Dogwifhat (WIF) Surges 34% After Coinbase Listing, Defying Bearish Predictions

A dog-themed competitor to Dogecoin, dogwifhat (WIF), is on the rise after being listed on Coinbase, a major U.S. crypto exchange.

In a recent update, Coinbase announced that dogwifhat is now available for buying, selling, sending, and converting. This popular meme asset launched in December 2023.

“dogwifhat is now live on coinbase.com and in the Coinbase iOS and Android apps. Customers can log in to buy, sell, convert, send, receive, or store these assets,” the exchange stated.

The news of this listing gave WIF a boost. It jumped from $2.99 on November 13th to $4.05, marking a 34% increase. Just before the 2024 presidential election, WIF was valued at only $1.92.

WIF started on the Solana blockchain as a community-driven memecoin with a fixed supply. Its logo features a Shiba Inu dog in a cute pink knitted hat, quickly making it popular.

Last month, a crypto trader known as Credible Crypto predicted that WIF, trading at $2.84 at the time, showed signs of a potential drop below $1.

While WIF did dip below $2, it never fell below $1. It rode the post-election wave to reach over $4.