Dogwifhat (WIF) is the Mimi currency that exposes the Sheba Ino dog in a knitted hat. There was a sensation around it in the encryption world because the value of the currency, which has increased by amazing by 227,000 % since December 2023. Do you believe that? Now is $ 0.13 from January 9, starting from only $ 0.004.
DogwFhat is part of the broader trend of Meme currencies, which has gained popularity by raising social media and supporting a strong society. These coins often experience rapid value, as it appears with Dogwifhat, but it can also be very volatile.
It has a circulating and total supply of 998,926,392 symbols, according to Coingecko, the market reduced 135,409,801. The highest price was reached for WIF 0.331 dollars at 22The second abbreviation From December 2023, but has decreased recently.
In addition to being a Mimi currency, Dogwifhat also has a non -explosive code connection (NFTS). The DogwFhat project is proud of a range of 550 Solana NFTS, which has also witnessed its value rapidly.
How does DogwFhat work?
DogwFhat (WIF) is an encrypted currency that works on Solana Blockchain. Solana is a high -performance Blockchain known for its speed and ability to expand, and support thousands of transactions per second. This makes it a common choice for many decentralized applications (DAPS), including metal currencies like Dogwifhat.
Technology behind Dujouche is similar to other cryptocurrencies. Blockchain technology is used to maintain a notebook for all transactions. This professor’s notebook is preserved by a network of computers (contract), each with a copy of the entire Blockchain. Transactions are assembled in blocks, which are added to Blockchain in a transparent, non -changing, and safe way.
Dogwifhat positives and negatives
Let’s take a closer look at the positives and negatives of ownership of Dogwifhat currencies at the present time and the possibility of investment strategies.
Positives
The possibility of high returns
As with many encrypted currencies, Dogwifhat has the ability to obtain high returns. The currency witnessed a great increase in value by 20,000 % within a short period of the week. For example, according to what was reported, the trader got approximately $ 1.5 million of Dogwifhat trading profits.
Decentralization
As an encrypted currency, DogwFhat operates on a central network, which can provide more security and transparency compared to traditional financial systems.
cons
Volatility
Cracks, including DogwFhat, operate, flip them. This can lead to significant fluctuations in prices, which can be a risk for investors. The currency saw a 15.31 % decrease in a period of 7 days.
Supporting a limited portfolio
Not every cryptocurrency portfolios support the currency. For example, Metamask, one of the most popular conservatives on the market, does not support the DogwFhat at this time.
Lack of understanding
Current currencies and Blockchain technology are still relatively new and not all investors may be fully understood. This lack of understanding can be an obstacle to entering some.
The possibility of losses
As with any investment, there is a risk of loss of money you invest in Dogwifhat. This risk can be exacerbated by the fluctuation of the cryptocurrency market. For example, it is noted that Dogwifhat is more volatile than the public encryption market.
Where do you buy DogwFhat?
The code does not contain any purchase or sale fee, which means that the transactions that involve WiFs do not withstand additional fees.
The distinctive symbol can be traded on decentralized and central encryption exchange and can be purchased on Orca, Raydium and Gate.IO. According to Coingecko, in Orca, the most active commercial spouses that include Dogwifhat is WiF/Sol, with a trading volume of $ 5,501,444 in the past 24 hours as of the time of writing.
Binance also provides a guide on how to purchase a Dogwifhat currency, but it is important to note that WIF is not included in Binance for trade and service. For detailed instructions, you can refer to a step -by -step guide, such as the introduction on YouTube:
https://www.youtube.com/watch?
Dogwifhat opposite Bonk
Dogewifhat (WIF) is often compared to Bonk and described it as “the next Bonk encryption” because it shares some similarities. Both witnessed a significant growth in prices at the launch and have a strong society that supports them, which contributes to its popularity and market performance. Both work on Solana Blockchain, associated with high costs of transactions and low transactions.
Regarding community participation, Dujoueouted is famous for its clarification and fun paradoxes on its subject. Society is involved through the creation and participation of funny meanings that includes a dog wearing a hat, adding to an enjoyable and vital currency atmosphere. On the other hand, Bonk is seen as a symbol of flexibility and society, especially during the time when Solana faced the darkest hours. A ready -made community mobilization to support and renew their beloved youth.
There is a long way before DogwFhat. If they want to reach the maximum market and trading volume in Bonk, it is important to note that the previous performance does not indicate future results. Just because Bonk saw a huge pump that does not guarantee the same for the dogs. Its value can be spoiled significantly based on feelings and noise, and often with any little or without benefit. Therefore, potential investors must conduct comprehensive research and consider their financial position before investing in these encrypted currencies.
What you should know about Mimi currencies
Meme currencies are a type of cryptocurrency that is often called the name, individuals, animals, artworks, or anything else that can be imitated. It is usually supported by enthusiastic communities on the Internet and generally aims to be a sense of humor or entertainment. Some of the most famous metal currencies in Meme Dogecoin and Shiba Inu include, but there are many others, such as Bonk, Pepe, Floki, Memecoin, Baby Doge and Doglon Mars.
Traditional cryptocurrencies such as Bitcoin or Ethereum have been created taking into account the specific cases of use, such as working as a central, decentralized currency or platform for smart contracts and decentralized applications. MEME currencies are often created for entertainment or social purposes without a specific condition or purpose that exceeds its participation among societies online.
It is also considered highly dangerous investments and may bear a fundamental or non -existent value. Some in the media and the world describe the investment of metal coins as complex pump and emptying plans.
Before investing in any Mimi currency, it is important to conduct comprehensive research and diligence. Check that liquidity pools in the Meme Coin project are linked to burning titles to ensure that the project is not subject to harmful activities such as rug pull. It is also important to confirm that the third party audits have been completed.
Despite the risks, the Meme currency has risen in popularity, partly due to the approvals of high -level individuals such as Elon Musk. However, organizational uncertainty increases the risks associated with encrypted currencies.
conclusion
It is important to note that although the technology behind Dogwifhat is strong, its value is largely driven by social and market dynamics instead of technological innovation or utility. As with other Meme currencies, their price can be very volatile and is affected by factors such as social media trends and societal morale.
Zornitsa is the editor -in -chief of Coinlabz. It participates in the research on the impact of Blockchain technology and the way the encryption converts people’s perceptions of financial affairs.
