The rise in popularity of Solana-based meme coins, including Dogwifhat (WIF), is largely due to the growing mainstream adoption of these tokens. Dogwifhat, a dog-themed project, has over 202,000 holders and has seen more buyers than sellers recently. The Solana network, which hosts these meme coins, has seen significant gains, with a market cap of around $20 billion and a daily trading volume of over $8.6 billion.
WIF has recently been listed on major crypto exchanges, such as Robinhood, which has greatly increased its visibility and potential for growth. With its listing on other exchanges, including Binance and Coinbase, WIF’s overall liquidity has grown to more than $28 million on various DEXes, led by Raydium on Solana.
In the short to medium term, WIF is expected to continue its upward momentum, potentially reaching new all-time highs. Analysts believe that WIF’s price action will follow a similar fractal pattern to Bitcoin, and with Bitcoin’s dominance signaling an imminent reversal, the much-awaited altseason may be on the horizon.
The midterm target for WIF is to convert its previous all-time high of around $4.8 into a support level.
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<p>The post Solana Memecoin WIF Soars as Dogwifhat Gains Mainstream Adoption and Listings on Major Crypto Exchanges first appeared on CoinBuzzFeed.</p>
