Crypto News – Today saw another strong surge for dogwifhat (WIF crypto), the meme coin that recently surfaced from Solana.
Huge Increase in WIF Crypto: Solana Meme Coin Hits 55% Weekly Increase
Based on data from CoinMarketCap, the coin surged to an all-time high price of nearly $0.45. At the time of writing, the coin was trading at $0.4208, up 13.70%. In the last 24 hours, the market capitalization increased by 13.75% to $420,438,113, and the trading volume increased by 80.90% to $149,779,043. With a weekly increase of 55.58% and a 30-day increase of 151.09%, it has been one of the best performers in the market lately.
The Main Reason Behind the Growth of WIF
The fact that Binance launched WIF/USDT perpetual contracts and extended support for the token is probably what caused the most recent surge. Because the company’s product has the multi-assets mode enabled, users can use a range of cryptocurrencies as a margin, including Bitcoin (BTC).
The rise of the meme coin coincides with Solana‘s (SOL) comeback. The latter is up 3% over the last 24 hours and has once again crossed the $100 threshold. WIF has to raise an additional $194 million to break into the top 100 largest cryptocurrency lists. WIF is currently ranked 127th on this list.
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