Memecoin on Solana increased impressively by 141%, reaching the top 300
In an astonishing turn of events, Dogwifhat (WIF), the much-hyped memecoin on the Solana blockchain, has reached new heights with an impressive increase of over 141% in the past 48 hours. This meteoric rise pushed the meme token's market capitalization to a staggering $144 million before retreating.
Notably, Dogwifhat has now entered the top 300 digital assets in the cryptocurrency market, marking a major milestone for memecoin in the Solana ecosystem.
According to the latest data from Coingecko, WIF has secured its position as the ninth largest meme coin by market capitalization, adding to its growing reputation as a prominent player in the memecoin space .
Dogwifat's unique appeal lies in its distinctive features, notably the image of a Shiba Inu dog wearing a knitted hat.
This quirky yet charming design caught the attention of the crypto community, leading to increased popularity and a series of posts featuring the iconic dog.
Third round of price increase for Solana? This resurgence in the value of Dogwifhat can be attributed to the positive atmosphere that is enveloping the broader cryptocurrency market, especially altcoins.
Solana, the altcoin at the forefront of recent crypto market growth, has seen significant price increases, causing a ripple effect across all Solana-based tokens, including the popular Dogwifhat .
As of the time of writing, the price of WIF is 0.13 USD. With the outstanding performance of memecoin and the ongoing bullish trend in the Solana ecosystem, Dogwifhat continues to ride the wave of success, captivating the community with its quirky appeal.
