Dogwifhat soars 71%, becomes 9th largest memecoin

CoinGecko, the world’s largest independent cryptocurrency data aggregator, reports that dogwifhat is the top-gaining coin on Jan. 9 with a 71.4% surge in price.

In examining the historical performance of dogwifhat (WIF), it’s worth noting that the all-time low for this cryptocurrency occurred on Dec. 13, when the token was trading at $0.001555, a figure documented over the past 27 days. The current price reflects an increase of 8,748% from this historical low.

Turning to the daily market activity, the trading volume for WIF stands at just over $21 million within the last 24 hours, 108.4% from the previous day, suggesting increased market engagement and recent heightened trading activity. In response, WIF has achieved a prominent position among the top 300 digital assets in the cryptocurrency market, representing a noteworthy milestone for the memecoin within the Solana ecosystem.

As per the most recent data from CoinMarketCap, WIF has solidified its standing as the ninth-largest meme coin by market capitalization, further establishing itself as a significant player in the meme token sector.

The recent surge in the value of dogwifhat is closely tied to the overall positive sentiment prevailing in the broader cryptocurrency market, with a notable focus on altcoins. Solana is a key player in the recent growth observed in the crypto market, which has seen 7% growth in the past 24 hours.

This uptrend had a cascading impact on all Solana-based tokens, and Dogwifhat, in particular, has benefited from this momentum.