Dogwifhat Takes Flight
Dogwifhat (WIF), the meme coin with a name that raises eyebrows, has witnessed a meteoric rise of 37% in the past 24 hours. This surge coincides with the exciting news of a potential listing on the prominent cryptocurrency exchange, Coinbase.
Coinbase Fuels the WIF Rocket
On November 13th, Coinbase announced that Dogwifhat had been added to its listing roadmap. This news sent shockwaves through the meme coin community, propelling WIF’s price to a staggering $4.21. This price represents a significant milestone, coming close to its all-time high of $4.83 reached in March of this year.
Read more:Dogwifhat (WIF): The Memecoin with a Shiba in a Pink Hat!
The Meme Coin Trio: WIF, Pepe, and Doge
Dogwifhat’s listing news arrived on a day dominated by meme coins. As reported earlier, Pepe (PEPE) also experienced a significant price jump following listing announcements on both Coinbase and Robinhood. Meanwhile, Dogecoin (DOGE) surpassed the $0.41 mark, fueled by positive sentiment surrounding the U.S. President-elect’s economic policies.
Read more:Dogwifhat’s Bullish Breakout: A 50% Rally on the Horizon?
A Repeat of April’s Rally?
The current surge in WIF’s price echoes the excitement witnessed back in April. During that time, Coinbase initially announced its support for Dogwifhat perpetual futures on its international and advanced platforms. This news sparked a significant rally, demonstrating the power of exchange listings on meme coin valuations.
Coinbase Confirmation and Bullish Bets
Coinbase’s chief legal officer, Paul Grewal, confirmed the inclusion of WIF on their listing roadmap through a post on social media. This news ignited a wave of bullish bets among traders, anticipating increased visibility and demand for Dogwifhat on a major exchange.
Open Interest on the Rise
As the market anticipates a potential Coinbase listing, WIF’s open interest has skyrocketed by over 40%, exceeding $729 million. Open interest represents the total amount of outstanding contracts that haven’t been settled yet, indicating a surge in trading activity and bullish sentiment surrounding the meme coin.
Read more:Dogwifhat’s Golden Run: A Deep Dive into the Rally!
Is WIF the Next Meme Coin Moon Mission?
While Dogwifhat’s recent performance is impressive, it’s crucial to remember the inherent volatility of the meme coin market. Investors should exercise caution and conduct thorough research before making investment decisions.
The potential listing on Coinbase represents a significant opportunity for Dogwifhat, but whether it translates to a sustained price increase remains to be seen. Only time will tell if WIF can replicate the success of other meme coins and reach for the moon.
