Binance WIF Hat: Dogwifhat Listing Announcement Skyrockets Price 25% To New ATH
March 05 2024 - 2:00PM
NEWSBTC
Binance just announced the listing of Dogwifhat (WIF), the
Solana-based coin climbing up in the memecoins ranking. The price
of the dog-themed coin positively reacted to the announcement news
and reached a new all-time high. Related Reading: Dogwifhat What?
Memecoin Barges Into 86th Spot With 320% Rally – What’s Going On?
WIF Now Trading On Binance Today, Binance announced the highly
anticipated listing of Dogwifhat. WIF has been experiencing a crazy
bull run the past few weeks that has catapulted the coin even
higher after the memecoin frenzy that started over the weekend. The
hat stays on, on #Binance$WIF will be live for trading at 14:00
UTC. 🐕 🧢 — Binance (@binance) March 5, 2024 The largest crypto
exchange revealed that the listing and open trading of the
supported Spot Trading Pairs would occur today at 14:00 (UTC).
Additionally, withdrawals will be available on March 6 at 14:00
(UTC). According to the announcement, the new Spot Trading Pairs
available on Binance are WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
The exchange warned users about the “higher than normal risk” of
WIF’s price volatility. Due to its relatively new token status, it
suggested that investors do their research before deciding to trade
the token. Moreover, Binance announced that the Seed Tag will be
applied to WIF. This tag labels the coin as an “innovative project
that might exhibit higher volatility and risks than other listed
tokens.” As a result of the Seed Tag, users will need to pass the
corresponding quizzes every 90 days on the Binance Spot and Binance
Margin platforms to gain trading access to WIF. The quizzes, as the
Binance support page reads, are set up to ensure the user’s
awareness of the risks of a token before trading it. The Hat Stays
On Dogwifhat has gone on a “turbo parabolic” rally since late
February. This rally has gained the dog-themed coin traditional
media acknowledgment. Recently, a Bloomberg host name dropped WIF,
alongside PEPE, when discussing whether the “era of the memecoin is
back” on live TV. Undoubtedly, WIF’s performance has been notable
after the memecoin market pullback from a few weeks ago, when WIF
was experiencing a 30% price decrease in the 7-day timeframe. At
the time, Dogwifhat was the 196th largest cryptocurrency by market
cap, according to CoinGecko data. After investors wore several
hats, the memecoin climbed to 64th in two weeks. Dogwifhat ranks
64th among all cryptocurrencies. Source: CoinMarketCap Following
the announcement, WIF’s price of $1.51 skyrocketed to a new
all-time high of $1.90. This price increase represented a 25.8%
surge in an hour. Consequentially, the market activity for the
dog-themed coin increased 81.17% in the last 24 hours, with a
trading volume of $657.2 million, according to CoinMarketCap Data.
At the time of writing, Dogwifhat has seen an 8.2% price drop from
its new ATH mark in the past 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 current price of $1.74 still
represents a 2% gain in a 24-hour timeframe. Related Reading: Who
Let The DOGE Out? Dog-Themed Coins Soar By 12%, WIF And FLOKI Lead
The Way WIF is trading at $1.7 in the hourly chart. Source: WIFUSDT
on TradingView.com Featured image from X.com, Chart from
Tradingview.com
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