Memecoins
Top 5 Memecoins Rise by Double Digits, WIF Leads the Rally
Bitcoin’s rapid 7% rise in 24 hours, recovering $63,000, ignites excitement after a bearish period. This increase also causes meme coin prices to surge by double digits. Investors are excited as cryptocurrencies show resilience and potential for high returns.
Memecoins, influenced by Internet jokes and memes, have garnered a sincere following online, fueling their continued expansion. After the Bitcoin price collapse in early April, memecoins took a hit.
Dogwifhat (WIF) increased by over 19%, followed closely by Floki (FLOKI) with an increase of almost 17% in the last 24 hours. Dogecoin (DOGE), known as the Bitcoin of memecoins, is up over 14%, followed closely by Pepe, up over 13%, and Bonk has pumped over 10% in the past day.
Dogwifhat (WIF):
The memecoin Dogwifhat (WIF), depicting a dog wearing a hat, has seen a notable increase of almost 20% in the last 24 hours, reaching $3.33. This surge indicates a significant movement in the memecoin market. Dogwifhat’s market capitalization now stands at $3.33 billion, with 24-hour trading volume of $543 million.
Floki (FLOKI):
Floki, a cryptocurrency inspired by Elon Musk’s dog meme culture, is currently priced at $0.000193. It rose more than 17% in a single day, bringing its market capitalization to $1.8 billion, with 24-hour trading volume rising more than 36% to $287.56 million.
Dogecoin (DOGE):
Over the past 24 hours, Dogecoin (DOGE), a memecoin initially created as a joke and depicting the Shiba Inu dog breed, has risen more than 13%, now at $0.1506. DOGE’s market capitalization is now $21.71 billion, with 24-hour trading volume of $1.50 billion.
Pepper:
Pepe, a memecoin featuring the cartoon frog character that gained popularity as an Internet meme, gained nearly 14%, currently priced at $0.000008623. Pepe’s market capitalization is $3.64 billion and its 24-hour trading value is $1.27 billion.
Bonk:
Bonk, a fun cryptocurrency with a simple design that has gained over 10% in the last 24 hours, is currently priced at $0.00002826. Bonk’s market capitalization is $1.84 billion and its 24-hour trading volume is $464.79 million.
As memecoins rise following Bitcoin’s rise, experts question their sustainability. While Dogwifhat (WIF) leads with a peak of 19%, followed closely by Floki (FLOKI), Dogecoin (DOGE), Pepe and Bonk, the trend raises concerns about the speculative nature of meme-driven cryptocurrencies. Will they maintain these gains?
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