Solana

Shiba Inu

dogwifhat

Rise

Coin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/surge-in-meme-coin-popularity-the-rise-of-wif-on-solana" rel="noopener noreferrer nofollow">Surge in Meme Coin Popularity: The Rise of WIF on Solana</a> 
Bitcoin’s recent price stabilization contrasts with the unpredictable movements of certain altcoins and meme coins, a common occurrence in the cryptocurrency market. One such meme coin, dogwifhat (WIF), has gained attention following its listing on the crypto exchange BitMEX for WIF/<a href="https://en.bitcoinhaber.net/tether-takes-an-active-role-in-combating-criminal-activities" rel="noopener noreferrer nofollow">USDT</a> perpetual swap contracts, leading to a significant 25% price increase shortly thereafter.
The meme coin’s value has surged by 330% over the past 30 days, according to CoinGecko, pushing its market capitalization close to $350 million. This growth has placed WIF among the notable coins in the market.
Despite Bitcoin’s lackluster performance, WIF’s rise has caught the eye of many in the crypto community, including BitMEX co-founder Arthur Hayes. BitMEX isn’t the only exchange supporting the meme coin; Bybit also announced the listing of a WIF/USDT perpetual contract with up to 25x leverage.
Previously, Bonk Inu (BONK) had gained prominence, contributing to Solana’s rise and paving the way for investor interest in other meme coins on the network. BONK’s exceptional performance in December positioned it as the third-largest meme coin by market value, behind Dogecoin (DOGE) and Shiba Inu (SHIB).
The involvement of major exchanges like Binance and Coinbase has been a supportive factor, with their large trading volumes enhancing the visibility and traction of meme coins in the market.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/surge-in-meme-coin-popularity-the-rise-of-wif-on-solana" rel="noopener noreferrer nofollow">Surge in Meme Coin Popularity: The Rise of WIF on Solana</a></h5>

Surge in Meme Coin Popularity: The Rise of WIF on Solana

BH NEWS

Other articles published on Jan 17, 2024

Google Bard endorses Arbitrum, Rebel Satoshi, and Filecoin as top tokens for 2024

Crypto Billionaire Justin Sun Withdraws 4 Different Altcoins from Binance: First Time He Used Thi...

Binance Futures To Launch USDC Margin DOGE Perpetual Contract

Financial Services Authority Repeats Its Position Only 7 Years Ago, Impairs Virtual Asset Competi...

Record-Breaking Bitcoin ETF Launch and Its Market Impact

Ripple’s XRP Movement Sparks Fear Amidst Whale Transactions

Join our free newsletter for daily crypto updates!