A dog-themed rival to Dogecoin (DOGE) is continuing its post-election rise after receiving support from US crypto exchange platform Coinbase.
In a new announcement, Coinbase say 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, close, send and convert.
“dogwifhat now lives 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 13 to its current price of $4.05, a gain of 34%. The day before the 2024 presidential election, WIF was valued at just $1.92.
WIF was launched last year on the Solana (SOL) blockchain as a community-driven memecoin with a fixed supply. It shows the image of a Shiba Inu dog wearing a pink knitted hat and quickly became popular.
Last month, pseudonymous crypto trader Credible Crypto predicted that WIF, which was exchanging hands at $2.84 at the time, was showing a bearish stance that could see it fall below $1.
Although WIF eventually dipped below the $2 price tag, it never dropped below $1, ultimately bringing the price to over $4 after the election.
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Generated image: Midjourney