Dogecoin’s (DOGE) dog-themed rival continues its post-election rally with support from Coinbase, the leading US cryptocurrency exchange platform.
In a new announcement, Coinbase revealed that the popular meme asset dogwifhat (WIF), which launched less than a year ago in December 2023, can now be bought, sold, traded, transferred, and converted on its platform.
“dogwifehat is currently live on (coinbase.com) and on the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
Following the listing news, WIF has risen 34% from a low of $2.99 on November 13 to the current price of $4.05. The day before the 2024 presidential election, the value of WIF was only $1.92.
WIF was launched last year as a community-driven memecoin with a fixed supply on the Solana (SOL) blockchain. It immediately gained popularity by depicting a Shiba Inu wearing a pink knit hat.
Last month, pseudonymous cryptocurrency trader Credible Crypto predicted that WIF, which was trading at $2.84 at the time, was showing a bearish setup that could cause it to fall below $1.
WIF’s price eventually fell below $2, but it never went below $1 and eventually rose to over $4 on the post-election boom.
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