The cryptocurrency whose value increased by 48% in a few hours after Elon Musk’s post was named

Editor’s note: not financial advice!

Over the past day, the Dogwifhat (WIF) memtoken based on the Solana blockchain has increased by 48%. This happened after Elon Musk posted a picture of dogs in hats on his X-account dedicated to St. Patrick’s Day.

Elon Musk is a fan of memtokens, especially the DOGE cryptocurrency. In 2021, he unwittingly initiated the launch of the Floki coin after he posted a photo of his puppy Shiba Inu, named after one of the main characters of the Vikings series, Floki. On the same day, June 1, 2021, another meme coin inspired by Elon Musk’s tweet, BabyDoge, was launched.

WIF, launched in November last year, is a fully decentralized and community-driven project. It is the largest Solana-based memecoin in terms of capitalization, ranking fourth in the overall ranking of similar assets with a market cap of over $ 3.1 billion.

In early March, a well-known crypto analyst and trader Bluntz shared his bullish sentiments about the WIF altcoin, whose price soared by 900% in four weeks. According to Bluntz, the dogwifhat (WIF) memecoin is ready for a significant surge in value.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!