Dogwifhat (WIF) Price Rallies 200% Amid Memecoin Rally, Robinhood Announces Support

Solana-based memecoin Dogwifhat (WIF) continues shooting another 10% in the last 24 hours all the way to $0.95. Over the last week, the Dogwifhat (WIF) price has surged by a staggering 200% amid a massive rally in the memecoin space. The world’s largest memecoin Dogecoin (DOGE) has seen 45% gains on the weekly chart leading the sectorial rally.

Robinhood Adds support for Dogwifhat (WIF)

In a recent announcement, the Robinhood Crypto platform disclosed its decision to list Dogwifhat (WIF), adding to its roster of supported cryptocurrencies. Market data from CoinGecko reveals that WIF is presently trading at $0.87, marking a 5.3% increase in value over the past 24 hours. This move by Robinhood signifies the platform’s continued expansion into the cryptocurrency market, providing users with access to a diverse range of digital assets for trading and investment.

The popular zero-fee trading platform Robinhood has been warming up to the crypto space and regulatory transparency brings further maturity to this industry.

In February, Robinhood unveiled a strategic collaboration with MetaMask, a ConsenSys product, aimed at simplifying the process of buying cryptocurrencies. This partnership is poised to elevate user experience by merging Robinhood’s efficient order engine with MetaMask’s popular digital wallet, providing users with a seamless and secure platform to interact with Web3 technologies.

WIF Price Expectations Ahead

As WIF eyes a target of $1 per token, some may feel apprehensive about the timing of their investment in Dogwifhat. However, with a market capitalization still comfortably below $1 billion, this meme coin potentially possesses ample room for significant growth.

Considering that both Dogecoin and Shiba Inu reached market cap highs in the tens of billions in 2021, and with the current bull market showing signs of even greater momentum, there’s potential for Dogwifhat to achieve substantial gains. Thus, Dogwifhat could be the show stealer during the next crypto bull run expected over the next two years.

Investors seeking higher-risk opportunities with the potential for 10x returns may also want to explore another emerging token on the horizon.

While dog-themed meme coins have been dominating the market, 2023 showcased the success potential of frog-themed Pepe Coin, demonstrating that frog meme coins also hold their ground.

This sentiment appears to have inspired the introduction of a newly launched coin named Frogwifhat (FWIF). FWIF made its debut on Monday via Uniswap and swiftly achieved a market capitalization of $4 million within just a few hours.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.