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dogwifhat priceWIF
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About dogwifhat (WIF)
What Is dogwifhat?
dogwifhat is a meme coin on the Solana blockchain. Launched in November 2023, it is a playful and increasingly popular cryptocurrency, symbolized by its unique and amusing concept—a dog wearing a hat. The name itself, a playful misspelling of "with," underscores its fun and unpretentious nature. Despite its straightforward theme, dogwifhat has captivated the crypto community, rapidly gaining popularity and outperforming established meme coins like SHIB and PEPE in trading volume. As of January 2024, its market cap exceeds over $300 million. The dogwifhat community is actively engaged in sharing humorous and creative memes about this hat-donning canine, contributing to a lively and fun atmosphere around this meme coin.
Resources
Official Website: https://dogwifcoin.org/
How Does dogwifhat Work?
dogwifhat operates as a meme coin, meaning it's based on a popular internet meme and is a decentralized cryptocurrency, not controlled by any central authority. Governed by its community of token holders, it offers a democratic approach to its development and future. dogwifhat utilizes the BNB Smart Chain blockchain, known for its scalability and energy efficiency, making it suitable for everyday transactions. The supply of WIF is capped at 100 billion tokens, ensuring a finite amount and potentially maintaining its value over time.
What Is WIF Token?
WIF is the native token of the dogwifhat ecosystem. With a total supply of 100 billion tokens,. it has various uses, including online and in-person payments, staking for rewards, and participating in governance decisions through voting. Dogwifhat's success follows the trend of its older sibling, Bonk, becoming Solana’s second $100 million market cap meme token.
What Determines dogwifhat’s Price?
The price of dogwifhat (WIF) is influenced by a variety of factors typical of digital assets. Key determinants include market sentiment, investor interest in meme coins, and the broader trends in the cryptocurrency sector. As with other cryptocurrencies, WIF's price is sensitive to news and developments within the blockchain ecosystem, often reflected in its historical charts. The increasing popularity of meme coins, especially in the context of price predictions for 2024, plays a significant role in shaping dogwifhat's valuation. Additionally, the coin's adoption for transactions and its presence on major cryptocurrency exchanges contribute to its market dynamics. While investing in cryptocurrencies like dogwifhat can offer high returns, it's crucial for investors to consider the inherent volatility and risks, making informed decisions based on thorough research and market analysis.
For those interested in investing or trading dogwifhat, one might wonder: Where to buy WIF? You can purchase WIF on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about dogwifhat:
Dogwifhat (WIF): From Meme to Market Star Surpassing SHIB and PEPE
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How to buy dogwifhat(WIF)
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Trade WIF perpetual futures
After having successfully signed up on Bitget and purchased USDT or WIF tokens, you can start trading derivatives, including WIF futures and margin trading to increase your income.
The current price of WIF is $2.11, with a 24h price change of -3.69%. Traders can profit by either going long or short onWIF futures.
Join WIF copy trading by following elite traders.
dogwifhat news
Quick Take The GMCI Meme index represents broader market trends rather than specific token performance. The following is an excerpt from The Block’s Data and Insights newsletter.
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dogwifhat Social Data
In the last 24 hours, the social media sentiment score for dogwifhat was 3, and the social media sentiment towards dogwifhat price trend was Bullish. The overall dogwifhat social media score was 12,941, which ranks 390 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with dogwifhat being mentioned with a frequency ratio of 0.01%, ranking 260 among all cryptocurrencies.
In the last 24 hours, there were a total of 369 unique users discussing dogwifhat, with a total of dogwifhat mentions of 102. However, compared to the previous 24-hour period, the number of unique users increase by 33%, and the total number of mentions has increase by 5%.
On Twitter, there were a total of 3 tweets mentioning dogwifhat in the last 24 hours. Among them, 0% are bullish on dogwifhat, 0% are bearish on dogwifhat, and 100% are neutral on dogwifhat.
On Reddit, there were 87 posts mentioning dogwifhat in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 149% .
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