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SHIB Rival WIF Jumps 27%, Becoming Top 100 Performing Asset
Vladislav Sopov
Dogwifhat (WIF), Solana’s Largest Meme Coin, Paving the Way for Today’s Cryptocurrency Recovery
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Dogwifhat (WIF), the largest Solana-based meme coin, is leading the current cryptocurrency rally. WIF’s price is up over 27%, while its closest competitor EGLD has only added 17%. At the same time, smaller Solana meme coins are also showing impressive gains.
Dogwifhat (WIF) Undisputed: Meme Cryptocurrency Surpasses $2 Billion Market Cap
As the cryptocurrency segment recovers after yesterday’s dramatic crash, meme coins are once again leading the process. Dogwifhat (WIF) price has jumped above the crucial $2 level and is extremely close to surpassing Arbitrum (ARB) in market cap after a 27% rally, according to CoinGecko.
Image of CoinGecko
At press time, WIF’s aggregate market cap reached $2.018 billion, while for Arbitrum (ARB), which is also up sharply today, this metric stands at $2.039 billion.
Other major meme coins are showing the same performance. Shiba Inu (SHIB) is up 14% and is back among the top 15 cryptocurrencies by market cap.
Bonk (BONK) and Based Brett (BRETT) also entered the top 10 fastest growing cryptocurrencies, up 13% and 11%, respectively.
The aggregate cryptocurrency market capitalization is up 6% today, while Bitcoin (BTC) and Ethereum (ETH) both added around 3% to their market cap metrics.
POPCAT, BILLY Massive Rallies Push Solana (SOL) Meme Coin Segment Higher
The current price rally is ruthless for those looking to short the cryptocurrency market. Of the $184 million in liquidations in the last 24 hours, over 75% are short positions, according to CoinGlass. He says.
As for segments, Solana meme coins are the best performers of the last day. In addition to the aforementioned WIF rally, this success should be attributed to the wonderful dynamics of small-cap coins.
For example, Popcat (POPCAT) jumped 27% and replaced Cat in Dogs World (MEW) as the largest Solana cat coin.
The lesser-known meme coin Billy (BILLY), with an account X that literally includes three posts, is on the verge of entering the top 250 cryptocurrencies by market cap after a spectacular 70% growth.
In total, Solana’s meme coin segment grew 11% overnight, according to the data.
About the author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in IT analytics, 3+ years in blockchain.
He has worked both in independent analysis and in start-ups (Swap.online, Monoreto, Attic Lab etc.)