The Solana-based meme token Dogwifhat (WIF) has surged another 10% in the past 24 hours, reaching $1.1 Over the past week, WIF has experienced a remarkable 200% surge amidst a significant rally in the meme coin sector.
The leading memecoin Dogecoin ( $DOGE$) has also seen a notable 45% increase in the weekly chart, contributing to the overall sector rally.
Robinhood Expands Support for Dogwifhat (WIF) In a recent announcement, Robinhood Crypto revealed its decision to list Dogwifhat (WIF) on its platform, expanding its range of supported cryptocurrencies. Market data from CoinGecko indicates that WIF is currently trading at $0.96, reflecting a 5.3% increase in value over the past 24 hours. This move by Robinhood signifies the platform’s ongoing expansion into the cryptocurrency market, providing users with access to a diverse selection of digital assets for trading and investment.
The widely used zero-fee trading platform Robinhood has been increasingly embracing the crypto space, contributing to regulatory transparency and further maturity in the industry.
In February, Robinhood announced a strategic collaboration with MetaMask, a ConsenSys product, aimed at streamlining the process of purchasing cryptocurrencies. This partnership aims to enhance user experience by combining Robinhood’s efficient order engine with MetaMask’s popular digital wallet, offering users a seamless and secure platform to engage with Web3 technologies.
Price Expectations for WIF With WIF setting its sights on a $1,5 target per token, some investors may have concerns about the timing of their investment in Dogwifhat. However, with a market capitalization still below $1 billion, this meme coin potentially has significant room for growth.
Considering the market cap highs reached by both Dogecoin and Shiba Inu in 2021, and the current bullish market momentum, Dogwifhat has the potential to achieve substantial gains. Thus, Dogwifhat could emerge as a prominent performer during the upcoming crypto bull run expected over the next two years.
Investors seeking high-risk opportunities with the potential for significant returns may also want to explore other emerging tokens.
While dog-themed meme coins have dominated the market, 2023 saw the success potential of frog-themed Pepe Coin, highlighting the strength of frog meme coins. This sentiment has led to the introduction of a newly launched coin named Frogwifhat (FWIF), which debuted on Monday via Uniswap and quickly achieved a market capitalization of $4 million within hours.
