TL;DR
- The cryptocurrency reached a new high and briefly became the fifth largest meme coin.
- Pepe Coin, Floki Inu and other performers have been able to make a significant impact in the niche.
The Solana-based meme coin – Dogwifhat (WIF) – seems to have no limitations, with its price hitting a fresh all-time high of around $0.66 today (February 28). The asset’s value soared by more than 100% in just one month, which led to its new high.
Earlier, its market capitalization soared past $650,000,000, briefly making the token the fifth-largest meme coin. Later, the token’s market capitalization retraced slightly, with CorgiAI, (CORGIAI), reclaiming its previous position.
WIF’s recent upswing coincides in a massive wave of green spreading throughout the entire cryptocurrency industry. Bitcoin (BTC), a cryptocurrency, has recently crossed The $57K level, while Ethereum (ETH), reached a high of $3,200, a record for 23 months.
Meme coins have also seen a boom. Pepe Coin and Floki inu (FLOKI) are two of the best performers, with daily gains that were double-digits.
On February 27, the Web3 investment company DFW Labs literally flipped its price vertical. announced It would buy FLOKI tokens worth $10 million to support and develop the project ecosystem.
Bonk Inu and Myro are also other Solana Meme Coins that have done well.
If you want to learn more about the niche of meme coins and the various tokens and their purposes and risks, please take a look at the video below.
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: cryptopotato.com