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
Japanese Yen weakens ahead of Fed Warsh's speech
Growth stalls, stock price plunges over 20%, Netflix (NFLX.US) brings in a "Hollywood veteran" to seek the next blockbuster
As user and revenue growth slow down, streaming giant Netflix has announced a leadership change. Veteran film and television executive Peter Rice will take over as Chief Creative Officer, with hopes to revive growth momentum.
British Pound softens below 1.3300 on hot US PPI, eyes on speeches from Bailey, Warsh
Wall Street Stands Guard as Bessent Strikes Again: Aftereffects of August's "Treasury Turnaround" Persist, November Refinancing Notice Could Be the Next Flashpoint
As the US Treasury prepares to update its debt management plan in November, key clues may emerge on Friday.
Crypto prices
More
