Who Let The DOGE Out? Dog-Themed Coins Soar By 12%, WIF And FLOKI Lead The Way
February 28 2024 - 1:00PM
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The crypto market seems to be going nowhere but up. Bitcoin nears
$60,000, Ether has been surfing above the $3,000 wave for four
days, currently sitting at the $3,330 level, and the rest of the
market continues to gain momentum. Significant developments and a
strong bullish sentiment have built up over the past couple of
months, and as a result, the top gainers during this bull run are
coming from every sector of the market. This is the case of
Dog-themed coins, which currently sit among the cryptocurrencies
with the best performance over the last few days. Related Reading:
Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K
Dog-Themed Coins Are Soaring Dog-inspired cryptocurrencies are some
of the most popular coins among the crypto community. The trend
started with the popular internet doge meme and has inspired some
of the most recognizable memecoins in the market. The largest by
market capitalization in this category, Dogecoin, currently stays
out of the top ten cryptocurrencies by this metric. However, it has
remained close to the top with its 11th place. Top ten dog-themed
coins by market cap. Source: CoinGecko The Dog-themed market cap
has shown a 12.8% growth in the last 24 hours, as CoinGecko data
shows. The sector’s market capitalization sits at an impressive
$23.8 billion, and the dog-based coins trading volume reached over
$4.25 billion in the last 24 hours. The chart above shows that the
top ten dog-inspired cryptocurrencies display positive performance,
with green numbers all over the board in the last 7 days.
Impressive Performance From WIF, FLOKI And More Dogecoin, Shiba
Inu, and Bonk lead the dog-inspired market. However, none of these
tokens are among the top five gainers on the last day or week. At
writing time, the coins that have seen the best performance in this
category include dogwifhat (WIF), FLOKI (FLOKI), Samoyedcoin
(SAMO), Myro (MYRO), and Chihuahua Chain (HUAHUA). Let’s take a
look at the 3 top gainers: Dogwifhat (WIF) WIF’s price jumped 41.9%
during the last day and now trades at $0.7765. Earlier today, the
coin’s price recorded a new all-time high (ATH) after reaching
$0.79. Just last week, a crypto analyst predicted that the price of
WIF was about to go “turbo parabolic” and possibly reach $1. Fans
of the project have shown their excitement by suggesting that
investors “keep their hats on” during this leg of the rally.
Dogwifhat’s daily trading volume of $123.5 million represents a
34.30% increase from one day ago. This hints at a recent rise in
“hats being put on” after the token has shown an impressive 117.8%
and 137.8% price jump in the last 7 and 30 days, respectively.
FLOKI As previously reported, FLOKI has been soaring after DWF Labs
announced its plans to strengthen its partnership with the project.
The digital assets investment firm will purchase $10 million worth
of FLOKI tokens directly from the project’s treasury over two
years. Since then, the token’s price has risen 37.7% in the last 24
hours. Currently trading at $0.00005973, FLOKI has maintained its
gains over the week with an 85.4% price increase. Additionally, its
performance recorded a 100.1% jump in the 30-day time frame.
According to CoinGecko data, FLOKI is outperforming the global
crypto market with its performance in the last week. Similarly, it
has increased its trading volume by 116.6% in 24 hours, with over
$382 million. Chihuahua Chain Chihuahua Chain surprised the crypto
community after becoming one of the largest global earners on the
last day. Members of the ‘HUAHUA Army’ speculated if the token
would break out of the downtrend seen after the token’s massive
pump in December. HUAHUA experienced a massive 48.4% price jump in
the last 24 hours. The token went from its $0.00018 price to trade
at $0.0003411. Its daily trading volume massively increased by
140.4% and currently sits at $1.017 million. This performance has
been sustained over the last month, as the token’s price has grown
50.3%. Related Reading: Top Memecoins Face Pullback Amid Recent
Market Rally WIF is trading at $0.7267 in the 1-day chart. Source:
WIFUSDT on TradingView.com Feature image from Unsplash.com, Chart
from Tradingview.com
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