WIF, the native token of Solana meme coin Dogwifhat, surged 19%, rating as the most important gainer within the cryptocurrency market at the moment.
On the time of writing, WIF was buying and selling at $2.31, up 19% up to now 24 hours, based on information from CoinMarketCap (CMC). The crypto asset’s day by day buying and selling quantity has additionally risen 34% to hover round $432 million.
In the meantime, the meme coin based mostly on a picture of a Shiba Inu canine carrying a pink knit cap has additionally surpassed a market cap of $2.3 billion, however WIF is buying and selling 55% beneath its all-time excessive hit on March 31.
WIF’s current surge comes after main asset supervisor VanEck filed with the SEC for the primary U.S. Solana exchange-traded fund (ETF).
VanEck’s transfer possible spurred renewed enthusiasm amongst traders in Solana-based meme cash, who’re anticipating a potential surge within the value of such tokens following the approval of the Solana ETF.
However, Market Spotter, identified for its superior buying and selling indicators, I got it. On July 1st, WIF broke by the resistance trendline and predicted a goal value of $4.5.
WIF’s value surge comes amid the broader meme coin market, which rose 4.3% up to now 24 hours to $49.2 billion. In addition to WIF, different widespread meme cash that noticed value spikes embody Pepecoin, BONK, and BRETT, which noticed positive factors of 9%, 8%, and seven%, respectively.
In the meantime, the worldwide cryptocurrency market additionally rose 3% to a complete worth of $2.33 trillion, whereas the pioneering cryptocurrency Bitcoin additionally rose 2.7% to commerce at $63,034, based on information from CMC.
