As a seasoned crypto investor with a knack for spotting trends and a soft spot for meme coins, I find myself intrigued by the recent surge in Dogwifhat (WIF). The news of its listing on Coinbase has sent ripples through the market, much like when I first discovered the joy of mining Bitcoins in my basement back in 2010.
In the last 24 hours, there’s been a significant increase of over 37% in the value of Dogewhatever, as its price spiked following the announcement that it would be listed on cryptocurrency exchange Coinbase.
As a crypto investor, I was thrilled when Coinbase shared on November 13th that they were planning to list Dogewhatt (WIF) in the future. This announcement caused a significant surge in the price of Solana’s (SOL) meme coin, pushing it up to $4.21 – a level not seen since March when the bulls reached the all-time high of $4.83 for WIF.
The recent news has sparked enthusiasm in the Dogwifhat market as WIF now joins Pepe (PEPE) and Dogecoin (DOGE) among today’s most popular meme coins. As crypto.news previously reported, the price of Pepe surged following announcements about its listing on Coinbase and Robinhood.
As I observe the market dynamics, it’s noteworthy that Dogecoin (DOGE) surpassed the $0.41 mark, a significant milestone, following the U.S. President-elect Donald Trump’s announcement. This announcement, in particular, highlighted Elon Musk and Vivek Ramaswamy as the heads of the Department of Government Efficiency initiative. The Dogecoin ecosystem seems to be celebrating this development, potentially viewing it as a positive sign for the future.
For WIF, the recent updates from Coinbase have revitalized the optimistic outlook that surfaced around the token in April. This was when the international and advanced platforms of the U.S.-based cryptocurrency exchange first indicated support for Dogwifhat perpetual futures.
On platform X, Paul Grewal, Coinbase’s top legal officer, announced that they will be adding WIF to their listings. As stated by Grewal, the decision to include this meme coin in their future plans is part of their strategic intentions for listing it.
Given the general optimism among traders regarding listings, especially on prominent exchanges like Coinbase and Binance, the recent announcement of a listing for Dogewhat has sparked optimistic wagers. As investors look forward to enhanced exposure and demand for the meme token, Open Interest in WIF has surged by over 40% to exceed $729 million.
The token traded at $4.14 at the time of writing, about 14% off its all-time high.
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2024-11-13 23:20