The Dogwifhat token took third place in market capitalization of all meme cash, overtaking Pepe.
Based on CoinGecko, Dogwifhat (WIF), with a market cap of $3.6 billion, is presently second solely to meme giants Dogecoin (DOGE) and Shiba Inu (SHIB), whose market caps are $31.1 billion and $18 billion, respectively.
Over the previous 24 hours, WIF has additionally turn out to be one of many major development leaders, because the coin’s value elevated by greater than 16%, reaching an all-time excessive (ATH) of $4.01 on March 29.
CoinGecko’s information additionally reveals that the meme coin class has grown by a median of 8%, outperforming bigger niches similar to decentralized finance, yield farms, and alternate tokens.
Meme tokens started to surge on March 28 amid rumors that DOGE could be utilized in social app X’s upcoming cost service, though there was no official phrase from the corporate.
Ethereum Co-Founder Vitalik Buterin additionally paid consideration to the meme coin market, contemplating numerous choices for utilizing this asset class, together with financing public initiatives. Particularly, he proposed utilizing meme cash to lift funds for charity. As well as, Buterin proposed increasing the scope of meme cash and introducing them into the gaming trade.
Buterin additionally identified that in 2024, meme cash have turn out to be one of many most important matters of dialogue in the neighborhood. He drew a parallel between the 2021 bull market when Dogecoin and Shiba Inu cash have been at their peak in reputation.
