TL;DR

• The meme coin dogwifhat (WIF) surged by 15% following Coinbase’s announcement so as to add WIF perpetual contracts.
• Different belongings of that sort like Cat in a Canines World (MEW), Dogecoin (DOGE), and Shiba Inu (SHIB) additionally noticed notable features amidst general market restoration.

WIF Stands Among the many Greatest Performers

The cryptocurrency market skilled extreme volatility prior to now a number of days. Most main digital belongings began recovering yesterday (April 18) earlier than plunging considerably following the stories that Israel carried out drone and missile assaults on Iran. Bitcoin (BTC)for one, tumbled under the $60,000 mark for the primary time in virtually two months.

Nevertheless, the adversarial pattern was short-lived, with the crypto market being effectively within the inexperienced zone right this moment (April 19). Among the finest performers is the largest meme coin constructed on the Solana blockchain – dogwifhat (WIF) – which spiked by roughly 15% on a 24-hour scale.

Its spectacular rally adopted Coinbase’s determination so as to add WIF perpetual contracts on Coinbase Worldwide Trade and Coinbase Superior. “The opening of our WIF-PERP will start on or after 9:30 am UTC on 25 APR 2024,” the corporate clarified.

The resurgence of the meme coin additionally coincides with a Solana value soar. SOL is up 11% each day, surpassing the features recorded by Bitcoin (BTC) and Ethereum (ETH).

General Meme Coin Revival

Dogwifhat just isn’t the one token of its sort that has witnessed a major value improve right this moment. The leaders when it comes to market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – are up 6% and 5%, respectively.

Cat in a Canines World (MEW) has surged by 17%, whereas Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK) are additionally among the many notable gainers.

Whereas the meme coin sector seems to have gained momentum as soon as once more, merchants needs to be cautious when getting into the ecosystem resulting from its notorious volatility and the dangers of essential losses. Please examine our devoted video to safe your self from some frequent errors associated to the matter: