For those who aren't convinced, yes, the dog is still in the hat.
The #Solana ecosystem has been booming over the past few months, spawning a number of coin memes that became famous but then crashed and faded into oblivion. However, this is not the case with #WIF. Apparently, Dogwolf is still wearing its hat.
Over the past 24 hours, Dogwifhat's (WIF) share price has risen above $0.40, up more than 16%:
It's worth noting that WIF's move comes amid a broader market recovery, as the #bitcoin price is also aiming for $52K as of this writing.
BTC fell below $51K last night, but was quickly intercepted and prices recovered.
Nevertheless, the market is green today. Solana is also trying to rise and is currently trading just below the important $110 mark. The cryptocurrency is up 1% today.
The #meme coin market, represented by Dogecoin and Shiba Inu (SHIB), is also rising, with DOGE up 0.5% and nearing the $0.085 mark.
It will be interesting to see if this segment grows in the coming days. Meme coins tend to be surprisingly volatile and explosive, with their value fluctuating wildly over short periods of time.
A specific guide to meme coins can be found here
Read us at: Compass Investments