Dog-Themed WIF/USD Coin Spikes 8% Against Broader Memecoin Slump, Weekly Gains Top 51%

Canine coin dogwifhat WIF/USD bucked the broader memecoin slump to post healthy gains Thursday.

Canine coin dogwifhat (WIF) price soared Thursday, bucking the broader memecoin slump and notching up healthy gains.

What Happened: The Solana (SOL)-based coin, which features a Shiba Inu puppy wearing a pink-knitted hat, spiked more than 8% over the past 24 hours to hit 1-month highs.

The surge came even as the broader memecoin market, including blue-chip currencies, took a hit. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) were all trading down at the time of writing. The total memecoin market cap shrank 4.21% over the past 24 hours

WIF’s spike extended its weekly gains to over 51% — the highest in the cryptocurrency market. Year-to-date, the dog-themed coin has jumped a staggering 1471%, the largest among memecoins with a market cap greater than $1 billion.

A widely-followed cryptocurrency trader on X, going by the pseudonym HornHairs, said that the coin was poised for further gains if it manages to hold above $2.20. The trader flagged $3 as the next target for the cryptocurrency.

Price Action: At the time of writing, WIF was exchanging hands at $2.41, up 8,72% in the 24 hours, according to data from Benzinga Pro.

The above is the detailed content of Dog-Themed WIF/USD Coin Spikes 8% Against Broader Memecoin Slump, Weekly Gains Top 51%. For more information, please follow other related articles on the PHP Chinese website!