Dubbed Wife of Dogecoin, Wifedoge Token Makes Interesting Debut
The market value of Dogecoin’s “wife” and clone, Wifedoge (WIFEDOGE), has substantially risen in the past few days, making a surprise entry into top performing coins. According to data from CoinMarketCap, the price of the currency increased 3,000% in a single day, only to dip slightly days after.
What is Wifedoge?
Wifedoge, also called ‘wifecoin’, appears to be a spoof of the popular memecoin, Dogecoin, which itself is a parody of Bitcoin (BTC). To guarantee the Wifecoin tokens' value is equal to that of Dogecoin, its developers assure the value of each Wifecoin token is identical to that of one Dogecoin (DOGE). While Dogecoin notably recorded an increase of more than 4600% in a year, Wifedoge managed more than 3000% spike in 24 hours.
Wifedoge prides itself as the “wife” of Dogecoin, and hopes to make similar strides as its model coin has made. It is also not reluctant to associate itself with Tesla founder, Elon Musk.
“Wifedoge is a good wife who can help doge make money,” its site reads. “She starts to make money for you automatically when you hold wifedoge. At the same time, there is a punishment mechanism for those who abandon her. She will give you rewards for staying true to her.”
The developers of Wifecoin have also revealed that they have set aside 5% of the Wifedoge units for Elon Musk. “We will give them to you at the right time, otherwise 5% of the tokens will be blocked forever,” says a tweet from Wifecoin’s account.
Wifedoge was able to achieve a market valuation of $2.32 million in the early hours of Tuesday, August 31st, equating to an excellent return of about 3,290 per cent. However, the price of WIFEDOGE would dip significantly days after, only to surge again in the early hours of Monday, September 6th. The hopeful memecoin recorded an ATH of $0.000000000154 in the first hours of Monday, according to Coinmarketcap, before losing most of its gains a day after. Wifedoge currently trades more than 38% below its ATH at $0.00000000009.
DOGE has been supported by Tesla CEO Elon Musk and Shark Tank investor Mark Cuban in the past as well as the present, both of whom consider DOGE to be an attractive investment. Wifedoge is likewise courting Elon Musk’s influence in a bid to enjoy the celebrity pull that was mostly behind the rise of Dogecoin.
As of press time, Elon Musk is yet to publicly endorse the eager wifely coin, nor its possible groundbreaking marriage.
You can buy or trade any of your preferred tokens for Dogecoin (DOGE) on ChangeNOW without registration.
Welcome to the NOW experience! The ChangeNOW team presents you the new community-inspired crypto wallet – NOW Wallet.