In a whirlwind of volatility within the crypto realm over the past day, Bitcoin and Ethereum experienced a dip to multi-week lows, and a myriad of digital assets faced substantial declines. However, defying these challenges, the meme coin Dogwifhat (WIF) on the Solana blockchain has surprised everyone with an impressive surge, soaring by a substantial 40% in the last 24 hours.
This abrupt surge propelled Dogwifhat (WIF) to claim the pinnacle of the top 300 crypto market performers within the last 24 hours. The WIF phenomenon, kickstarted in late 2023, has rapidly evolved into a prominent topic of discussion within the crypto community, highlighting its remarkable resilience in the face of recent market fluctuations.
Dogwifhat is trading at $0.3216, indicating a notable 40% surge in the last 24 hours, though it has experienced a decline of 9.20% over the last 7 days. The coin’s 24-hour trading volume reached $135,056,805.
The primary reason behind the current upward trend is Bitget’s decision to support the unconventional asset. It has been included in the prestigious “Innovation and Meme Zone,” a special section featuring popular tokens that undergo a rigorous 60-day evaluation period. The inclusion of a token is subject to specific criteria being met during this time.
Several notable cryptocurrency exchanges, including Binance, Bybit, and BitMEX, have integrated Dogwifhat into their platforms, cementing their position in the market. Another contributing factor to WIF’s recent surge might be the renewed strength of SOL, Solana’s native cryptocurrency, which has experienced an 11% daily upswing.
The volatile nature of the crypto industry is exemplified by the unexpected twists and turns that occur within it. The resilience and notable performance of Dogwifhat, however, highlight the potential influence of strategic partnerships in shaping the trajectories of digital assets. This underscores the need for investors to remain agile and vigilant in navigating this complex landscape.