Why Is This Dogecoin Clone Surging On Monday Morning?
Dogwifhat (CRYPTO: WIF) spearheaded the broader cryptocurrency rally early Monday morning, fueled by optimism about the U.S.-China trade deal.
What happened: The Solana (CRYPTO: SOL)-based meme coin soared 46% to become the second-most successful cryptocurrency in the last 24 hours. The coin’s trading volume surged nearly 50% to $1.14 billion.
The rally pushed WIF’s weekly gains to 124% and monthly gains past 192%.
The upsurge dwarfed the gains made by top meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which rose 4.20 and 4.67%, respectively.
See Also: Bill Gates Left Behind By Satoshi Nakamoto: Bitcoin Creator’s Wealth Now Eclipses That Of Microsoft Co-Founder Amid Crypto’s Sharp Rebound
Ansem, a veteran cryptocurrency trader and early investor in WIF, described the memecoin’s chart as “very clean.” He …
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