Dogwifhat achieves status as the third largest meme coin by market capitalization

The Dogwifhat token has climbed to third place in the market capitalization ranking of all meme coins, surpassing Pepe.
As reported by CoinGecko, Dogwifhat (WIF) now holds a market cap of $3.6 billion, placing it just behind meme giants Dogecoin (DOGE) and Shiba Inu (SHIB), with market caps of $31.1 billion and $18 billion respectively.
According to CoinGecko, in the last 24 hours, WIF has emerged as one of the top performers in terms of growth, with its price surging by over 16%, reaching an all-time high (ATH) of $4.01 on March 29.
Data from CoinGecko also indicates that the meme coin sector has seen an average increase of 8%, outperforming other sectors such as decentralized finance, yield farms, and exchange tokens.
The surge in meme tokens began on March 28 amid speculation that DOGE would be integrated into the payment service of a popular social app, although no official confirmation has been provided by the company.
Vitalik Buterin, the Co-Founder of Ethereum, has shown interest in the meme coin market, exploring various possibilities for utilizing this asset class, including funding public projects. He has suggested using meme coins for charitable fundraising and expanding their application in the gaming industry.
Buterin has highlighted that meme coins have become a significant topic of discussion in the community by 2024, drawing comparisons to the 2021 bull market when Dogecoin and Shiba Inu coins reached the pinnacle of their popularity.
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