TL;DR
- Robinhood adds Dogwifhat (WIF): The U.S. financial services company, Robinhood, has listed the Solana-based meme coin, WIF, on its crypto platform, alongside other popular cryptocurrencies such as Dogecoin and Shiba Inu.
- WIF token gains popularity: The WIF token, which features a Shiba Inu dog wearing a hat, has seen a remarkable increase of over 317% in the past month, reaching a price of $0.968 and a market cap of $934 million.
- Crypto community welcomes WIF listing: The cryptocurrency community has reacted positively to the inclusion of the WIF token on Robinhood, expecting a further rise in its value and adoption. Robinhood plans to add more cryptocurrencies to its portfolio in the future.
The U.S. financial services company, Robinhood, has taken the cryptocurrency community by surprise by adding the Solana-based Dogwifhat (WIF) meme coin to its platform. Robinhood recently updated its official website to announce its endorsement of the canine-themed meme coin, WIF, placing it alongside well-known cryptocurrencies such as Dogecoin and Shiba Inu.
The Dogwifhat token, which was introduced in December 2023, is one of the latest meme coins in the current cryptocurrency market. This token, which operates on the Solana network, portrays a comical image of a Shiba Inu dog donning a hat.
The cryptocurrency community has warmly welcomed the inclusion of the WIF token on Robinhood, anticipating a significant rise in the meme coin’s value shortly. This listing is part of Robinhood’s strategic initiative to broaden its cryptocurrency portfolio, aiming to cater to a larger audience and meet the changing needs of its users.
Moreover, Robinhood’s decision to back the WIF token is expected to broaden its platform and the cryptocurrency to new traders and investors, promoting widespread adoption and engagement from crypto enthusiasts worldwide.
Robinhood has confirmed that the WIF token is currently available for purchase, sale, and holding on its crypto platform. Users can now safely participate in cryptocurrency trading at a minimal cost while earning a portion of their trades in Bitcoin.
Robinhood Expands Its Crypto Portfolio with Dogwifhat
At present, the Robinhood platform supports 31 cryptocurrencies, including the WIF token. Consistent with its growth strategy, the financial services company has revealed plans to add more cryptocurrencies to its portfolio in the future.
The Dogwifhat (WIF) meme coin has recently experienced remarkable growth, with a recorded increase of over 317% in the past month, according to CoinMarketCap. The meme coin, which has been the subject of much discussion, was previously trading at a price above $0.2 last month. However, after an exceptional surge of over 230% in the last week, WIF is currently trading at $0.968.
The cryptocurrency reached the $1 price mark at one point but subsequently pulled back to settle just above $0.9. Currently, WIF continues to experience a bullish trend, recording a 14.15% increase in the last 24 hours. With a market capitalization exceeding $934 million, the meme coin has recorded a trading volume of over $226 million.
BitMEX Chief Executive Officer, Arthur Hayes, highlighted WIF’s significant price surge with a screenshot of its price chart, expressing enthusiasm over the unprecedented price surge. The crypto CEO had previously disclosed plans to invest in WIF, predicting a potential bullish path for the cryptocurrency.
