Witness the meteoric rise of Dogwifhat, a meme coin that not only captured the crypto community's imagination but also achieved a staggering price of $1.33, thanks to its Robinhood Europe listing.
Stay tuned for an in-depth look at the factors propelling Dogwifhat's skyward trajectory and what this means for the future of meme coins in the digital currency landscape.
Price Surge of Dogwifhat (WIF) to $1.33
On March 1, 2024, Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, witnessed a significant price surge, reaching around $1.33.
Dogwifhat (WIF), a new canine-themed meme coin launched in November 2023, had previously seen a remarkable price increase in January of this year. Within just ten days, its value soared approximately 8-fold, from $0.065 to $0.54.
Despite experiencing a decrease in price to $0.17 in February, the trend reversed around February 25, leading to a continuous price increase. Currently, the coin's value has significantly surpassed its previous all-time high, recorded in January, hitting $1.33.
Robinhood Listing Boosts Dogwifhat’s Price?
The further price spike of Dogwifhat (WIF) on March 1, 2024, is believed to be influenced by its listing on the popular investment app, Robinhood Europe.
Robinhood, known for handling a variety of assets including cryptocurrencies, has a notable impact on cryptocurrency prices.
Robinhood, a well-regarded investment app in the United States, had quietly begun handling Dogwifhat (WIF) on March 1, 2024, as widely reported. This development is thought to have contributed to the subsequent price increase of WIF.
According to the official website, as of March 2, 2024, Robinhood Europe allows trading of the following cryptocurrencies, with plans to support more in the future:
- Aave (AAVE)
- Cardano (ADA)
- Arbitrum (ARB)
- Cosmos (ATOM)
- Avalanche (AVAX)
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Compound (COMP)
- Dogecoin (DOGE)
- Polkadot (DOT)
- EOS (EOS)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- Fantom (FTM)
- The Graph (GRT)
- Chainlink (LINK)
- Litecoin (LTC)
- Decentraland (MANA)
- Polygon (MATIC)
- Near (NEAR)
- Pepe (PEPE)
- The Sandbox (SAND)
- Shiba Inu (SHIB)
- Solana (SOL)
- Celestia (TIA)
- Uniswap (UNI)
- USDC (USDC)
- Dogwifhat (WIF)
- Stellar Lumens (XLM)
- Ripple (XRP)
- Tezos (XTZ)
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