WIF reaches new ATH as memecoins gain bullish momentum

Meme coins have gained bullish momentum again as investors shift focus to altcoins. One of the latest additions to the category, dogwifhat (WIF), leads the top gainers’ list with double-digit gains.

WIF is up by 43% in the past 24 hours and is trading at $3.23 — marking a new all-time high — at the time of writing. The meme coin’s market capitalization is currently hovering at $3.22 billion, making it the 45th-largest digital asset.

The Solana-based dog-themed token’s daily trading volume registered a 104% rally, reaching $774 million.

On March 10, one of the leading contributors to the meme coin’s advertising campaign, known as Ansem on X, said the ad is fully funded. Per the X post, the team behind the WIF movement collected over $690,000 in USDC to advertise the meme coin on the Sphere in Las Vegas.

Moreover, the largest meme coin, Dogecoin (DOGE), gained 8.35% over the past day and is currently trading at $0.187 — a level not seen since December 2021. 

Dogecoin’s surge came after the billionaire Teslas CEO hinted at enabling DOGE payments for purchasing Tesla’s electric vehicles. 

Shiba Inu (SHIB) also recorded a 2.3% hike in the past 24 hours and is trading at $0.000033 at the reporting time. SHIB’s market cap is currently $7 billion away from DOGE’s and is currently sitting at $19.9 billion.

Furthermore, Pepe (PEPE) recorded 20% over the past day and briefly touched a new all-time high of $0.0000107 at around 06:00 UTC on March 14. PEPE is currently trading at $0.0000105 with a total market cap of $4.45 billion.

FLOKI is also getting close to its all-time high of $0.00034 in November 2021. The meme coin is currently trading at $0.00029.

According to data from CoinMarketCap, the total meme coins’ market capitalization increased by 7.3% in the past 24 hours and is sitting at $65.5 billion at the time of writing. 

The total 24-hour trading volume of the category also surged by 35% and is hovering at $12 billion.