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Binance simply introduced the itemizing of Dogwifhat (WIF), the Solana-based coin climbing up within the memecoins rating. The worth 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
Right this moment, 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 larger after the memecoin frenzy that began over the weekend.
The hat stays on, on #Binance$WIF will likely be dwell for buying and selling at 14:00 UTC.
🐕 🧢
— Binance (@binance) March 5, 2024
The most important crypto trade revealed that the itemizing and open buying and selling of the supported Spot Buying and selling Pairs would happen at present at 14:00 (UTC). Moreover, withdrawals will likely be obtainable on March 6 at 14:00 (UTC).
In keeping 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 trade warned customers in regards to the “larger than regular threat” of WIF’s value volatility. Attributable to its comparatively new token standing, it prompt that buyers do their analysis earlier than deciding to commerce the token.
Furthermore, Binance introduced that the Seed Tag will likely be utilized to WIF. This tag labels the coin as an “progressive venture that may exhibit larger volatility and dangers than different listed tokens.”
Because of the Seed Tag, customers might want to go 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.
Just lately, a Bloomberg host identify dropped WIF, alongside PEPE, when discussing whether or not the “period of the memecoin is again” on dwell TV.
Undoubtedly, WIF’s efficiency has been notable after the memecoin market pullback from just a few weeks in the past, when WIF was experiencing a 30% value lower within the 7-day timeframe.
On the time, Dogwifhat was the 196th largest cryptocurrency by market cap, in line with CoinGecko information. After buyers wore a number of hats, the memecoin climbed to sixty fourth in two weeks.
Dogwifhat ranks 64th amongst all cryptocurrencies. Supply: CoinMarketCap
Following the announcement, WIF’s value of $1.51 skyrocketed to a brand new all-time excessive of $1.90. This value enhance 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 line with CoinMarketCap Knowledge.
On the time of writing, Dogwifhat has seen an 8.2% value 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 value of $1.74 nonetheless represents a 2% acquire in a 24-hour timeframe.
WIF is buying and selling at $1.7 within the hourly chart. Supply: WIFUSDT on TradingView.com
Featured picture from X.com, Chart from Tradingview.com
Disclaimer: The article is offered for instructional functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your personal analysis earlier than making any funding selections. Use info offered on this web site solely at your personal threat.
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