Shiba

Solana

when

Shiba Inu

The Dogwifhat token took third place in market capitalization of all meme coins, overtaking Pepe. 
According to CoinGecko, Dogwifhat (<a href="https://crypto.news/price/Dogwifhat/" target="_blank" rel="noreferrer noopener">WIF</a>), with a market cap of $3.6 billion, is currently second only to meme giants Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="noreferrer noopener">DOGE</a>) and Shiba Inu (<a href="https://crypto.news/price/Shiba-Inu/">SHIB</a>), whose market caps are $31.1 billion and $18 billion, respectively. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="176" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-29-at-16.38.19-1024x176.png" alt="Dogwifhat becomes 3rd largest meme coin in market capitalization - 15" class="wp-image-14261985">
 <figcaption class="wp-element-caption">
 Source: CoinGecko
 </figcaption>
</figure> 
Over the past 24 hours, WIF has also become one of the primary growth leaders, as the coin’s price increased by more than 16%, reaching an all-time high (<a href="https://crypto.news/tag/ATH/" target="_blank" rel="noreferrer noopener">ATH</a>) of $4.01 on March 29. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="606" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-29-at-16.59.10-1024x606.png" alt="Dogwifhat becomes 3rd largest meme coin in market capitalization - 16" class="wp-image-14261986">
</figure> 
CoinGecko’s data also shows that the meme coin category has grown by an average of 8%, outperforming larger niches such as decentralized finance, yield farms, and exchange tokens. 
Meme tokens began to surge on March 28 amid rumors that DOGE would be used in social app X’s upcoming payment service, although there has been no official word from the company. 
<a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> Co-Founder Vitalik Buterin also <a href="https://crypto.news/ethereums-buterin-slams-solanas-racist-meme-coins-urges-better-projects/" target="_blank" rel="noreferrer noopener">paid</a> attention to the meme coin market, considering various options for using this asset class, including financing public projects. In particular, he proposed using meme coins to raise funds for charity. In addition, Buterin proposed expanding the scope of meme coins and introducing them into the gaming industry. 
Buterin also pointed out that in 2024, meme coins have become one of the main topics of discussion in the community. He drew a parallel between the 2021 bull market when <a href="https://crypto.news/tag/Dogecoin/" target="_blank" rel="noreferrer noopener">Dogecoin</a> and <a href="https://crypto.news/tag/Shiba-Inu/" target="_blank" rel="noreferrer noopener">Shiba Inu</a> coins were at their peak in popularity. 
 You might also like: <a href="https://crypto.news/shiba-inu-price-targets-200-gains-despite-solana-memes-dogecoin-dominance/"> Shiba Inu price targets 200% gains despite Solana memes, Dogecoin dominance </a>

Dogwifhat becomes 3rd largest meme coin in market capitalization

crypto.news

Other articles published on Mar 29, 2024

Solana (SOL) in Focus: Consolidation Phase Hinting at Upcoming Highs?

KuCoin Faces US Investigation and Market Impact

Prisma Finance: Hacker Claimed ‘Whitehat Rescue’ After $11.6M

AI Cryptos Pump as SingularityNET, Fetch.ai See Gains & eTukTuk Raises $2.5M

Stablecoin delistings in Europe spell change for crypto exchanges, issuers

Daily Market Revie: BTC, ETH, WIF, BTT, DOGE

Join our free newsletter for daily crypto updates!