dogwifhat (WIF) Memecoin Continues To Rise Following Coinbase Listing

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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Generated Image: Midjourney