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DogWifHood (WIF) Rallies 20% in 2 Hours as MEXC Listing Announced, Shiba Inu (SHIB) Gains 2.5%

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DogWifHood is a newly launched memecoin on the TON Network, and its market cap is currently around $8.5 million.

DogWifHood (WIF) jumped 20% in the space of two hours today following an announcement that the memecoin would be listed on MEXC – its first centralized exchange (DEX) listing.

DogWifHood, which is a memecoin on the TON Network, currently trades on a couple of decentralized exchanges (DEX), such as Ston.Fi.

It was announced on Thursday that the token will soon be available to buy on MEXC, opening up a new source of demand for this early stage and potentially ultra-lucrative token.

“MEXC is thrilled to launch another session of Kickstarter, a listing campaign initiated by the project team on MEXC before launch where users can commit MX Token to support their favourite project,” the exchange said in an announcement.

“This event is designed to identify high-quality projects and at the same time, bring airdrop benefits to MEXC users,” they added.

This caused the price of DogWifHood (WIF) to almost immediately surge from around $0.00727 to $0.00850, and the bulls continue to hold the advantage.

MEXC also noted that the DogWifHood ticker on their exchange will be renamed WIFT, due to DogWifHat already using the WIF ticker.

DogWifHood (WIF) and Shiba Inu (SHIB) Price Prediction

Shiba Inu has gained around 2.7% in the last 24 hours according to CoinMarketCap data, currently trading at $0.00002737.

SHIB is down almost 15% over the last 7 days, but the popular memecoin is set for another rally once sentiment in the broader crypto market improves.

The SHIB price is expected to breach the $0.00003 barrier before the end of April.

DogWifHood (WIF), meanwhile, has potential for explosive price growth as it has a market cap of under $10 million and could quite easily surge to $200-$500 million, as more CEX listings are announced.

This would provide investors who enter at the current price with a 25x to 60x return on investment – something that larger memecoins cannot offer due to their market caps already being in the billions of dollars.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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