• Binance, a crypto exchange, announced that it would list the dogwifhat coin.
  • After a weekend frenzy that saw many meme coins more than double their price, other memes have seen a loss of ground.
  • Bitcoin dominance increased from 51.8% up to 52.3% after it surged past $68,500 on Tuesday.

Binance, a crypto exchange, announced that it would add dogwifhat to its listing. This will bring the token’s value back up for the day in spite of a drop on the meme-coin markets.

WIF will become available for trading on Binance on Tuesday at 14:00 UTC, according to a post.

The decision was made after a weekend in which tokens such as WIF, PEPE and FLOKI posted triple-digit gains.

WIF was trading at $1.52 prior to the announcement. The price jumped quickly by more than 25 percent. Recently, it was trading at $1.80. This represents a gain of 5.61% over the last 24 hours. FLOKI fell by 5.1%, while WEN, MAGA and BITCOIN all dropped by more than 10 percent. BTC Price Index and Live Chart – CoinDesk”>(BTC) surge to $68,500 on Monday.

Altcoins or meme coins often drop when bitcoin rises. Altcoin rallies usually occur when bitcoin trades in a certain range after a high, as investors take their profits and move on to other speculative wagers.

CoinMarketCap data reveals that Bitcoin dominance increased from 51.8% on Tuesday to 52.3%.

Sheldon Reback is the editor.