In the past seven days, the market value of three of the ten biggest meme cryptocurrencies has more than quadrupled, with Dogwifhat (WIF) emerging as the clear leader. Prices for Shiba Inu (SHIB) and Bonk (BONK) doubled, while double-digit price hikes were observed for other majors.
Solana’s meme crypto Dogwifhat (WIF) sets new price ATH
On March 2, 2024, Dogwifhat (WIF), a unique meme coin with a dog motif on the Solana (SOL) blockchain, reached an all-time high in price. Incredibly, WIF’s price hit $1.33 on significant spot and cryptocurrency centralised exchanges.
Dogwifhat’s (WIF) capitalization as a consequence rose to an unprecedented $1.317 billion. Less than three months after introduction, the coin achieved 10-digit capitalization.
Heavyweights BitGo, AliExpress, and Binance partnered with Dogwifhat (WIF), surpassing Floki (FLOKI), one of the most well-known meme currencies. At the same time, in the previous 24 days, Floki (FLOKI) has increased by 80%.
The most overhyped winners of the early Q1 2024 meme cryptocurrency fever are Solana’s meme currencies Bonk (BONK) and Dogwifhat (WIF), as previously reported by U.Today.
The coins were able to capitalise on the growing interest in Solana (SOL) and the enduring appeal of meme currencies among investors who are driven by aggressive narratives.
Meme coins segment soars by third in 24 hours
If WIF’s surge keeps up, it might surpass CorgiAI (CORGIAI) in terms of market capitalization and take the fifth spot, joining the exclusive ranks of Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK).
Early in March 2024, the meme coin market is expanding rapidly. Its $42 billion capitalization was shattered today, as its price rose 34% over night.
The total trade volume is expected to reach $17 billion, according to CoinGecko statistics.
