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 latest replace on its official web site, Robinhood has introduced its assist for the doggy-themed meme coin, WIF. The monetary service agency has positioned the Solana-based token among the many ranks of distinguished cryptocurrencies like Dogecoin and Shiba Inu.
Launched in December 2023, the Dogwifhat token stays one of many latest meme cash within the cryptocurrency house presently. The token operates on the Solana community and emulates a humorous picture of a Shiba Inu canine sporting a hat.
The addition of the WIF token on Robinhood is seen as a nice shock by the cryptocurrency group, which anticipates a considerable surge within the meme coin quickly. The itemizing 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 consumer base.
Moreover, Robinhood’s resolution to assist the WIF token is about to broaden its platform and the cryptocurrency to new merchants and buyers, facilitating widespread adoption and engagement from crypto fanatics 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 buying and selling at a low value whereas incomes a share of their trades in Bitcoin.
At present, the Robinhood platform helps 31 cryptocurrencies, together with the WIF token. In keeping with its enlargement technique, the monetary service firm has disclosed plans to include extra cryptocurrencies into its portfolio sooner or later.
WIF Experiences Huge Value Surge
Lately, the Dogwifhat (WIF) meme coin has witnessed exponential development, recording over a 317% improve up to now month, in response to CoinMarketCap. The broadly mentioned meme coin was beforehand buying and selling at a value above $0.2 final month. Nonetheless, following a formidable surge of over 200% within the final week, WIF is at the moment 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 experience 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 pleasure over the unprecedented value surge. The crypto CEO had beforehand revealed intentions to spend money on WIF, foreseeing a possible bullish trajectory for the cryptocurrency.
Value at $0.94 | Supply: WIFUSDT on Tradingview.com
Featured picture from Decrypt, chart from Tradingview.com
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