The memecoin star starts the month with a new ATH - the exchange rate is up 236% and about to cross the $1 USD mark

The price of dogwifcoin (WIF) rose 236% in a week

One of the Solana ecosystem's most popular memecoins featuring an adorable dog in a hat, dogwifcoin (WIF) is climbing on the price chart and getting closer and closer to breaking the $1 mark. The token reached its new ATH today.
Memecoin, which will debut on the cryptocurrency market in late November 2023, is poised to surpass the success of its decrepit sibling BONK, according to many observers. One factor that may have pushed the price of this token up was news of its listing on the popular trading platform Robinhood.

The dog in the hat is back on the rumor

In recent months, WIF has once again been making an incredible rally on its price chart and gaining more and more notoriety in the cryptocurrency community. Its recent results have been impressive enough to interest co-founder and former CEO of BitMEX exchange Arthur Hayes.
The respected trader, known for his opinion columns on the global economy as well as his cryptocurrency forecasts, was so impressed with the price performance of the token with the image of a dog in a hat that he seized the X moment. Hayes made no secret of the fact that WIF's latest moves are admirable.
This memcoin, mined on the Solana blockchain, got off to a very good start late last year, jumping 227,000% within the first month of going public. To this day, many still speculate that it has the potential to be more successful than BONK, which also boasts a strong performance.
As of this writing, dogwifcoin (WIF) is priced at $0.97, which is equivalent to reaching a new ATH. Over the past 7 days, the cryptocurrency has jumped 236% and has acquired a market capitalization of $972,604,750.

WIF price chart

Of course, the rise is due to the bullish trend in the bitcoin market, but here we can also note a report that WIF has received support from a leading trading platform like Robinhood.
According to the report, crypto platform Robinhood will be listing Dogwifhat (WIF). CoinGecko market data shows that WIF is currently trading at $0.87, up 5.3% overnight.