Apewifhat claims not to be an ordinary memecoin but also a symbol of progress for futuristic transactions. Apparently, this is a growing memecoin, trying to rival Dogwifhat by creating its own version of Ape wearing a pink-knitted hat. In this article, let’s explore what Apewifhat has to offer and the recent price performances of Dogwifhat and Apewifhat.
Dogwifhat Impressive Market Performances
Due to its recent exploits and milestones, Dogwifhat is one of the most trending and popular memecoins in the crypto market. In the past 30 days, Dogwifhat has posed a serious contender for top memecoins like Dogecoin and Shiba Inu, overtaking Pepe to become the third most valuable memecoin. Besides the market cap of this token increasing to more than $4.3 billion, the price performance is what makes it stand out.
In the last 24 hours, there’s more than an 8% increase, with the price climbing to $4.57. Furthermore, there’s over a 63% increase in the weekly chart, with the highest price at $4.81 and the lowest at $2.81. However, the majority of the gains are visualized in the monthly chart, representing a massive 509% increase in 30 days, growing from $1 to over $4.81.
Overview of the Apewifhat Token
According to information on their website, Apewifhat claims to be a rising memecoin within the Solana ecosystem, claiming to be a replica of Shiba Inu on Ethereum. Furthermore, Apewifhat claims to bring a change to dog-themed memecoins by joining crypto with humor. Apparently, it is a copy of the original Dogwifhat memecoin, with its symbol an ape wearing a pink-knitted hat. They also specified that the memecoin was mainly for jokes and enjoyment, eliminating any utility at the moment.
Apewifhat Market Performances
At press time, Apewifhat’s price is experiencing a dip, decreasing by over 10% in the past 24 hours. Furthermore, there’s also a slight decrease in the weekly chart, standing at a 1% gain, with the majority of the chart bearish. However, most of the Apewifhat’s gains are in the monthly chart, with over a 130% increase in 30 days and an all-time high achieved on March 15th.
According to CoinMarketCap, the market valuation of this crypto project is yet to be verified, making it self-reported. So, the self-reported market capitalization of this token is over $8 million, placing it at 2522 in the overall crypto rankings. However, the trading volume of this token is verified at over $3 million, representing a decline of over 30% in the last 24 hours. With a market performance like this, Apewifhat is not yet at par with Dogwifhat but stands a chance if the community continues to push towards the development of the memecoin.
Conclusion
Apewifhat is a memecoin replicating Dogwifhat by making its symbol that of an ape wearing a pink-knitted hat. It is growing in the market, with a monthly surge of more than 130%, and its self-reported market cap increasing to over $8 million. On their website, they claim the token is for form, has no utility, and mainly relies on their community for progress. While there are comparisons with Dogwifhat, their price and market metrics show that Dogwifhat is miles away from Apewifhat.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
