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Bittime - The meme coin craze trend continues, with Dogwifhat (WIF), a Solana-based project, surging in popularity. The recent surge can be attributed to several factors, including listing on leading trading platform Robinhood and support from influential figures in the crypto community.
Also Read: Meme Coins on Ethereum and Solana Soar Up to 50%, One of them is PEPE
What is Dogwifhat (WIF)?
Dogwifhat (WIF) is a meme coin based on the Solana blockchain. The coin is gaining popularity due to its active community and support from top crypto influencers. WIF was recently listed on the trading platform Robinhood, and there is speculation that the coin will be listed on major exchanges such as Coinbase and Binance.
Also read : What is Meme Coin and Why is it Popular?
In short, Dogwifhat is a rising meme coin with great potential, but investors should always do their own research before investing.
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Listing on Robinhood Marks a Historical Milestone
Robinhood's decision to list WIF marks a potential turning point for the meme coin. Although often dismissed as speculative and volatile, WIF's inclusion on a platform known for its user-friendly interface and accessibility indicates its increasing legitimacy within the mainstream financial landscape.
This development comes hot on the heels of Robinhood's integration with Arbitrum, an Ethereum Layer 2 solution, further expanding its offerings for crypto enthusiasts.
Also Read: Arbitrum Robinhood Wallet Integration, Convenience on the Ethereum Layer 2 Network!
Community Hype and Influencer Influence
WIF's initial radiance can be traced back to Ansem, a prominent crypto analyst. However, the recent price spike appears to be directly linked to the involvement of Hsaka, a prominent crypto influencer.
A social media post featuring a wolf wearing a hat, interpreted as a reference to WIF, pushed the coin's price up 75% in two days, pushing it to a record high of $1.01.
Speculation Surrounds Future WIF Listings
Hsaka, who is known for his accurate predictions and market insights, has hinted at the possibility of major exchanges listing WIF in the near future.
This speculation stems from the coin's incredible trading volume exceeding $1 billion, exceeding expectations for such a fledgling project. Although Binance currently offers perpetual contracts for WIF, it does not yet feature spot trading. Coinbase, a big player in the US market, had not listed the coin at all at the time of writing (01/03/2024.
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Vigilance and Due Diligence Remain Important
While the prospect of Coinbase and Binance potentially listing WIF is beyond doubt, it is important to approach this information with caution and careful research. Meme coins, by their very nature, carry inherent risks.
Investors should not base their decisions solely on speculation or social media hype.
Conducting independent research, understanding the fundamentals of the project, and implementing proper risk management strategies are essential before investing in any cryptocurrency.
Dogwifhat's recent surge highlights the dynamic nature of the crypto market, where hype and influencer influence can have a significant impact on prices.
As this project navigates its future, it is important for investors to stay informed, exercise caution, and conduct their own due diligence before making any investment decisions.
Dear Beli Crypto from Bittime
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To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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