Solana-based dogwifhat has gained over 50% to achieve file highs at present after listing on Binance at 9 a.m. ET on Tuesday.
Amid bitcoin’s post-all-time excessive sell-off yesterday, dogwifhat initially fell 17% from round $1.35 to a low of $1.12 because the broader crypto market adopted bitcoin’s worth motion. Nevertheless, it has subsequently practically doubled from that low to a brand new all-time excessive of its personal at round $2.16, in line with The Block’s worth web page.
Dogwifhat WIF
+17.60%
is at the moment buying and selling at $2.06 — up 17% over the previous 24 hours, 240% up to now week and a staggering 1,245% year-to-date. The dog-themed token has now reached a $2.1 billion market capitalization — simply three months after it launched in November and went viral.
Compared, memecoin Pepe has gained round 7% over the previous 24 hours, whereas Dogecoin, Bonk, and Shiba Inu every registered losses of round 10%.
Whereas the newer Pepe and Bonk memecoins are additionally near their just lately set all-time highs, older memecoins Doge and Shiba Inu each stay round 50% down from their file highs, set in April and October 2021, respectively.
The general memecoin market capitalization is down 0.8% over the previous 24 hours, according to CoinGecko. The GM 30 Index, representing a choice of the highest 30 cryptocurrencies, elevated 0.03% to 145.64 over the identical interval.
Yesterday, Bitcoin briefly reached a brand new all-time excessive above $69,000 for the primary time in 846 days. Bitcoin is at the moment buying and selling at $66,952, in line with The Block’s worth web page.
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