Why Dogwifhat Shot 12% Higher Today
In the meme crypto space, Dogwifhat (CRYPTO: WIF) is among the tokens that's garnered the most attention among speculators and investors. This token has rocketed more than 1,500% since its late-2023 launch, which is certainly a decent return for investors in the span of less than a year.
Today, Dogwifhat is up another 12.6% over the past 24 hours, as of 2:30 p.m. ET. Let's dive into what's driving this token higher today, and where it may be headed from here.
Most risk assets traded lower on Monday, as investors once again began to price in the risk of higher-for-much-longer into various asset classes. Bond yields surged on expectations that rate cuts could come in much slower than anticipated, forcing analysts and investors to adjust their models accordingly.
Source Fool.com
