Bitcoin halving is approaching rapidly. Investors are eagerly following this event that occurs every four years, curious about its potential impacts. It seems that the price movements following past halvings have sparked excitement among investors. Amidst this anticipation, exchanges are making strategic moves before the expected rise. Coinbase recently made an announcement.
New Listings from Coinbase
Coinbase is known for its ability to significantly impact the prices of altcoins in the market through its listings and delisting announcements. As seen many times before, listings by Coinbase have triggered price increases.
Recently, Coinbase announced a new development: WIF, which recently surpassed PEPE to become the third-ranked meme coin, will be listed for futures trading.
The announcement was as follows:
We are adding support for Dogwifhat futures at Coinbase Advanced.
Our WIF-PERP transactions will start on April 25, 2024, at 9:30 UTC or later.
When WIF first appeared at the end of 2023, it was nothing more than a dog with a hat. Supported by Arthur Hayes and driven by market momentum, the meme coin then began to rise.
By March 2024, the situation had escalated significantly. Following this period, WIF continuously set new all-time highs and eventually became one of the biggest surprises of 2023 by surpassing PEPE.
Although there was a price pullback, as of today, WIF strongly maintains its position as the third-ranked coin behind DOGE and SHIB.
How Much is WIF Worth Now?
Amidst these events, the price of WIF also moved. After a 7.35% increase, the price of WIF rose again to $2.62. However, a 27% decline over the past week shows that recovery is not yet complete.
On the other hand, the market cap also surpassed $2.6 billion following a 7% rise, while the trading volume continued to decline. After an 8.65% drop, the 24-hour trading volume fell to $503 million.
This situation can be said to be significantly influenced by the great uncertainty created by the Bitcoin halving effect.
