Among the new tokens that will soon be listed on the Coinbase exchange, we find Dogwifhat (WIF). Following this announcement, the price of memecoin jumped and its price reached ceilings that it had not seen for more than 8 months.
Dogwifhat (WIF) arrives on Coinbase, its price increases by 25%
The Dogwifhat (WIF) memecoin has just arrived on Coinbase. This Wednesday, the exchange announced its intention to list the token on its platform. Following this announcement, the price of the cryptocurrency based on the Solana blockchain jumped, recording a 25% increase over the last 24 hours and trading at just over $4.
👉 What is Dogwifhat (WIF)? This new dog memecoin that’s causing a sensation
Launched in December 2023, the price of WIF had exceeded the 4 dollar mark last March for the first time in its short history, placing it in 3rd place among memecoins with the highest capitalization. However, its price fell in the following monthsstruggling to cross the $3 mark.
However, Coinbase has decided to offer its users to invest in Dogwifhat. The exchange had assured that if the liquidity conditions are met, the WIF would be listed on its platform from Wednesday evening. Having fulfilled these requirements, the token is now tradable on Coinbase on the WIF/USD trading pair.
The Solana network (SPL token) contract address for dogwifhat (WIF) is EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 13, 2024
Currently, with a market capitalization more than 4 billion dollarsthe WIF is placed at the 31st place of the ranking of crypto capitalizations. For now, as far as memecoins are concerned, only Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE are in front of the Dogwifhat.
Furthermore, the PEPE price has increased by 77% in the last 24 hours for the same reasons as the WIF. The memecoin was also listed on Coinbasewhich undeniably increased its price.
Coinbase: register on the most famous crypto exchange in the world
Source: Coinbase, CoinGecko
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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