Memecoins
The best Memecoins outperforming the market
Memecoins are rising due to the increase in institutional investment in the cryptocurrency market. Last week saw a renewed correlation between stocks and cryptocurrencies as investors established new strategies after the Federal Open Markets Committee (FOMC) meeting which left interest rates unchanged.
Memecoins are the biggest beneficiaries of the market recovery over the last seven days with huge gains recorded across various categories. This symbolic price increase was expected as assets gain value on bullish rallies and not after a series of other developments.
As the recovery continues this week, here the best memecoins posting 100X earnings.
Shih Tzu (SHIH)
Memecoin is up 244% in the last 24 hours as users rally around the asset. Surpassing cryptocurrency gains, SHIH has ignited bullish sentiment in the cryptocurrency spaces. Also this week the asset rose over 240% thanks to the memecoin rally.
According to data from CoinGecko, SHIH It has a market capitalization of $2.1 million and a daily trading volume of more than 2 million. Despite the long-term gains, the asset recorded short-term losses today. In the past hour, SHIH is trading 4.2% lower.
Book of Billionaires (BOBE)
BOBE ranks second among the highest earning memecoins today. BOBE marks a 142% increase in the last 24 hours as Solana memecoin bulls drove further inflows into the asset. At the time of writing, the asset’s daily volumes stand at $1.6 million.
Memecoin is a fairly new token on the market and is trading at $0.07479. Although memecoins are far from the best, recent gains have attracted several users to the token.
Catfish (CATFISH)
Catfish is up 101% in the last 24 hours Solana’s Memecoin continue to attract inflows. The asset recorded a 71% gain in seven days, increasing monthly flows to 112.6%. The trading volume of the meme coin is over $515,000.
As of this writing, the broader memecoin market cap stands at $59.3 billion, up 3% today.
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