Dogwifhat (WIF) surged 14.7% to $3.42, buoyed by bullish meme coin market trends, with total market capitalization up 6% to $68.2 billion in the past 24 hours.
Bulls have signaled increased inflows, which has led to the Solana meme coin dogwifhat (WIF) experiencing a 14.7% increase in value over the past twenty-four hours, landing at $3.42. It is in light of the fact that meme coins are currently recording improved figures in the market, the asset’s price has increased.
The market capitalization of meme coins is currently at $68.2 billion, representing a 6% increase over the course of the previous twenty-four hours. Solana tokens, classified as meme coins, experienced a 12% year-over-year increase as daily volumes reached $2.3 billion, surpassing the overall market.
Solana’s strong trend and meme coin inflows are linked to the overall performance of WIF and other assets. The asset’s consistent increase since its introduction has garnered support from the community, particularly during the meme coin craze that occurred during the first quarter. By market capitalization, Dogwifhat currently ranks among the top 30 crypto assets, surpassing Filecoin (FIL) in this regard.
A significant achievement for the Solana meme currencies, which caused the community to become bullish in the first quarter of 2024, is to break into the top 30. While daily transactions have surged by 50% to reach $935 million, Dogwifhat’s market capitalization currently stands at $3.4 billion.
The stock is still not at its all-time high of $4.85, despite these advances. The WIF price achieved this feat on March 31st, following the meme coin frenzy that resulted in significant inflows of liquidity into assets.Despite the fact that the market has been successful, Dogwifhat is currently trading 29% below its all-time high.
Bulls are eager to take on new holdings. The market experienced a turnaround as a result of the acceptance of spot Ethereum exchange-traded funds (ETFs) and the anticipation that led up to the date. There was also an increase in the value of crypto assets as a result of legislators in the United States demonstrating support for crypto measures.
Dogwifhat, the biggest Solana meme coin in terms of market capitalization, has sparked a boom in other assets that are comparable. Over the past twenty-four hours, Kitty AI has been the most successful investor, with gains in the triple digits.
Today, the asset has increased by 668%, whereas Wokak and Banan Cat have increased by 24.5% and 63.7%, respectively, over the same period of time. Floki and BONK both had inflows, resulting in a price increase of 10.9% and 4.8%, respectively. This is due to the fact that meme coins are gaining more bullish momentum.