Dogwifhat Up 70% In 7 Days Can Its Coinbase Listing Trigger A Shiba Inu-Like 1,800% Rally?
By Benzinga
Dogwifhat’s (CRYPTO: WIF) 70% rally over the past seven days landed the popular meme coin a Coinbase listing, prompting traders to call for a Shiba Inu (CRYPTO: SHIB) like rally.
What Happened: Following its Coinbase listing, one whale invested 12,400 Solana (CRYPTO: SOL) (worth $2.7 million) into WIF and Bonk (CRYPTO: BONK), purchasing 406,000 WIF at $3.87 each with 7,200 SOL.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogwifhat | $4.05 | $4.05 Billion | +11.6% | +70% |
| Shiba Inu | $0.00002504 | $14.8 Billion | -5.5% | +32.5% |
| Bonk | $0.00003774 | $2.8 Billion | -2.1% | +67.9% |
Trader Notes: Crypto trader The Cryptomist anticipates a breakout to $5.
Crypto trader Lucky also called for $5, saying, “The hat’s still on, aiming for $5 and beyond.”
Another trader drew parallels between Dogwifhat’s Coinbase listing to Shiba Inu’s explosive 1,800% rally after its own Coinbase debut. He said that when SHIB was listed, its market cap was around $2.8 billion and surged for 42 days.
Currently, WIF’s market cap is in a similar range at around $3 billion, leading some to speculate that WIF could see a similar rally, potentially reaching $52 by Christmas.
Community News: Coinbase has enabled full trading options for Dogwifhat, allowing users to buy, sell, convert, send, receive or store the coin.
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Image created using artificial intelligence with Midjourney.
