TL;DR

• Dogwifhat (WIF) surged to an all-time excessive following listings on main cryptocurrency exchanges.
• WIF’s market cap exceeded $450 million, approaching the highest 100 cryptocurrencies.

The recently-emerged Solana-based meme coin – dogwifhat (WIF) – skilled one other spectacular rally right this moment (January 18), surging to an all-time excessive value of over $0.45 (per CoinGecko’s information). It has been among the many market’s high performers currently, skyrocketing by 120% on a weekly scale and 250% up to now 30 days.

The explanation for essentially the most newest enhance is probably going in the truth that Binance added assist to the token, launching WIF/USDT perpetual contracts.

The corporate’s providing has the multi-assets mode activated, that means customers can make use of quite a lot of cryptocurrencies, similar to Bitcoin (BTC), as a margin.

WIF’s market capitalization spiked above the $450 million mark, whereas PEPE (the fourth-largest meme coin) has round $505 million. The latter has been on a downfall as of late, that means the Solana meme coin might declare its place sooner or later ought to its upswing proceed.

Its newest enhance is also attributed to the involvement of a number of main cryptocurrency exchanges. As CryptoPotato reported earlier this week, BitMEX listed the perpetual swap contract WIF/USDT.

WIF is $250 million away from getting into the checklist of the highest 100 largest cryptocurrencies. PancakeSwap (CAKE) is at present on the a hundredth spot with a market cap of $707 million.

The meme coin’s rally coincides with the resurgence of Solana (SOL). The latter is up 3% on a 24-hour foundation, surpassing the $100 mark as soon as once more.