2024-03-05 20:00:24 by NewsBTC

Binance just announced the listing of Dogwifhat (WIF), the Solana-based coin climbing up in the memecoins ranking. The price of the dog-themed coin positively reacted to the announcement news and reached a new all-time high. WIF Now Trading On Binance Today, Binance announced the highly anticipated listing of Dogwifhat. WIF has been experiencing a crazy bull run the past few weeks that has catapulted the coin even higher after the memecoin frenzy that started over the weekend. The hat stays on, on #Binance$WIF will be live for trading at 14:00 UTC. 🐕 🧢 — Binance (@binance) March 5, 2024 The largest crypto exchange revealed that the listing and open trading of the supported Spot Trading Pairs would occur today at 14:00 (UTC). Additionally, withdrawals will be available on March 6 at 14:00 (UTC). According to the announcement, the new Spot Trading Pairs available on Binance are WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. The exchange warned users about the “higher than normal risk” of WIF’s price volatility. Due to its relatively new token status, it suggested that investors do their research before deciding to trade the token. Moreover, Binance announced that the Seed Tag will be applied to WIF. This tag labels the coin as an “innovative project that might exhibit higher volatility and risks than other listed tokens.” As a result of the Seed Tag, users will need to pass the corresponding quizzes every 90 days on the Binance Spot and Binance Margin platforms to gain trading access to WIF. The quizzes, as the Binance support page reads, are set up to ensure the user’s awareness of the risks of a token before trading it. The Hat Stays On Dogwifhat has gone on a “turbo parabolic” rally since late February. This rally has gained the dog-themed coin traditional media acknowledgment. Recently, a Bloomberg host name dropped WIF, alongside PEPE, when discussing whether the “era of the memecoin is back” on live TV. Undoubtedly, WIF’s performance has been notable after the memecoin market pullback from a few weeks ago, when WIF was experiencing a 30% price decrease in the 7-day timeframe. At the time, Dogwifhat was the 196th largest cryptocurrency by market cap, according to CoinGecko data. After investors wore several hats, the memecoin climbed to 64th in two weeks. Dogwifhat ranks 64th among all cryptocurrencies. Source: CoinMarketCap Following the announcement, WIF’s price of $1.51 skyrocketed to a new all-time high of $1.90. This price increase represented a 25.8% surge in an hour. Consequentially, the market activity for the dog-themed coin increased 81.17% in the last 24 hours, with a trading volume of $657.2 million, according to CoinMarketCap Data. At the time of writing, Dogwifhat has seen an 8.2% price drop from its new ATH mark in the past hour. With a market capitalization of $1.7 billion, 2.2% down from the day prior, WIF is the fifth largest memecoin by this metric. The current price of $1.74 still represents a 2% gain in a 24-hour timeframe. WIF is trading at $1.7 in the hourly chart. Source: WIFUSDT on TradingView.com Featured image from X.com, Chart from Tradingview.com Rubmar Garcia Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.