Meme currencies are beginning to surge again. Floki ($FLOKI) and Dogwifhat ($WIF) are two of the top meme coin gainers right now.
Dogwifhat ($WIF) gains momentum with Listing on Binance
The announcement by Binance that it will offer $WIF trading on its platform helped to fuel the rise of this meme coin. More traders will have access to this cryptocurrency thanks to the Dogwifhat listing on Binance resulting in a potential pump.
In just the last 30 days, this meme coin’s value has increased dramatically from $0.17 to $2.09. In that time, its market value increased from $255 million to a record $1.70 billion.
WIF has printed consecutive green candles and could be well on its way to establishing a new ATH.
Floki ($FLOKI) and TokenFi rise on bullish sentiment due to huge investment
Floki ($FLOKI) has also been in the news. As an illustration, CertiK Skynet disclosed that Floki has reached a brand-new benchmark: a $526 million ecosystem TVL. This demonstrates traders’ level of interest in this meme coin.
This Floki news might cause this cryptocurrency to rise. In fact, during the previous month, the value of Floki cryptocurrency surged from $0.000017 to $0.000271. $FLOKI experienced a remarkable surge as leading digital asset market maker DWF Labs, a multi-stage Web3 investment firm, provided a commitment to supporting the Floki Ecosystem by buying $10,000,000 worth of $FLOKI tokens.
The two-year deal, which will come from the Floki Treasury, will assist put Floki in a strong position for marketing and utility leadership. A similar investment was also committed for TokenFi, a sister project of Folki Inu.
The cryptocurrency market is currently experiencing a bullish phase with the rise in acceptance of Bitcoin ETFs. However, market experts have warned that institutional money remains limited to top coins and meme coins may not receive a lot of support.
Meme coins do not have clear-cut use cases and tend to thrice mainly on community support.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
