The crypto market has seen a huge $661 billion boost in early 2024, with Bitcoin making up $409 billion of that increase. But the real star has been a not-so-famous meme coin – Dogwifhat (WIF) – which has shot up by a crazy 1,306% in the same time.
Dogwifhat’s Quick Rise to the Top
Dogwifhat burst onto the scene on November 20, 2023, and in just seven months, it’s become a hot topic in crypto circles. As reported by Forbes, the Solana-based meme coin has left Bitcoin in the dust even though Bitcoin went up by a solid 48%. It also beat out other big players like Ethereum (which climbed 51%) and Binance Coin (which jumped 81%).
Forbes counted the top ten cryptocurrencies with the best performance in the first half of 2024, which are:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8…— Wu Blockchain (@WuBlockchain) July 15, 2024
Dogwifhat has made a big splash in the crypto world. It’s worth $2.6 billion right now making it the top dog in crypto for 2024 so far. This coin is beating the pants off big names like Dogecoin (up 35%) and Shiba Inu (up 67%). WIF has become the new favorite in the meme coin craze.
Pepe, another crypto based on memes, grabbed second place with a huge 815% jump. The next three best-performing coins with market caps over $1 billion were Artificial Superintelligence Alliance (up 545%), Floki (up 392%), and JasmyCoin (up 343%).
WIF Keeps Going Strong and More Popular
As of July 15, 2024, one WIF token was trading at $1.98, almost 19% up over the previous 24 hours. WIF’s stable price shows that traders and investors think the token might be worthwhile in the long run.
Dogwifhat’s trading volume in 24 hours has jumped by 46% hitting $416 million. This boost in trading shows more people are getting excited about how the coin is doing.
Dogwifhat’s strong performance positions it well for continued success in 2024. Its resilience and gains set a high standard. As more recognize WIF’s potential, it may remain the top-performing coin.
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