Following the market recovery between May 3 and 4, memecoins once again stole the spotlight. As expected, dogwifhat [WIF] led the pack with a 20.58% increase over 24 hours. Dogecoin (DOGE) also saw a rise of 13.80%, while Pepe (PEPE) experienced a 12.93% increase.
Read MoreDogwifhat [WIF], a memecoin based in Solana, has had a double-digit price drop in the previous 24 hours alone.
Read MoreDogwifhat, a memecoin centered in Solana, may take some time to reach $5. No other memecoin in the top 50 has surpassed the token during the last three months.
Read MoreThe DogWifHat price has recovered to $2.56, and WIF has gained 1% today. Over the last day, the cryptocurrency market has been stable overall.
Read MoreThe price of Dogwifhat (WIF), which reached a $4 billion market cap last month, is now drastically declining.
Read MoreAlthough Shiba Inu (SHIB) is the second-largest meme coin available, dogwifhat (WIF) poses a serious threat to it in one area. Does this suggest that SHIB will continue to decline on the daily chart, or is a recovery more likely?
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