WIF booked a double-digit rebound to outperform memecoins, Bitcoin and altcoins which remain in sell-off mode.
Dogwifhat (WIF), a Solana-based memecoin project, is up 13% in one day, reaching a high of $1.77 on Aug. 6. This is part of a prevailing rebound after WIF’s price dropped 63% from its $2.89 high two weeks ago.
Data from Cointelegraph Markets Pro and TradingView shows WIF rose from a low of $1.07 on Aug. 7, climbing 66% to an intraday high of $1.77 on Aug. 6.
In comparison, the total memecoin market capitalization is up 5.3%, despite most of the largest cryptocurrencies by market capitalization in this sector posting losses on Aug. 7, according to data from CoinMarketCap.
