WIF (dogwifhat) rose 6.74% in the last 24 hours.

Gate News Bot News, July 14, according to CoinMarketCap data, as of the time of writing, WIF (dogwifhat) is currently reported at $1.03, rising 6.74% in the last 24 hours, with a peak of $1.07 and a low of $0.83. The current market capitalization is approximately $1.031 billion, an increase of $65.1 million compared to yesterday.

WIF is a cryptocurrency project themed around "a dog with a hat." Its official introduction is simple and straightforward: "$WIF | literally means a dog with a hat." The project emphasizes its simplicity, repeatedly stating "this is a dog with a hat." The total supply of WIF is 999 million coins, with a circulating supply also of 999 million coins.

WIF recent important news:

1️⃣ Price breaks through key resistance level The WIF price has successfully broken through the $1 integer level and has firmly stood at this key psychological level. This breakthrough indicates an increase in short-term buying power and opens up space for further upward movement. Currently, the next important target that the market is focusing on is the previous high of $1.18.

2️⃣ market capitalization rapid rise The WIF market capitalization surged to $1.053 billion in a short period, with a daily rise of over 15%. Such rapid expansion in market capitalization reflects the increasing enthusiasm of investors for the project, which may attract more investor attention.

3️⃣ On-chain transaction activity has surged On-chain data shows that the trading volume of WIF surged by 105%, reaching $500 million. Such a huge increase in trading volume indicates that a large amount of capital is flowing into this asset, possibly signaling that more institutions or large investors are entering the market.

From a technical perspective, WIF is currently at a critical position in the battle between bulls and bears. The MACD indicator has risen to 0.016, forming strong bullish momentum, and the price is showing a staircase-like rise, which is characteristic of a typical bull market. However, it is worth noting that there has been a net inflow of $2.73 million into the exchange, which may indicate that some early investors are taking profits, potentially creating some selling pressure in the short term.

This message is not intended as investment advice, and investors should be aware of market volatility risks.