{"id":163861,"date":"2024-03-29T12:06:39","date_gmt":"2024-03-29T12:06:39","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=163861"},"modified":"2024-03-29T12:06:42","modified_gmt":"2024-03-29T12:06:42","slug":"dogwifhat-wif-soars-20-in-one-day-and-becomes-third-largest-memecoin","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/dogwifhat-wif-soars-20-in-one-day-and-becomes-third-largest-memecoin\/","title":{"rendered":"Dogwifhat (WIF) Soars 20% in One Day and Becomes Third-Largest Memecoin"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">20% Surge:\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">Dogwifhat (WIF) experienced a 20% price increase in a single day, elevating it to the third-largest memecoin by market cap, surpassing Pepe coin and only behind Shiba Inu and Dogecoin.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">$4 Billion Market Cap:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The value spike has pushed Dogwifhat\u2019s market cap to $4 billion, with the largest WIF holder\u2019s address seeing profits of $134 million, a 1440% increase.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Future Growth:\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">Despite some liquidations, WIF\u2019s open interest grew by 29%, and it\u2019s projected to reach a market valuation of over $10 billion, positioning it as a significant meme coin in the crypto market.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>Dogwifhat (WIF), a memecoin that has captured the imagination of the cryptocurrency community, soared by 20% in a single day.<\/strong> This remarkable surge propelled WIF to become the third-largest memecoin by market capitalization, flipping the popular <a href=\"https:\/\/crypto-economy.com\/pepe\/\" target=\"_blank\" rel=\"noopener\">PEPE<\/a> coin and trailing only behind the giants, Shiba Inu and Dogecoin.<\/span><!--more--><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The market for humorous cryptocurrencies called &#8220;memecoins&#8221; has a reputation for unpredictability and hype.<\/strong> Dogwifhat is a good example of this. The quirky brand, with its dog wearing a hat, has caught the attention of buyers and fans. This has spurred intense trading activity, with WIF reaching a price of $4 before a brief decline.<strong> Dogwifhat is currently <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\" target=\"_blank\" rel=\"noopener\">priced<\/a> at $3.75.<\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The rise of Dogwifhat is indicative of the broader trend in the cryptocurrency market, where memecoins have carved out a niche for themselves. <strong>These tokens,<\/strong> often created as a joke or to satirize the more serious aspects of the crypto industry, <strong>have nonetheless established a substantial presence<\/strong> and are increasingly being seen as legitimate investment opportunities by a growing section of the market.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Dogwifhat\u2019s Market Cap Hits $4 Billion: The Third-Largest Memecoin Emerges<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-163867\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/03\/DogwifhatSurge.jpg\" alt=\"Dogwifhat (WIF) Soars 20% in One Day and Becomes Third-Largest Memecoin\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/03\/DogwifhatSurge.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/03\/DogwifhatSurge-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/03\/DogwifhatSurge-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">T<strong>oday\u2019s significant uptick in Dogwifhat (WIF) value has propelled its market cap to a remarkable $4 billion,<\/strong> ranking it as the third-largest MEME token by market size. WIF now surpasses PEPE in ranking and firmly holds a spot just below top contenders <a href=\"https:\/\/crypto-economy.com\/dogecoin\/\" target=\"_blank\" rel=\"noopener\">DOGE<\/a> and SHIB.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The spotlight shines on the address with the most considerable WIF holdings, known as 2Fcm\u2026PE6d. This address has gained extraordinary profits amounting to $134 million, a staggering growth of 1440%.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">According to Coinglass, <strong>the surge in Dogwifhat (WIF) to a price of $4 resulted in liquidations totaling $2.09 million.<\/strong> This includes $705.39K from long-position liquidations and $1.39M from short-position liquidations. Despite a slight pullback from its peak price of $4, WIF\u2019s open interest has increased by 29%, now standing at $528.6 million.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Zooming out to the wider market perspective, it\u2019s anticipated that Dogwifhat will achieve a market valuation of over $10 billion in the foreseeable future, establishing it as a prominent blue-chip meme coin within the cryptocurrency landscape.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR 20% Surge:\u00a0Dogwifhat (WIF) experienced a 20% price increase in a single day, elevating it to the third-largest memecoin by market cap, surpassing Pepe coin and only behind Shiba Inu and Dogecoin. $4 Billion Market Cap:\u00a0The value spike has pushed Dogwifhat\u2019s market cap to $4 billion, with the largest WIF holder\u2019s address seeing profits of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Dogwifhat (WIF) Soars 20% in One Day and Becomes Third-Largest Memecoin\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/dogwifhat-wif-soars-20-in-one-day-and-becomes-third-largest-memecoin\/#more-163861\" aria-label=\"More on Dogwifhat (WIF) Soars 20% in One Day and Becomes Third-Largest Memecoin\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":163866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74,9156],"tags":[5536,5225,9756,9488,5484],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163861"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=163861"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163861\/revisions"}],"predecessor-version":[{"id":163870,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163861\/revisions\/163870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/163866"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=163861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=163861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=163861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}