dailyhodl.com
A dog-themed rival of Dogecoin (DOGE) is continuing its post-election ascent after gaining support from top US-based crypto exchange platform Coinbase.
In a new announcement, Coinbase says that popular meme asset dogwifhat ($WIF), which launched less than a year ago in December 2023, is now available on its platform to buy, sell, end, send and convert.
“dogwifhat is now live on [coinbase.com] and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
News of the listing sent $WIF flying from a low of $2.99 on November 13th to its current price of $4.05, a gain of 34%. The day before the 2024 presidential election, $WIF has valued at just $1.92.
$WIF launched last year on the Solana (SOL) blockchain as a community-driven memecoin with a fixed supply. It displays the image of a Shiba Inu dog wearing a pink knitted hat and quickly gained popularity.
Last month, pseudonymous crypto trader Credible Crypto predicted that $WIF, which at the time was exchanging hands for $2.84, was displaying a bearish setup that could possibly see it dip below $1.
While $WIF ended up eventually dipping below the $2 price tag, it never fell below $1, eventually riding the post-election boom to a price of over $4.
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