A new dog-themed cryptocurrency, dogwifhat (WIF), has been gaining momentum in the post-election period, following its listing on the US-based exchange platform, Coinbase.
Coinbase recently announced that dogwifhat (WIF) is now available for trading on their platform, allowing users to buy, sell, send, receive, and convert this popular meme asset.
“dogwifhat is now live on [coinbase.com] and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
Since its listing, the price of WIF has surged from $2.99 to $4.05, marking a 34% increase. Just before the 2024 presidential election, WIF was trading at $1.92.
Originally launched on the Solana (SOL) blockchain, WIF is a community-driven memecoin with a fixed supply, featuring the image of a Shiba Inu dog wearing a pink knitted hat.
Despite predictions of a bearish trend, WIF never dropped below $1 and has now soared to over $4 in the wake of the post-election frenzy.
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Generated Image: Midjourney
