Dogwifhat (WIF), the largest meme coin in Solana, is driving the present surge in the cryptocurrency market. WIF’s price rose more than 27%, more than any other cryptocurrency in the top 100. Its primary opponent, EGLD, barely scored 17%. Furthermore, the smaller Solana meme coins are far more precious.
Meme currencies will be first when the crypto market recovers following yesterday’s significant decline. On CoinGecko, Dogwifhat’s (WIF) price rose above the crucial $2 level. With it now at 27%, it nearly matches Arbitrum’s market capitalization (ARB).
Shib Rival Dogwifhat Nears Arbitrum’s Market Cap Amid Surge
Just above $2.039 billion for Arbitrum, which is also rising today, Dogwifhat’s market capitalization at the time this was written was $2.018 billion.
Shib rival WIF surges 27%, leading Solana meme coins. Shib also rises, approaching Arbitrum’s market cap amid broader Shib and crypto recovery.
Now, they are worth six per cent more than they were yesterday. Bitcoin (BTC) and Ethereum (ETH) are valued at roughly 3% more. People who sold bitcoin short lost money while prices were still rising. According to a CoinGlass analysis, almost 75% of the $184 million sold over the past 24 hours was in short trades.
The Solana (SOL) group has grown in value since meme coin prices such as POPCAT and BILLY have changed noticeably. These meme coins are much more valuable now that the market is improving.
