Dogwifhat (WIF) has been recently listed on Coinbase, leading to a significant price surge. This news has garnered interest among traders and investors who see potential for further growth.
Coinbase Listing Opens New Opportunities for WIF
Dogwifhat's listing on Coinbase grabbed traders' attention immediately. This is particularly important for meme coins, as such platforms have a wide user base ready to invest. In this case, 105 million Coinbase users gained access to buying Dogwifhat. Analysts also highlight the 'Coinbase effect,' referencing Shiba Inu's 1800% surge after its listing on the platform in 2021. An analyst named Sito believes that this will positively impact the WIF price in the long term.
WIF Turns $3 into Support, Approaches ATH
Following its listing on Coinbase, WIF's price cemented the $3 mark as support. Analysts' forecasts suggest potential price levels of $7 and $15. Currently, WIF's trading volume has increased to $3.84 billion, a 117% rise. WIF's success also reflects the optimism within the broader meme coin market, which has reached a market cap of $125 billion.
Can Flockerz Be the Next Successful Meme Coin?
New entry in the meme coin market, Flockerz, draws attention with a fresh approach—voting on project development through a decentralized autonomous organization (DAO). Users will be able to participate in decision-making and be rewarded for it. So far, Flockerz has conducted a successful presale, raising $1.7 million, and offers 1,091% APY for staking. Increasingly, analysts, including ClayBro, see significant potential in the project.
Dogwifhat's addition to the listing on a leading cryptocurrency platform like Coinbase marks an important event for the meme coin market, leading to increased interest and price growth for the token. Meanwhile, other projects like Flockerz aim to employ similar strategies to capture their share of market attention.
