The cryptocurrency named as Wifedoge was released in July, which is billed as the “wife” of Dogecoin but is essentially a clone. According to data from CoinMarketCap, the token startled everyone this week with a market capitalization increase of more than 3,000 percent in just one day, in addition to being a curiosity in the ‘crypto’ industry and receiving the ‘like’ of Elon Musk.
Wifedoge’s market capitalization surpassed $2.32 million on Tuesday, August 31, up 3,294.29 percent from the $68,350 it started with on Monday morning.
However, the ‘wife’ of the Dogecoin was unable to maintain the streak, and its capitalization fell to $301,406 on Thursday, September 2.
So, What is the Wifedoge?
Wifecoin represents the ‘inception’ of cryptocurrencies, as it was created as a spoof of a digital currency (Dogecoin), which was inspired by a joke mocking Bitcoin.
Each Wifecoin token will have the same worth as one Dogecoin, according to their creators. If this claim turns out to be truer than it can be great news as DOGE has risen its value by 4,600% in a year and is regarded as the “strongest” cryptocurrency by both Elon Musk and Mark Cuban
In addition, Wifecoin announced that Elon Musk would receive 5% of the Wifedoge units.
“We will give them to you at the right time, otherwise 5% of the tokens will be forever blocked,”
– tweet from the WifeDoge account
Indeed, the creators of the new cryptocurrency, which is also referred to as “meme of the meme” are so confident in their support from Elon Musk that they praised him for it on Twitter.
Some stats of WifeDoge
| Wifedoge Price | $0.000000000016 |
| Fully Diluted Market Cap | $11,442,893.36 |
| Market Rank | #3307 |
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