Dogwifhat Up 70% In 7 Days Can Its Coinbase Listing Trigger A Shiba Inu-Like 1,800% Rally?

Dogwifhat's WIF/USD 70% rally over the past seven days landed the popular meme coin a Coinbase listing, prompting traders to call for a Shiba Inu SHIB/USD like rally.

What Happened: Following its Coinbase listing, one whale invested 12,400 Solana SOL/USD (worth $2.7 million) into WIF and Bonk BONK/USD, purchasing 406,000 WIF at $3.87 each with 7,200 SOL.

Trader Notes: Crypto trader The Cryptomist anticipates a breakout to $5.

Crypto trader Lucky also called for $5, saying, "The hat's still on, aiming for $5 and beyond."

Another trader drew parallels between Dogwifhat's Coinbase listing to Shiba Inu's explosive 1,800% rally after its own Coinbase debut. He said that when SHIB was listed, its market cap was around $2.8 billion and surged for 42 days.

Currently, WIF's market cap is in a similar range at around $3 billion, leading some to speculate that WIF could see a similar rally, potentially reaching $52 by Christmas.

Community News:  Coinbase has enabled full trading options for Dogwifhat, allowing users to buy, sell, convert, send, receive or store the coin.

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• Dogwifhat Chases After Dogecoin, Shiba Inu With 12% Rally: ‘The Hat Stays On Till $25,’ Claims Bullish Trader

Image created using artificial intelligence with Midjourney.