However, Catwifhat (CWIF), a joke coin with a cat theme that is the opposite of Solana’s Dogwifhat, is going up independently. Bitcoin and other major cryptocurrencies are going down. The coin is now worth $0.00000082, a significant 42% increase. This is because the number of trades has gone up by 60%. CoinMarketCap shows that Catwifhat has quickly returned its $30 million market value.
Investors are wary of the cat version of Dogwifhat because they remember how quickly Dogwifhat became famous. It was once the most expensive Solana joke coin, worth $4.8 billion. Notably, Dogwifhat has developed a strong connection with Solana, one of the most well-known cryptocurrencies, as the market is rising. Catwifhat now is doing the same thing. Its market value is still only $30 million, even though its price has increased 400% in the last week.
Catwifhat’s Growing Exchange Advocacy
Even though Catwifhat’s market cap is a small part of Dogwifhat’s peak, the coin is still getting important boosts that make it more valuable. On April 25, Catwifhat perpetual futures were first listed on BitMart, giving buyers a new way to trade. Also, trustworthy websites like SolanaFM, CoinMarketCap, Solscan, and CoinGecko have now checked their market cap and trading supply. It has also become popular on sites such as DEXTools and Bireye.
Catwifhat’s X account supporters are actively asking for KuCoin to add the meme coin to its exchange, which is another sign that more people are becoming interested in it.
Franklin Templeton, a well-known asset management firm, saw that Solana could solidify its place as the third-largest cryptocurrency on the market. This happened when the price of meme coins based on Solana recently went through the roof. The business knows that Solana’s strengths are its growing ability and low transaction fees. Because of these things, meme tokens like CWIF and well-known tokens like BONK and WIF can survive and have frequently been among the top 100 cryptocurrencies by market value.
