DogwFhat (WIF) takes the headlines of the online magazines specialized in encryption today as Meme has a decision after Robinhood’s decision to make this digital asset available to millions of investors in the United States.
WiF is a Solana -based symbol characterized by a Shiba Inu dog wearing a pink hat. Like most meme coins, their attractiveness comes to investors from the strong society that is formed around this image, and of course the permanent possibility will lead to changing wealth for life to those who have nerves for Hodl the Teken while making its way to the top of the encryption rows.
General Motors. Dogwifhat ($ WIF) is now available for trading on Robinhood Crypto. pic.twitter.com/grjjxidnzo
– Robinhood (@robinHoodap) November 25, 2024
In the past 30 days, WIF have accumulated 26 % gains, according to data from CoinMarkcap, while the maximum market is currently $ 3 billion. This makes the cute code 44Y The most valuable cryptocurrency in the world and the fifth most valuable Mimi currency according to the site’s private ranks.
DogwFhat embraces simplicity, describing itself as “literally just a dog of dogs” – a distinctive funny approach that has echoed with millions.
The wonderful currency trip this year is a testament to the irreparable nature. Since the beginning of the year 2024, WIF has made gains of about 1900 %. This highlights how the feelings of society and viruses can convert the Internet joke with a slight adjustment in a money earning machine.
Lists of the main stock exchanges stimulate the annual gains of WIF
The DogwFhat menu pushed the main encryption of its market value. Binance was the first Mimi’s currency in March of this year when WiF/USD has become available to the global user base.
Meanwhile, Coinbase continued earlier this month and included the distinctive symbol inside his platform, causing a significant increase in the day the list was officially announced and a few days ago when rumors began in encrypted circles.
Robinhood is now joining the list with this decision to include WiF, where the stock exchanges seem to adopt a new era after Donald Trump’s victory in the US presidential election.
Paul Ghroul, Quebies Law, was an effective role in this transformation, and he announced these lists with a mixture of humor and market that reflects the essence of coins.
Packing a tweet about adding PEPE, the other famous distinctive symbol, this new approach: “You have long wanted the frog. Well, you will soon get the frog.”
Understanding Dogwifhat
Despite its lack of interest or business model, Dogwifhat attracted a vibrant society from encryption lovers. The project was launched in November 2023 on Solana Blockchain and soon distinguished itself through creative initiatives.
– Robinhood (@robinHoodap) November 26, 2024
It was in particular an unforgettable campaign that sought to raise $ 700,000 to display the WiF logo on the Las Vegas field. This intention offers the state of use in the MEME currencies, which primarily includes mobilizing thousands of people if not millions of individuals to achieve a specific goal.
With fixed supplies of 998.9 million symbols and there are no complex mechanisms or complex burning, the WIF value reflects purely market morale towards the original. Its price is fully paid by community enthusiasm and speculative trading.
The original M. that inspired the cryptocurrency is a real dog called Achi, whose image was subsequently sold as a non -transitional symbol (NFT) for amazing $ 4.3 million on Ethereum. This high -selling tickets for digital assembly confirm the potential cultural and financial value that can be derived from the Internet.
Mimi currency space grows rapidly, and the leading symbols change
DogwFhat is part of the Super Super course after the elections that witness the price of multiple digital assets including Bitcoin (BTC) and a large range of Meme coins up to its highest levels.
Other MIM codes such as Dogeco (Doge) and Shiba Inu showed that the assets that society drives can also grow into the market. According to data from CoinMarketcap, the common value of Meme Coins is already $ 100 billion after this last gathering.
The appearance of WiF as a male currency of the upper degree and its unexpected way to bypass the established codes in this space such as the book (BOME) and Floki, indicates that the entire ecosystem can be mature and enter a completely new stage.
It seems that the market appetite for these symbols is not satisfied. Modern data indicates that between 40,000 and 50,000 new encryption code is created daily. Solana leads charging by generating between 17,000 to 20,000 new symbols every day through platforms like Pump.fun that make mining process easier than ever.
Mimi currencies are attractive but risky
Although the successes overnight like WIF attracted its ability to reshape financial positions in the blink of an eye, investors must deal with these digital assets with severe warnings because each success story is thousands of failures.
Mimi coins are inherently volatile and speculative. Since its value is not related to concrete assets, cash flows, or the benefit of the real world, it is primarily driven by difficult factors (if not impossible) to predict the participation of society, viruses and social media trends.
The price of these assets can turn greatly in relatively short periods, and this calls for caution, especially if investors are planning to risk a large amount when investing in Meme currencies such as WIF.
In this specified case, the unknown nature of the project developers and the absence of a clear technology map add some additional layers of uncertainty. While this has not hindered WIF growth yet, it represents a great risk factor that must be taken into account.
