From Investing.com: 2024-03-29 11:39:50

In a day of muted cryptocurrency market activity, Solana-based meme coin Dogwifhat reached a new all-time high. The broader market showed little movement ahead of holiday weekends, with Dogwifhat price hitting $3.90 from $3.21, ranking 38th among cryptocurrencies with a market cap of $3.8 billion, surpassing Pepe in market capitalization.

The surge in Dogwifhat coincided with gains in other meme coins, demonstrating broader interest in this category. Dogwifhat, founded on the concept of “literally just a dog with a hat,” exemplifies the speculative nature of meme coins, with value driven by market sentiment rather than traditional fundamentals. Investors are exploring opportunities beyond mainstream assets such as Bitcoin and Ethereum.

Read more at Investing.com: Dogwifhat meme coin hits all-time high, outperforming market peers By Investing.com