Binance simply introduced the itemizing of Dogwifhat (WIF), the Solana-based coin climbing up within the memecoins rating. The value of the dog-themed coin positively reacted to the announcement information and reached a brand new all-time excessive.
WIF Now Buying and selling On Binance
Immediately, Binance introduced the extremely anticipated itemizing of Dogwifhat. WIF has been experiencing a loopy bull run the previous few weeks that has catapulted the coin even greater after the memecoin frenzy that began over the weekend.
The hat stays on, on #Binance$WIF shall be reside for buying and selling at 14:00 UTC.
— Binance (@binance) March 5, 2024
The most important crypto alternate revealed that the itemizing and open buying and selling of the supported Spot Buying and selling Pairs would happen at this time at 14:00 (UTC). Moreover, withdrawals shall be obtainable on March 6 at 14:00 (UTC).
In line with the announcement, the brand new Spot Buying and selling Pairs obtainable on Binance are WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
The alternate warned customers concerning the “greater than regular threat” of WIF’s worth volatility. On account of its comparatively new token standing, it urged that buyers do their analysis earlier than deciding to commerce the token.
Furthermore, Binance introduced that the Seed Tag shall be utilized to WIF. This tag labels the coin as an “progressive venture which may exhibit greater volatility and dangers than different listed tokens.”
On account of the Seed Tag, customers might want to move the corresponding quizzes each 90 days on the Binance Spot and Binance Margin platforms to achieve buying and selling entry to WIF. The quizzes, because the Binance assist web page reads, are arrange to make sure the consumer’s consciousness of the dangers of a token earlier than buying and selling it.
The Hat Stays On
Dogwifhat has gone on a “turbo parabolic” rally since late February. This rally has gained the dog-themed coin conventional media acknowledgment.
Not too long ago, a Bloomberg host identify dropped WIF, alongside PEPE, when discussing whether or not the “period of the memecoin is again” on reside TV.
Undoubtedly, WIF’s efficiency has been notable after the memecoin market pullback from a number of weeks in the past, when WIF was experiencing a 30% worth lower within the 7-day timeframe.
On the time, Dogwifhat was the 196th largest cryptocurrency by market cap, in accordance with CoinGecko information. After buyers wore a number of hats, the memecoin climbed to sixty fourth in two weeks.
Following the announcement, WIF’s worth of $1.51 skyrocketed to a brand new all-time excessive of $1.90. This worth improve represented a 25.8% surge in an hour.
Consequentially, the market exercise for the dog-themed coin elevated 81.17% within the final 24 hours, with a buying and selling quantity of $657.2 million, in accordance with CoinMarketCap Information.
On the time of writing, Dogwifhat has seen an 8.2% worth drop from its new ATH mark up to now hour. With a market capitalization of $1.7 billion, 2.2% down from the day prior, WIF is the fifth largest memecoin by this metric. The present worth of $1.74 nonetheless represents a 2% achieve in a 24-hour timeframe.
