Why is Dogwifhat (WIF) Price Up Today?

Why is Dogwifhat (WIF) Price Up Today?

The post Why is Dogwifhat (WIF) Price Up Today? appeared first on Coinpedia Fintech News

The Dogwifhat community members were raising $650,000 to put the meme on the Vegas Sphere. However, the donation address had met less than 50% of its goal in more than 24 hours since it went live. Interestingly, over $700,000 was raised to put an image on the viral Solana memecoin Dogwifhat in the Las Vegas sphere. The crowdfunding effort “Sphere Wif Hat” went live on March 10, generating over $702,000 in USD coin-denominated donations. It surpassed its initial goal of $700,000.

The price of the Solana-based memecoin dogwifhat (WIF) has surged by another 25% to reach a new ATH of $3, and a total market cap of $3 billion. A leading figure of the campaign and crypto trader Ansem took to X writing, “Dofwifhat on sphere fully funded,” in a March 13 post. WIF’s recent price surge pushed its total value above the original Solana memecoin Bonk (BONK) and token on Ethereum such as Floki Inu (FLOKI). 

It will be displayed on the Las Vegas Skyline for up to one week. As of three days ago, only $240,000 had been generated from the memecoin community members with many of the donations coming in at the range of $1-$100. Only two wallets donated up to $9,999.

Currently, the donations have surpassed the initial target and this will take dogwifhat to Las Vegas in style. Amongst all of Shiba Inu’s digital assets, dogwifhat happens to be one of the least popular until now and the Sphere showoff might bring the memecoin to the limelight.

However there’s no confirmation about the marketing campaign being accepted by the Las Vegas sphere. Not everyone within the crypto industry was with the idea of seeing dogwifhat on the sphere. Ryan Sean Adams suggested that prices of crypto assets would crash soon after any crypto project was put on the sphere.

Dogwifhats Listings

Additionally, dogwifhat has gained traction as several cryptocurrency exchanges desired to list the memecoin. One of these listings came from the Robinhood crypto platform, with top digital asset service provider Binance also announcing a dogfight listing which has contributed to the memecoin’s publicity.