Dog-themed meme gold coin Dogwifhat (WIF) has leaped by 4% previously day, after it had been silently listed on Robinhood’s European crypto buying and selling platform.
The Solana-based WIF may be the top artist among CoinGecko’s oddly-specific “dog-themed coins” category in the last week, up an enormous 224.5% rise within the last 7 days.
It’s a part of a canine gold coin surge in the last week that’s seen pack leader Dogecoin up 46.4%, Shiba Inu gain 38.4% and Dogwifhat’s Solana kennel-mate BONK get an astounding 95.3%.
Meme coins generally have experienced a bumper week, using the frog-themed PEPE up 154.3%, the chicken-themed Coq Inu up 50%, and also the Trump-themed MAGA token up 85.1% in the last 7 days.
They have outpaced management Bitcoin (up 21.9% previously week) and Ethereum (up 16.7% within the same period) among a broader crypto market rally that’s seen the worldwide market cap of cryptocurrencies jump to $2.42 trillion.
Meanwhile, Solana, the blockchain network atop which Dogwifhat and BONK are made, has witnessed its SOL token 4.9% previously day and 31.8% within the week.
Dogwifhat, meme coins, and also the wider crypto market
Bitcoin’s cost has surged past $60,000, reaching levels not seen since 2021, among growing institutional curiosity about Bitcoin. It comes down around the heels of multiple place Bitcoin ETFs launching within the U.S., and among mounting anticipation round the Bitcoin block reward halving event set to occur in April.
Meme coins, crypto tokens inspired by memes and current occasions, normally have greater volatility than utility tokens and established cryptocurrencies like Bitcoin.
Some meme coins have shown remaining power Dogecoin, initially produced in 2013 like a joke, has ended up among the top ten cryptocurrencies by market cap. However, many meme coins burn up rapidly, because of low liquidity, extractive tokenomics and cultural trends moving forward in the speed of social networking.
Edited by Stacy Elliott.
