Solana-based meme coin dogwifhat has jumped 20% over the last day as Bitcoin recovered back to $57,000 levels.
At the time of writing, dogwifhat dogwifhat
WIF27.8%
dogwifhat was still up 18%, trading at $1.71 per price data from CoinGecko. The crypto asset’s daily trading volume was hovering around $935 million while its market cap had risen to $1.69 billion.
Following the latest price increase, the dog-themed meme coin has taken 49th place among the cryptocurrencies by market cap. However, WIF is still down 26.5% over the last 30 days and 64.8% from its all-time high of $44.85 reached on March 31.
The price surge in WIF also led to an increase in its Relative Strength Index (RSI), which rose from 26 (indicating it was oversold) to 42 (the neutral zone) within the past day.
This surge in WIF follows a 3% increase in Bitcoin’s Bitcoin
BTC4.7%
Bitcoin price over the same period, with the crypto asset crossing the $57,000 mark before settling at $56,874. The latest surge follows after the digital asset opened the week on a bearish note.
