The Price of the Dogwifhat Token (WIF) Suddenly Rose After Being Listed on Coinbase

The price of the Dogwifhat token (WIF), which was launched in December 2023, suddenly rose after being listed on the largest crypto exchange platform in the US

A surprising development occurred with the Dogwifhat (WIF) token, which was launched in December 2023. After being listed on Coinbase, the largest crypto exchange platform in the US, the WIF token experienced a sudden price increase.

Coinbase announced in an official statement that WIFs can now be purchased, sold, converted, and stored via their iOS and Android websites and apps. "Dogwifhat is now available on [coinbase.com] and the Coinbase iOS and Android apps. Coinbase users can sign in to buy, sell, convert, send, receive, or store these assets," the announcement stated.

This news drove the WIF price up sharply from $2.99 (IDR 47,242) on November 13 to $4.05 (IDR 63,990), marking an increase of 34%. Notably, just a day prior to the 2024 US presidential election, this token was valued at only $1.92 (IDR 30,336).

For those unfamiliar, WIF is a community-based memecoin that operates on the Solana blockchain (SOL). This token features an image icon of a Shiba Inu dog wearing a pink knitted hat, a unique characteristic that has quickly made it popular among memecoin enthusiasts.

The recent surge in WIF prices came as a surprise to many, especially considering the predictions made by renowned crypto analyst Credible Crypto. In October, Credible Crypto had predicted a bearish trend for WIF, with potential drops below $1 (Rp15,800). While WIF did fall below $2 (Rp31,600), it never reached the predicted levels of below $1, instead skyrocketing after the US election.

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