Dogwifhat outperforms memecoin market after Robinhood Europe listing
Dogwifhat has outperformed its memecoin peers after a stealth listing on Robinhood Europe.The Solana-based dog-themed token is up nearly 30% over the past 24 hours.
For comparison, memecoin Pepe is up 17.7%, Bonk is up 5.4% and Dogecoin is down nearly 3% over the same timeframe.
The overall memecoin market capitalization is up 8.3%, per CoinGecko, while the overall global cryptocurrency market cap is relatively flat, up 0.1%.
The latest price movements come after a stellar week for memecoins, in general. Dogwifhat has increased by 237% over the past week, while Pepe and Bonk have surged by 174.7% and 98.8%, respectively. Leading memecoin Dogecoin has "lagged" with an increase of 47.7%.
WIF/USD price chart. Image: The Block/TradingView .
To put memecoins' outperformance into perspective, crypto-market leaders bitcoin and ether have increased by 22.8% and 17.5% over the past seven days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed rate hikes may not necessarily end the bull market frenzy! Historical data reveals: what the market truly fears is a "cycle of tightening"
Wall Street has its own set of rules regarding the end of a stock market bull run, but currently neither of the two conditions is met, even though interest rate risks are quietly returning. According to historical data, what poses a threat to bulls is a complete rate-hiking cycle, not a single rate increase.
Bitcoin Price Prediction: Three Straight ETF Outflow Days — Is the Streak About to Break Bad?
Morgan Stanley Refutes "AI Capex Peak Theory," Predicts AI Semiconductor Capex Will Continue to "Outpace" in 2028, 2.5D Packaging Capacity to Increase by Another 50%
Morgan Stanley stated in a research report that CSP capital expenditure growth may drop to 12%, but expansion in CoWoS/CoPoS/EMIB-T, along with strong demand for ASIC and HBM, remains robust. MediaTek, TSMC, and Intel will become the focus.
Chainlink ETF inflows turn positive again after quiet September start
Crypto prices
More
