Get ready for a wild ride in the meme coin world! Dogwifhat (WIF) steals the spotlight with an incredible 50% surge in the past 24 hours, outshining BONK and DOGE. Breaking records, WIF has become the first major meme token to exceed the $1 mark, making waves in the meme coin community.
Here’s some more information.
Breaking the $1 Barrier
Notably, Dogwifhat (WIF) has become the first major meme token to breach the $1 price threshold. Meanwhile, these Meme tokens typically have large circulating supplies, and until now, major meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) have not crossed the psychologically significant $1 mark.
Binance Listing Fuels the Fire
The surge in WIF’s value can be attributed to its recent listing on the popular Binance exchange. The first day on Binance saw a whopping $219 million in WIF trades, propelling the meme coin to an impressive $2.24 and a market cap exceeding $2 billion in just three short months.
WIF is riding high on a wave of demand, boasting a daily trading volume of $489 million, according to Santiment’s data. While indicators hint at overbought conditions in the short term, the Chaikin Money Flow (CMF) shows a steady influx of liquidity, supporting the ongoing price rally.
Read More: Top Meme Coins That Will Make You Millionaire This Bull Market
A closer look at WIF’s recent performance reveals a story of consistent bullish momentum. With 20 positive candles in the last 30 days, accounting for 67% of the observed period, investor confidence and interest in WIF are on the rise.
The Sentiment? Cautious Optimism
With substantial liquidity and a strong market cap, WIF appears well-positioned for future price movements. However, predicting a swift climb to $3 in the coming days requires a careful analysis.
As the meme coin fever continues, keep a close eye on WIF as new developments come up.
Also Read: The Top Most Dynamic Meme Coins Are Ready For A Moonshot!
