Will Dogecoin With Hat Surge Above $1 as It Gets Listed on Robinhood?
The cryptocurrency community is buzzing with excitement as the meme coin Dogwifhat (WIF), built on the Solana blockchain, prepares to be listed on the popular trading platform Robinhood. This development is in line with the trend of meme coins gaining popularity, particularly due to endorsements from influential figures in the crypto industry.
Robinhood, a widely used zero-fee trading platform, has been taking strategic steps to expand its cryptocurrency offerings. The recent announcement of Dogwifhat’s listing aligns with Robinhood’s commitment to diversify its crypto assets and simplify the user experience in the fast-evolving crypto space.
The surge in popularity of Dogwifhat can be attributed to strong support from its community and endorsements from influential individuals. Crypto analyst Ansem initially brought attention to WIF, but it was the support from Hsaka that propelled the meme coin to new heights.
Hsaka’s social media post, stating ” $1b+ 24h perps volume… no tier 1 spot listings yet. (expect this to change soon),” has shed light on the potential for WIF to be listed on tier 1 crypto exchanges, further driving its growth. He highlighted WIF’s impressive 24-hour perps volume, which led to a remarkable 75% surge, reaching an all-time high of $1.01.
Investors are optimistic about the growth potential of Dogwifhat, with a target price of $1 per token. With a market capitalization still below $1 billion, WIF offers ample room for substantial gains. Considering the achievements of Dogecoin and Shiba Inu in 2021, as well as the current bullish market sentiment, Dogwifhat could emerge as a significant player in the anticipated crypto bull run over the next two years.
However, regulatory factors and potential listings on tier 1 exchanges like Binance and Coinbase add complexity to the trajectory of WIF.
In the midst of the dominance of dog-themed meme coins, the success of the frog-themed Pepe Coin in 2023 has inspired a new contender called Frogwifhat (FWIF). Launching through Uniswap, FWIF quickly achieved a market capitalization of $4 million within hours, indicating the enduring popularity of meme coins with unique themes.
Tags: Altcoins