Dogwifhat outperforms memecoin market after Robinhood Europe listing
Dogwifhat has outperformed its memecoin peers after a stealth listing on Robinhood Europe.The Solana-based dog-themed token is up nearly 30% over the past 24 hours.
For comparison, memecoin Pepe is up 17.7%, Bonk is up 5.4% and Dogecoin is down nearly 3% over the same timeframe.
The overall memecoin market capitalization is up 8.3%, per CoinGecko, while the overall global cryptocurrency market cap is relatively flat, up 0.1%.
The latest price movements come after a stellar week for memecoins, in general. Dogwifhat has increased by 237% over the past week, while Pepe and Bonk have surged by 174.7% and 98.8%, respectively. Leading memecoin Dogecoin has "lagged" with an increase of 47.7%.
WIF/USD price chart. Image: The Block/TradingView .
To put memecoins' outperformance into perspective, crypto-market leaders bitcoin and ether have increased by 22.8% and 17.5% over the past seven days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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