American monetary service firm, Robinhood has shocked the broader cryptocurrency group by itemizing Solana-based Dogwifhat (WIF) meme coin on its platform.
Robinhood Formally Lists Dogwifhat (WIF)
In a current replace on its official web site, Robinhood has announced its assist for the doggy-themed meme coin, WIF. The monetary service agency has positioned the Solana-based token among the many ranks of outstanding cryptocurrencies like Dogecoin and Shiba Inu.
Launched in December 2023, the Dogwifhat token stays one of many latest meme coins within the cryptocurrency area presently. The token operates on the Solana community and emulates a humorous picture of a Shiba Inu canine carrying a hat.
The addition of the WIF token on Robinhood is considered as a nice shock by the cryptocurrency group, which anticipates a considerable surge within the meme coin quickly. The listing additionally comes as a part of Robinhood’s strategic transfer to diversify its cryptocurrency portfolio, catering to a extra in depth viewers and addressing the evolving wants of its person base.
Moreover, Robinhood’s determination to assist the WIF token is about to broaden its platform and the cryptocurrency to new merchants and traders, facilitating widespread adoption and engagement from crypto lovers across the globe.
The monetary service agency has famous that the WIF token is presently that can be purchased, promote and maintain on its crypto platform. Customers can now securely interact in cryptocurrency trading at a low price whereas incomes a proportion of their trades in Bitcoin.
Presently, the Robinhood platform helps 31 cryptocurrencies, together with the WIF token. According to its expansion strategy, the monetary service firm has disclosed plans to include extra cryptocurrencies into its portfolio sooner or later.
WIF Experiences Large Worth Surge
Just lately, the Dogwifhat (WIF) meme coin has witnessed exponential development, recording over a 317% improve previously month, in accordance with CoinMarketCap. The broadly mentioned meme coin was beforehand buying and selling at a value above $0.2 final month. Nonetheless, following a powerful surge of over 200% within the final week, WIF is presently buying and selling at $0.91.
The cryptocurrency had hit the $1 value mark at one level however subsequently retraced to settle simply above $0.9. Presently, WIF continues to journey the bullish wave, recording a 14.15% improve within the final 24 hours. With the market capitalization surpassing $934 million, the meme coin has recorded a buying and selling quantity of over $226 million.
Highlighting WIF’s important value surge with a screenshot of its value chart, BitMEX Chief Government Officer, Arthur Hayes has expressed excitement over the unprecedented value surge. The crypto CEO had beforehand revealed intentions to put money into WIF, foreseeing a possible bullish trajectory for the cryptocurrency.
Worth at $0.94 | Supply: WIFUSDT on Tradingview.com
Featured picture from Decrypt, chart from Tradingview.com
