WIF (dogwifhat) fell 8.98% in the last 24 hours.

Gate News Bot news, on July 2nd, according to CoinMarketCap data, as of the time of writing, WIF (dogwifhat) is currently priced at $0.79, falling by 8.98% in the last 24 hours, with a high of $0.90 and a low of $0.75. The current market capitalization is approximately $785 million, a decrease of about $77.48 million compared to yesterday.

WIF is a cryptocurrency project themed around "a dog with a hat." Its official website describes it as "Literally just a dog with a hat." The project offers exclusive merchandise, including hats and other apparel. WIF has also launched a personal avatar generator and over 999 stickers, emphasizing its simple and fun brand image.

Important news about WIF recently:

1️⃣ DeFi Dev Corp launches WIF verification node Solana financial company DeFi Development Corporation (DFDV) is launching Dogwifhat validator nodes on the Solana blockchain. DFDV plans to collaborate with the Dogwifhat community to share staking income, MEV, and other validator rewards after deducting operational costs. This initiative will bring new capital inflows and technical support to the WIF ecosystem, with the potential to enhance the long-term development prospects of the project.

2️⃣ WIF Staking Reward Sharing Program Parker White, Chief Investment Officer and Chief Operating Officer of DeFi Dev Corp, stated that the company will support the Dogwifhat community by operating a Solana validator in the short term, with plans to expand the partnership into the distant future. Although the specific profit-sharing ratio has not been disclosed, both parties will receive a portion of the profits after costs, which may attract more investors to participate in the WIF ecosystem, enhancing the project's appeal and value.

3️⃣ The overall market for Meme coins on the Solana chain is warming up In the past week, Meme coins on the Solana chain generally showed an upward trend, with WIF once rising by 21.5%, leading other major Meme coins. This indicates that market confidence in Meme coins within the Solana ecosystem is recovering, which may support the price of WIF.

From a technical perspective, the WIF price has recently formed a morning star pattern, indicating a potential trend reversal after a fall. If it can break through the resistance of the 50-day and 100-day moving averages around the $0.85 area, WIF is expected to continue its rebound momentum, advancing towards the $1.00 integer level. However, if it fails to break through this key resistance level, it may drop back to the support level of $0.63.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.