The Market Capitalization of the meme coins is rallying at $53,373,995,100 with a surge of 2.56% at the time of writing this article. This is indeed a remarkable milestone that the segment has achieved amid high volatility following Bitcoin Halving last week. A settlement on the broader level has yet to be reached, but traders and investors are not holding themselves back from anything. They are rather venturing out to explore their options and accumulate or take profits home. WIF, for one, is emerging as a potential candidate that can be added to one’s portfolio.
WIF rise and the road ahead
The rise of dogwifhat, or WIF, was less evident until the last 30 days. There has been a considerable uptick in terms of interest in the community. There is no denying the fact that the token value has dipped by 5.34% during the same time window, but there is scope for recovery now that there has been a surge of 6.01% in the last 24 hours.
Coinbase, serving two major purposes, has most recently backed WIF: allowing the platform to expand its range of asset offerings and enhancing WIF accessibility. Coinbase announced the launch of the WIF-PERP full-trading option to the community of traders and investors. WIF price have, since then, entered a bullish phase even though sentiments are held back by a section of analysts. WIF price have, since then, entered a bullish phase even though sentiments are held back by a section of analysts.
A technical breakout is anticipated if WIF sustains a $3+ margin. It is currently listed at $3.03, with an increase of 5.75%. A reversal to $2.70 once again will trigger a bearish rally. The market cap is up by 5.36%, and the 24-hour volume dropped by 16.54% at the time of articulation of this piece.
Where are other meme coins?
DOGE is already in the top 10 ranks, and SHIB is inching closer by attempting to bridge the gap of ~$6 billion in Market Cap. DOGE is trading at $0.1505, and SHIB is exchanging hands at $0.00002573. It is going to be a hefty task to dethrone DOGE, but SHIB is on it with full capacity.
Meanwhile, MAGA VP is emerging from the ashes - literally, considering it is a new meme coin - to revolutionize the segment. Also known as MVP, the token is rallying at $0.143 with a drop of 4.03% in the last 24 hours offering investors a good opportunity to leverage their positions after a non stop rise of 114.21% in the last 7 days A rise in the interest in MVP is evident from the fact that its 24-hour volume has jumped by 9.06%.
PEPE is posing as an exception with a surge of 50.74% in the token value in the last 7 days, listed at $0.000007768. Meme coins are gaining the attention of investors and traders, whales included, to possibly drive the price up - subject to volatility.
dogwifhat, or WIF, is up by 5.215 in the last 24 hours, decently contributing to the overall market cap of meme coins. Others like MVP, PEPE, DOGE, and SHIB are catching up to achieve and maintain a good performance. Conduct thorough research before allocating funds to meme coins or any crypto, for that matter.
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