A new meme cryptocurrency, dogwifhat (WIF), is having a moment. After being added to the Coinbase exchange, its price has skyrocketed.
Coinbase Listing Sends Prices Up
Coinbase, a major US cryptocurrency exchange, announced that WIF is now available on its platform. Users can buy, sell, and trade the coin through the website and mobile apps. This news sparked a significant price jump.
From Under $3 to Over $4
Before the Coinbase listing, WIF was trading around $2.99. Following the announcement, it climbed to over $4.05 – a roughly 34% increase. This is a huge jump, especially considering its price was just $1.92 the day before the recent presidential election.
A Quick Rise to Fame
WIF, launched just last December on the Solana blockchain, features a Shiba Inu wearing a pink hat. It quickly gained traction within the crypto community. Interestingly, one crypto analyst predicted a price drop earlier this year, but WIF ultimately defied the prediction.
Disclaimer
Remember, investing in cryptocurrencies is risky. Do your research before investing any money. This information is for general knowledge and shouldn’t be considered financial advice.
