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The capitalization of 3 out of 10 largest meme cryptocurrencies more than tripled in the last seven days with Dogwifhat ($WIF) being an undisputed best performer. Shiba Inu ($SHIB), Bonk ($BONK) prices doubled, while other majors saw double-digit price increases.
Solana's meme crypto Dogwifhat ($WIF) sets new price ATH
Dogwifhat ($WIF), a novel dog-themed meme coin on the Solana ($SOL) blockchain, registered its price all-time high today, March 2, 2024. The price of $WIF reached an unbelievable $1.33 level on major spot and crypto centralized exchanges.
$WIF price peaked at $1,33">As a result, the capitalization of Dogwifhat ($WIF) reached the previously unseen $1.317 billion mark. The token managed to accomplish 10-digit capitalization less than three months after launch.
Dogwifhat ($WIF) exceeded one of the most popular meme coins Floki ($FLOKI), a partner of BitGo, AliExpress and Binance heavyweights. Floki ($FLOKI), at the same time, soared by 80% in the last 24 days.
As covered by U.Today previously, Solana's meme coins Bonk ($BONK) and Dogwifhat ($WIF) are the most overhyped beneficiaries of the early Q1 2024 meme cryptos frenzy.
The coins managed to benefit from the increased interest in Solana ($SOL) and the evergreen popularity of meme coins amid aggressive narrative-led investors.
Meme coins segment soars by third in 24 hours
Should $WIF's rally continue, it has all chances to replace CorgiAI (CORGIAI) as the fifth largest meme coin, joining the elite club of Dogecoin (DOGE), Shiba Inu ($SHIB), Pepe (PEPE) and Bonk ($BONK).
The segment of meme coins is rocketing in early March 2024. Today, it smashed through $42 billion capitalization, following a 34% overnight price increase.
The aggregated trading volume targets $17 billion, CoinGecko data says.