on Crypto.com are Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), Vechain (VET), USD Coin (USDC), and Cronos (CRO).
Factors Supporting Growth in Value
The driving factor that caused the significant rise in the price of Dogwifhat is its listing on Crypto.com. It is a major cryptocurrency exchange where the memecoin recently got listed.
This listing move has attracted a spotlight on Dogwifhat, raising its market capitalization to $268 Million with a trading volume approaching $10 Million.
Similar Historical Events
It was not the first time that Dogwifhat (WIF) has experienced a significant growth in value in a very short span of time. A few days ago, the MEXC exchange opened its doors to the meme coin, which set the stage for its current on-going explosive growth.
The alluring growth of the hat-wearing Shiba Inu dog has attracted attention towards other meme coins as well. Shibha Inu’s growth has fascinated users of the crypto community. It drove a surge in the posts, which feature the distinctive elements that make Dogwifhat stand out among all the other digital assets.
Future Expectations
The listing on the major crypto exchange, Crypto.com, is expected to boost the liquidity of the Dogwifhat (WIF) token. The Solana (SOL) community is speculating about the next big steps that will further boost the growth of the value of Dogwifhat (WIF).
Richard Teng has been appointed as the new CEO of Binance. With the change in management, the Solana community is expecting that he will soon allow the listing of WIF on the platform. The ongoing growth in value, leading to growth in market cap and average trading volume, supports the exchange’s decision to list Dogwifhat on their platform.
With the major exchanges recognizing the potential of this meme coin, it will attract more and more users to join the community. The journey from being insignificant to becoming a prominent crypto asset, WIF, seems to have gained momentum.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
