Benzinga - The 2024 year has been an exciting one for cryptocurrency investors and traders with the price of Bitcoin hitting all-time highs and meme coins once again having their spotlight.
One of the biggest trending meme coins has been Dogwifhat (CRYPTO: WIF), which hit new highs on Wednesday. The meme coin could be getting an even bigger spotlight soon.
What Happened: Similar to other Dog-themed meme coins, Dogwifhat is based on a meme of a dog. This time, the dog in question is a Shiba Inu dog wearing a woven beanie.
Built on the Solana (CRYPTO: SOL) blockchain, Dogwifhat has been a top trending cryptocurrency and one of several Dog-themed coins to cross the $2 billion market capitalization in its lifetime.
A campaign by the Dogwifhat community recently raised more than $650,000 to put the Dogwifhat image on the Las Vegas Sphere.
Opened in 2023 and owned by Sphere Entertainment Co (NYSE:SPHR), the Las Vegas Sphere features one of the largest digital screens for advertising.
Images and advertisements on the sphere have gone viral and attracted top companies to shell out a daily rate of $450,000 and up, or $650,000 for multiple days.
Dogwifhat passed the fundraising goal in three days and sits at nearly $691,000 at time of writing. With the funds raised, the team is expected to put the meme and potentially some link to the meme coin on the Las Vegas Sphere.
"Bink! Dogwifhat on sphere fully funded," community member Ansem tweeted.
bink! dogwifhat on sphere fully funded ✅ https://t.co/jOmTj5hZnk pic.twitter.com/WTUEgOqVlG— Ansem