Explore the astounding journey of Dogwifhat (WIF), a Solana-based meme coin, as it witnesses a meteoric rise in value, climbing to the top 5 in the meme coin market cap rankings and surpassing established names like 'FLOKI'.
Dive into the details of this exciting development in the world of cryptocurrency.
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Price Surge of Dogwifhat (WIF) from $0.065 to $0.45
Following the significant attention garnered by the price surge of the meme coin Bonk (BONK) on the Solana (SOL) platform at the end of last year, a new meme coin named Dogwifhat (WIF) has been quietly drawing interest with its own price increase.
Dogwifhat (WIF) is a meme coin based on the Solana blockchain. It is currently listed not only on decentralized exchanges (DEX) but also on cryptocurrency exchanges like Gate.io, MEXC, and CoinEX.
As of January 8, 2024, the price of WIF had dropped to around $0.065. However, it has since seen a significant rise, reaching more than six times its value at $0.45 as of today, January 18.
Dogwifhat (WIF) Enters Top 5 in Meme Coin Market Cap Ranking
During Bonk (BONK)'s price surge, attention was drawn to its ranking third in the meme coin market capitalization ranking. Similarly, WIF's recent price increase has propelled it into the higher ranks.
According to CoinMarketCap, as of the time of writing, WIF ranks fifth in the meme coin market cap ranking, surpassing the well-known meme coin 'FLOKI' in terms of market capitalization.
Meme coins are known for their volatile price fluctuations. While significant price increases are often followed by rapid declines, caution is advised when trading.
Nevertheless, the surge in the price of WIF, following that of BONK, has brought renewed attention to Solana-based meme coins.
Additionally, it was recently reported on January 17 that Solana Mobile had started pre-sales for its second-generation Web3 smartphone "Chapter 2."
>> Click here for the latest articles related to Solana (SOL).
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Solana Mobile Launches Pre-Sale of Its 2nd Generation Web3 Smartphone 'Chapter2'
Discover the exciting launch of Solana Mobile's 'Chapter2', a cutting-edge Web3 smartphone. With pre-sales now open, learn about its pricing, referral rewards, and exclusive features in this comprehensive guide.
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