TL;DR
- The cryptocurrency dogwifhat, or WIF as it is also known, has fans who are raising money to advertise on the Sphere Las Vegas.
- WIF has seen its value surge recently. Its market cap is now near $2.5 billion. This was boosted by the support of major exchanges, and endorsements from notable figures.
WIF Eyeing Sin City
One of the best-performing cryptocurrencies – dogwifhat (WIF) – in the past few months might receive a significant promo push in the near future.
The X User Ansem revealed that its fan base has launched a mission to put the token’s logo on the Sphere – a famous entertainment arena in Las Vegas, Nevada. Its exterior is used to advertise products or services by renting it for $450,000 per day or $650,000 each week.
The WIF community seems to want their favorite token visible for at the very least seven days, since they are aiming to raise exactly $650K. One day after the announcement of the initiative, donations had already begun. surpassed The $300K threshold
The rally of WIF in the past two weeks is nothing short of impressive. At the end of February the price of Solana’s meme coin was only $0.30. Now it is worth $2.20. (According to CoinGecko).
Its all time high was yesterday (10 March) when the valuation reached $2.45. Meanwhile, the market capitalization approached a staggering $2.5 billion.
What is the cause of the Rally?
WIF could have been a success because of SOL’s performance and support from many cryptocurrency exchanges. Binance, Kraken and Bitget are all giants in the cryptocurrency exchange world. Robinhood Here are some examples.
WIF also has the support of industry leaders who have publicly backed it. Arthur Hayes (co-founder of BitMEX) shared a jokey photo a few months ago of himself wearing a hat, which was a reference to the token name and logo. He recently posted Chart of WIF’s massive price increases on X. “Who is WIF me?”
Bonk Inu and Myro are two other Solana memes that have been successful in recent times. Their combined market capitalization is close to $2.5 billion.
The possibility of a substantial profit is what makes these tokens so appealing. The search for the next Please check out our video to learn more about the price increase of such coin.
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“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: cryptopotato.com