The Solana meme coin season continues as dogwifhat (WIF) witnesses its market capitalization reach $4 billion on Friday.
WIF touched $4 on Friday early morning, a brand-new all-time high from Solana’s newest dog-themed memecoin.
Dogwifhat Climbs to Third Spot in Memecoin Market Cap Rankings
Throughout the current cost rise, WIF went beyond PEPE to declare 3rd in the rankings. Solana’s inaugural dog-themed meme coin now discovers itself behind WIF. Presently, BONK holds a market capitalization that is practically half the size of WIF.
Memecoin Rankings. Source: CoinGecko
Having actually introduced in November 2023 at a meager cost of $0.0000021, WIF has actually seen a meteoric increase within the crypto sector, climbing up as high as 40 in the overall market cap rankings.
dogwifhat Price Chart. Source: Dexscreener
Solana memecoins continue to see an increase in appeal. The increased interest in trading Solana-based tokens comes off the back of less expensive gas costs. Something Ethereum has yet to conquer. Solana’s Total Value Locked (TVL) just recently broke $4 billion and presently sits at $4.5 billion as interest continues to increase.
Learn more: Dogwifhat (WIF) Price Prediction 2024/2025/2030
The current listing by tier 1 exchanges such as Binance and KuCoin has actually just included reliability to the job, which explains itself on its site as “LITERALLY JUST A DOG WIF A HAT.”
While WIF stays the leading memecoin on Solana, Shiba Inu (SHIB) and Dogecoin (DOGE) stay the leading pets, with market caps 3x and 5x that of WIF. Safe to state no one will be capturing the leading 2 anytime quickly.
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Ryan Boltman is a vibrant and skilled expert with an abundant background in marketing management, organization advancement, and cryptocurrency journalism. With a BCOM in Marketing Management from the University of South Africa and an Honors in Business Management, Ryan has actually sharpened his competence throughout several nations consisting of South Africa, the USA, and the Netherlands. His profession consists of considerable functions in client success, sales management, and material development within the blockchain …
Ryan Boltman is a vibrant and skilled expert with an abundant background in marketing management, service advancement, and cryptocurrency journalism. With a BCOM in Marketing Management from the University of South Africa and an Honors in Business Management, Ryan has actually sharpened his proficiency throughout numerous nations consisting of South Africa, the USA, and the Netherlands. His profession consists of substantial functions in consumer success, sales management, and material production within the blockchain …
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