Crypto Gets Crazy Again With Dog-Inspired Tokens and Bitcoin Eyeing $45,000
- Bitcoin last traded as high as $45,000 in April 2021
- Dogwifhat is latest memecoin to see surging demand from retail
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While optimism that US exchange-traded funds will soon be allowed to hold Bitcoin has dominated the headlines from crypto much of this year, the biggest gains have come as of late from memecoins and new-fangled nonfungible tokens.
So—called altcoins such as Dogwifhat - yes, a dog pictured wearing a hat — are the hottest thing since, well the last time similar speculative tokens surged during the last bull market more than two years ago. Many of these tokens are jumping more than 1,000% in a matter of days while still trading at a fraction of a cent.