Dogwifhat (WIF) Leaves Other Meme Coins in Dust With Massive Price Jump
Release: 2024/07/18 23:28 Reading: 537
Solana-Based Meme Coin dogwifhat (WIF) Surges 11%
According to CoinGecko, the Solana-based meme cryptocurrency dogwifhat (WIF) has witnessed an impressive 11% surge over the last 24 hours. Notably, WIF has outperformed every other cryptocurrency within the top 100, becoming a standout performer in the market.
Historical Context
The multi-billion dollar meme coin has rallied over 60% from its recent lows, demonstrating a significant recovery and renewed investor interest.
Analyst Observations
Mister Crypto, a respected pseudonym, opines that WIF is experiencing a bullish breakout, hinting at further price appreciation.
Comparison to All-Time High
Despite the surge, it's noteworthy that WIF remains roughly 49% below its all-time high, which was achieved on March 31st.
Other Top Performers
Alongside WIF, THORChain (RUNE), Jupiter (JUP), and Bittensor (TAO) have also displayed strong performances, though they have yet to match WIF's double-digit gains.
Major Altcoins
Ethereum (ETH) and Solana (SOL) stand as the only significant altcoins exhibiting growth.
Bitcoin's Performance
Bitcoin (BTC) has experienced a modest 0.1% decline after surpassing the $65,000 threshold.
Meme Coins Trail
WIF stands out as a stark contrast within the meme coin sector, showcasing growth amid the widespread decline of its competitors. Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have all recorded losses ranging from 0.5% to 8%.
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