Listing In Coinbase, Dogwifhat Price (WIF) Soars High
JAKARTA - The price of the Dogwifhat token (WIF), which was launched in December 2023, suddenly rose after being listed on the largest crypto exchange platform in the US, Coinbase. This token is considered a competitor to the popular Dogecoin (DOGE) meme coin and managed to record a significant post-announcement increase.
In its official statement, Coinbase announced that WIFs are now available for purchase, sale, convert, and stored through their iOS and Android websites as well as apps. Dogwifhat is now available on [coinbase.com] and the Coinbase iOS and Android apps. Coinbase subscribers can sign in to buy, sell, convert, send, receive, or store these assets," the announcement explained.
This news pushed the WIF price up sharply from USD 2.99 (IDR 47,242) on November 13 to USD 4.05 (IDR 63,990), recording an increase of 34%. Previously, just the day before the 2024 US presidential election, this token was only valued at USD 1.92 (IDR 30,336).
WIF Launched On Solana Blockchain
For additional information, WIF is a community-based memecoin running on the Solana blockchain (SOL). This token comes with the image icon of the Shiba Inu dog wearing a pink knitted hat. This distinctive feature makes it popular quickly among memecoin lovers.
The recent increase in WIF prices surprised many, especially after predictions from well-known crypto analyst Credible Crypto, who in October said that WIF was in a bearish trend and could potentially fall below 1 US dollar (Rp15,800). Although it had fallen below 2 US dollars (Rp31,600), the WIF value had never fallen below 1 US dollar, it actually shot up sharply after the US election.