dogwifhat

Peanut the Squirrel

Peanut

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TL;DR
<ul>
 <li>WIF’s solid price increase happened shortly after Coinbase allowed trading services with the asset.</li>
 <li>Its momentum comes amid intense competition in the meme coin market, with tokens like PEPE, DOGE, and PNUT exploding by triple and even quadruple digits in the past week.</li>
</ul>
<h2 id="a-href-https-cryptopotato-com-wp-content-uploads-2024-11-wif_cb-3-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/WIF_CB-3.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="span-data-preserver-spaces-true-wif-in-the-spotlight-again-span">WIF in the Spotlight Again</h2>
The biggest Solana-based meme coin – dogwifhat (WIF) – saw its price pumping by over 40% in the past 24 hours. Currently, it trades at $4.30 (per CoinGecko’s data), a level last observed in April this year.&nbsp;
<figure id="attachment_370624" aria-describedby="caption-attachment-370624" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-370624" src="https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price.png" alt="WIF Price" width="577" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price.png 1043w, https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price-300x208.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price-1024x710.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price-768x532.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/WIF-Price-50x35.png 50w" sizes="(max-width: 577px) 100vw, 577px"></a>
 <figcaption id="caption-attachment-370624" class="wp-caption-text">
 WIF Price, Source: CoinGecko
 </figcaption>
</figure>
WIF’s valuation started rallying shortly after the leading crypto exchange Coinbase listed the asset on its platform.&nbsp;
<blockquote class="twitter-tweet">
 dogwifhat (WIF) is now live on <a href="https://t.co/CD3RBjukqm" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CD3RBjukqm</a> &amp; in the Coinbase iOS &amp; Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. <a href="https://t.co/676miKRZ4P" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/676miKRZ4P</a>
 — Coinbase Assets ️ (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1856812061873045697?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">November 13, 2024</a>
</blockquote>
It is worth noting that this is not the first time the company has supported the meme coin. Earlier this year, it <a class="editor-rtfLink" href="https://cryptopotato.com/solanas-top-meme-coin-soars-by-15-following-support-from-coinbase-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">launched</a> WIF perpetual contracts, triggering another price increase.&nbsp;
Listing on a major crypto platform like Coinbase makes the involved assets more accessible, potentially increasing the demand. It also leads to enhanced liquidity and improved credibility. These are all factors that may result in a price rally.
Other well-known exchanges that have allowed trading services with WIF over the past several months include <a class="editor-rtfLink" href="https://cryptopotato.com/solana-meme-coin-wif-hits-ath-after-120-weekly-surge-possible-reasons/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Binance</a>, BitMEX, Kraken, Huobi, KuCoin, and more.&nbsp;
<h2 id="span-data-preserver-spaces-true-trying-to-catch-up-with-pepe-span">Trying to Catch up With PEPE</h2>
WIF has a current market capitalization of around $4 billion, making it the fourth-largest meme coin. It trails behind Pepe (PEPE), which recorded staggering gains in the past 24 hours.&nbsp;
As CryptoPotato <a class="editor-rtfLink" href="https://cryptopotato.com/4-possible-reasons-behind-pepes-50-surge-to-new-all-time-high/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</a>, the price of the frog-themed meme coin exploded to a new all-time high on November 13. The solid performance <a class="editor-rtfLink" href="https://x.com/RobinhoodApp/status/1856702329703285115" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">aligns</a> with PEPE’s listing on Coinbase and Robinhood.
It also follows the massive green wave in the meme coin niche. Shiba Inu (SHIB), Bonk Inu (BONK), Floki Inu (FLOKI), Popcat (POPCAT), Cat in a Dogs World (MEW), and many others have seen their prices skyrocketing by double digits in the last seven days.
Dogecoin (DOGE) is up 104% for that period, while <a class="editor-rtfLink" href="https://cryptopotato.com/3-reasons-why-the-pnut-price-is-up-1500-weekly/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Peanut the Squirrel (PNUT)</a> has stunned industry participants with a 1,500% weekly rise.
The post <a href="https://cryptopotato.com/dogwifhat-wif-soars-to-a-7-month-high-following-support-from-coinbase-details/" rel="noopener noreferrer nofollow">Dogwifhat (WIF) Soars to a 7-Month High Following Support From Coinbase: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Dogwifhat (WIF) Soars to a 7-Month High Following Support From Coinbase: Details

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