As a seasoned crypto investor with a keen interest in the meme coin sector, I’m keeping a close eye on the recent developments surrounding Dogwifhat (WIF). The news of its upcoming listing on Bybit, a prominent crypto exchange, has certainly brought renewed optimism to the table.
As a researcher studying the cryptocurrency market, I’ve noticed that Dogwifhat, the meme coin built on the Solana blockchain, has piqued the interest of investors lately. After experiencing a significant downturn, the WIF price has shown signs of recovery. This uptick in the token’s value can be attributed to an exciting announcement – the upcoming listing on a well-known crypto exchange.
Price Regains Momentum Amid Major Listing Announcement
Recently, the meme coin market has seen significant growth, drawing interest from investors around the world. This trend is clearly reflected in the price increases of coins such as WIF, MEW, BOME, and others within this sector.
During this period, the rising costs of various cryptocurrencies indicate that investors are expanding their attention towards other meme coins in addition to established ones such as Dogecoin, Shiba Inu, and more. Notably, the recent significant announcement of WIF‘s listing has fueled investor enthusiasm, particularly during the recent downturn in the wider crypto market.
At the forefront of crypto exchanges, Bybit has unveiled its intention to welcome Dogwifhat (WIF), a popular meme coin, onto its platform. As per the announcement, Bybit intends to make WIF available for trading on its Spot market beginning April 29, at 8 AM UTC. Deposits for this coin can be made starting from that date as well.
Meanwhile, Bybit said that it is listing the meme coin as it meets the liquidity requirements of the platform, and the withdrawals will start a day after on April 30, at 10 AM UTC. In addition, the announcement notes that the users can avail of the deposit and withdrawal options through the Solana network.
WIF Price Recovery Ahead?
As a crypto investor, I’ve noticed that announcements from major exchanges often boost my confidence in the market and lead to rallies for cryptocurrencies. However, given the current volatility in the broader crypto market and the meme coin segment, I believe it’s important for investors to exercise caution before making any significant investments.
While the value of most cryptocurrencies dropped significantly, Dogwifhat (WIF) bucked the trend and rose by 0.93%, reaching a price of $2.73 in the process. However, its trading volume saw a substantial decrease of 15.17% to $243.09 million compared to the previous day.
In the past day, the value of the meme cryptocurrency reached a peak of $2.79 and hit a low of $2.60, indicating its pronounced volatility within the crypto market.
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2024-04-29 14:13