Binance simply introduced the itemizing of Dogwifhat (WIF), the Solana-based coin climbing up within the memecoins rating. The value of the dog-themed coin positively reacted to the announcement information and reached a brand new all-time excessive.
WIF Now Buying and selling On Binance
At present, Binance introduced the extremely anticipated itemizing of Dogwifhat. WIF has been experiencing a loopy bull run the previous few weeks that has catapulted the coin even larger after the memecoin frenzy that began over the weekend.
The hat stays on, on #Binance$WIF might be stay for buying and selling at 14:00 UTC.
🐕 🧢
— Binance (@binance) March 5, 2024
The most important crypto change revealed that the itemizing and open buying and selling of the supported Spot Buying and selling Pairs would happen in the present day at 14:00 (UTC). Moreover, withdrawals might be accessible on March 6 at 14:00 (UTC).
Based on the announcement, the brand new Spot Buying and selling Pairs accessible on Binance are WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
The change warned customers in regards to the “larger than regular danger” of WIF’s value volatility. On account of its comparatively new token standing, it steered that traders do their analysis earlier than deciding to commerce the token.
Furthermore, Binance introduced that the Seed Tag might be utilized to WIF. This tag labels the coin as an “revolutionary venture which may exhibit larger volatility and dangers than different listed tokens.”
On account of the Seed Tag, customers might want to cross the corresponding quizzes each 90 days on the Binance Spot and Binance Margin platforms to achieve buying and selling entry to WIF. The quizzes, because the Binance help web page reads, are arrange to make sure the person’s consciousness of the dangers of a token earlier than buying and selling it.
The Hat Stays On
Dogwifhat has gone on a “turbo parabolic” rally since late February. This rally has gained the dog-themed coin conventional media acknowledgment.
Not too long ago, a Bloomberg host identify dropped WIF, alongside PEPE, when discussing whether or not the “period of the memecoin is again” on stay TV.
Undoubtedly, WIF’s efficiency has been notable after the memecoin market pullback from a number of weeks in the past, when WIF was experiencing a 30% value lower within the 7-day timeframe.
On the time, Dogwifhat was the 196th largest cryptocurrency by market cap, in keeping with CoinGecko knowledge. After traders wore a number of hats, the memecoin climbed to sixty fourth in two weeks.
Dogwifhat ranks 64th amongst all cryptocurrencies. Supply: CoinMarketCap
Following the announcement, WIF’s value of $1.51 skyrocketed to a brand new all-time excessive of $1.90. This value enhance represented a 25.8% surge in an hour.
Consequentially, the market exercise for the dog-themed coin elevated 81.17% within the final 24 hours, with a buying and selling quantity of $657.2 million, in keeping with CoinMarketCap Information.
On the time of writing, Dogwifhat has seen an 8.2% value drop from its new ATH mark previously hour. With a market capitalization of $1.7 billion, 2.2% down from the day prior, WIF is the fifth largest memecoin by this metric. The present value of $1.74 nonetheless represents a 2% achieve in a 24-hour timeframe.
WIF is buying and selling at $1.7 within the hourly chart. Supply: WIFUSDT on TradingView.com
Featured picture from X.com, Chart from Tradingview.com
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