š According to CryptoNews: $WIF Strongest Daily Performance
The coin has surpassed the more established meme coin Pepe, securing the 38th position in the Top 100.Ā
According to data from CoinMarketCap, Dogwifhat has a market cap of $3.7 billion, while Pepe settles in 43rd place with a market cap of $3.32 billion.
It is important to note that meme coins are highly volatile and lack strong fundamentals.Ā
The vision behind WIF is simply āliterally just a dog wif a hat.āĀ
As a result, they are influenced by random events, such as tweets, unrelated news, and the movements of other coins.Ā
Market sentiment plays a larger role in driving these tokens than any tangible factors.
Other meme coins are also performing well today.Ā
In the overall Top 100 of the crypto industry, the four best-performing tokens are meme coins: Dogecoin (+16.83%), $FLOKI (+12.7%), and BONK (+10%).Ā
Outside of the top 10, $PEPE has seen an 2% increase and is currently trading at $0.000007883 per token, while Shiba Inu is up 5.85% to $0.00003179.Ā
A total of 65 out of the 100 biggest meme coins have posted gains in the last 24 hours.
