The Solana-based token, despite being 4 months old, is entering the elite meme coin scene.
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The price of Dogwifhat reached its latest all-time high of $4.64 on March 30, soaring more than 250,000% since its launch.However, in the past week, the price has dropped by more than 10%, and it is currently trading at $3.8. Despite this recent drop, WIF still holds the third place in terms of market capitalization , although it has decreased by 28% this week.The overall meme coins market sentiment seems resilient .
High volatility is one of the reasons why meme coins are so popular among retail investors. In this regard, WIF is likely to continue to deliver large price movements. Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto. Covering a broad spectrum of topics, from fintech startups to AI, he provides an in-depth overview of the current state of the crypto market, along with insights into its potential for future disruption.
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