Dogwifhat surges after Binance listing, SHIB and FLOKI also up
Meme coins have dominated crypto headlines, as Dogwifhat has recorded a nearly 50% price increase in the last day following the Binance listing.
The timing of Dogwifhat’s listing on Binance coincides with the increasing momentum of meme coins in the crypto space, driven by endorsements from influential figures and rising investor interest. Dogwifhat’s listing on Binance has significantly boosted its visibility and market presence, establishing it as a prominent player in the evolving landscape of meme cryptocurrencies.
Within the cryptocurrency community, there’s widespread speculation that Dogwifhat (WIF) could surge to $3 soon. The optimism stems from observed market trends and potential catalysts, including listing on the Binance exchange.
The listing of Dogwifhat on Binance has triggered a significant price surge for the meme cryptocurrency, highlighting the growing interest and investment in this digital asset. The listing marked a pivotal moment for Dogwifhat, with now live trading pairs, including WIF/BTC, WIF/USDT, and WIF/FDUSD.
Binance’s decision to list Dogwifhat with a seed tag indicates higher volatility and risk and demonstrates the exchange’s support for innovative and emerging digital assets like WIF.
Binance’s Seed Tag is reserved for innovative projects with greater risks. To trade tokens marked with the Seed Tag, users must complete corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms and agree to the Terms of Use.
Binance has cautioned users about WIF’s status as a relatively new token, highlighting its higher risk profile and potential for significant price fluctuations. Binance’s choice to list Dogwifhat without charging a listing fee underscores its embrace of the meme coin movement and commitment to fostering a diverse range of cryptocurrencies.
The exchange advises users to employ adequate risk management practices, conduct comprehensive research into WIF’s fundamentals, and fully comprehend the project before engaging in token trading activities.
Dogwifhat is a meme coin built on the Solana blockchain, characterized by a dog wearing a hat. Inspired by the success of meme-based cryptocurrencies like Dogecoin and Shiba Inu, which have garnered considerable interest from investors and the broader crypto community, the project aims to leverage this trend.
At the time of writing, Dogwifhat (WIF) is trading at $2.07, with a market cap of over $2 billion, according to CoinGecko.
Shiba Inu and Floki record gains
Shiba Inu (SHIB) and FLOKI (FLOKI) have attracted significant attention in the cryptocurrency market due to their price movements, which have piqued the interest of investors and analysts.
Shiba Inu is trading within a specific range, with support levels around $0.00003428 and resistance levels at $0.00003800, reflecting a significant 216% increase over the past seven days.
FLOKI, often dubbed the “people’s cryptocurrency,” has gained recognition within the digital financial landscape, stemming from the Shiba Inu community.
The charts suggest that FLOKI may experience a notable increase in value and possibly rise to $0.00016000. If the current bullish momentum is sustained, the memecoin could potentially hit $0.0001700 by the end of the year.
Moreover, drawing insights from historical price movements and Bitcoin (BTC) halving cycles, both price predictions appear promising.
