Gate News Bot Message, January 04th, according to CoinMarketCap data, as of press time, WIF (dogwifhat) is currently priced at $0.35, up 9.95% in the past 24 hours, reaching a high of $0.36 and a low of $0.26. The 24-hour trading volume is $221 million. The current market capitalization is approximately $354 million, an increase of $32.1 million compared to yesterday.
WIF is a highly creative cryptocurrency project with a very simple and direct brand concept — “Just a dog wearing a hat.” The total supply is 9,988,400 tokens, with the same amount in circulation. Currently, WIF ranks 122nd in the global cryptocurrency market cap.
Important recent news about WIF:
1️⃣ Repeated testing of key resistance levels
WIF previously reached a historical high of $0.497 in November, followed by profit-taking adjustments. The current price at $0.35 still has room to decline from the previous high, indicating significant market pressure in this price range. This pattern of repeatedly testing key resistance levels usually suggests that the price needs to accumulate enough momentum to break through the historical high.
2️⃣ Market participation remains active
The 24-hour trading volume of $221 million relative to the total market cap of $354 million shows that investors maintain a high level of trading activity. Sufficient trading volume provides liquidity support for price increases and indicates that market attention on WIF remains relatively high.
3️⃣ Constant supply supports long-term mechanism
WIF has a total supply and circulating supply of 9,988,400 tokens, with all tokens fully circulated, meaning there is no subsequent unlocking pressure. This transparent supply mechanism helps maintain long-term confidence in the project.
This message is not investment advice. Please be aware of market volatility risks.
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