Binance Futures Set to Introduce Perpetual Contract for Dogwifhat
Binance, the leading cryptocurrency exchange, has announced its plans to launch futures trading for the Dogwifhat (WIF) meme coin. This exciting development was shared on January 18th, and Binance Futures will introduce a perpetual contract for the Dogwifhat meme coin with leverage of up to 50x. The trading will commence at 14:15 UTC on January 18th.
As a result of this news, the WIF rate experienced a significant increase of 18% at the time of writing. The current cost of the coin stands at $0.4379, with the token’s price reaching a peak of $0.48, representing a 24% surge. Additionally, trading volumes have surged by 84% in the last 24 hours, reaching $148 million. Moreover, the market capitalization has grown by 17.6%, totaling $434.7 million.
The WIF meme coin is a new addition to the Solana ecosystem. This cryptocurrency gained attention from the crypto community due to the overall excitement surrounding the Solana network and its tokens in December 2023. In January, the popularity of Dogwifhat experienced a new wave, leading to a remarkable 71% increase in its price, making it the 9th largest meme coin.
Following rumors of a potential listing on Binance, the announcement sparked a renewed rally for WIF, despite reports of other memcoins on Solana experiencing a collapse after their gains in December 2023.
In other news, a user managed to turn $454 worth of COQ tokens into an impressive $2.19 million within just two weeks. Stay updated with the latest news by following us on Google News.
