Home Business The cryptocurrency “Memecoin,” which has made traders millionaires, is on the rise...

The cryptocurrency “Memecoin,” which has made traders millionaires, is on the rise again

The cryptocurrency “Memecoin,” which has made traders millionaires, is on the rise again

The young crypto Dog woman (WIF), which made several traders millionaires after launching on the Solana (SOL) network last December, is on the rise again. In the last 24 hours, the coin has risen by up to 32.5%. The currency has almost doubled since February 7th. Is it possible that the coin is a new coin? All-time high (ATH) will be crushed?

Memecoin Dogwifhat is rising again

Early last month, this new token was widely reported on news sites. Dogwifhat rose up to 63% in just a few hours, and over a long period of time. The coin has been compared to predecessors such as Bonk (BONK) and Even Dogecoin (DOGE). The comparisons are certainly there, as WIF has the well-known Shiba Inu dog as its logo, albeit with a hat.

Today the brand new coin went through the roof for the umpteenth time. After a period of decline since January 25th, the Memecoin a significant increase since February 7th. After entering a value of €0.16, close to that all-time low, The price quickly rose to a current value of €0.31. Since there are no signs of an end to the rise, and the ATH is €0.446A new record could be close.

Memecoins launched on the Solana network are enjoying great popularity. New cryptocurrencies like Bonk, Dogwifhat and Myro (MYRO) have brought huge returns for some. Bonk, for example, which is now 9.5% in the green, has risen 12,000 percent since October last year.

Myro rose from a low of €0.00185 to €0.2417. This corresponds to an increase of 13,000 percent. However, things are not going so well with this currency. The token has fallen as much as 80% since its all-time high on January 19th. It is difficult for the cryptocurrency to return to its previous levels due to the huge selling pressure.

From $1,000 to $100,000

Dogwifhat, among other things, made the X user (formerly Twitter) Blockgraze a millionaire. The crypto trader found the memecoin very strange after coming across it on the social media platform. He made his decision there $1,000 to investa decision he would not later regret.

Within a short period of time, the value of his investment rose sharply. He decided to sell some, for a total of $25,000. He decided to keep the remaining $130,000 in case the price rose sharply later. It is not known how much profit was ultimately achieved.

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