Bitcoin’s rapid 7% surge in 24 hours, reclaiming $63,000, ignites excitement after a bearish period. This uptick also sparks a surge in memecoin prices by double digits. Investors are thrilled as cryptocurrencies show resilience and potential for high returns.
Memecoins, influenced by internet jokes and memes, have garnered a sincere online following, fueling their ongoing expansion. After the early April crash in Bitcoin prices, memecoins took a hit.
Dogwifhat (WIF) surged by over 19%, closely followed by Floki (FLOKI) with an almost 17% increase in the last 24 hours. Dogecoin (DOGE), known as the Bitcoin of memecoins, surged by over 14%, closely followed by Pepe, soaring over 13%, and Bonk pumped over 10% in the past 24 hours.
Dogwifhat (WIF):
The memecoin Dogwifhat (WIF), featuring a dog wearing a hat, has experienced a notable surge of almost 20% in the last 24 hours, reaching $3.33. This surge signifies a significant movement in the memecoin market. Dogwifhat’s market capitalization is now at $3.33 billion, with a 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 surged by more than 17% in just one day, bringing its market capitalization to $1.8 billion, with a 24-hour trading volume spiking over 36% to $287.56 million.
Dogecoin (DOGE):
In the last 24 hours, Dogecoin (DOGE), a memecoin initially created as a joke and featuring the Shiba Inu dog breed, has surged by over 13%, now at $0.1506. The market capitalization of DOGE is now $21.71 billion, with a 24-hour trading volume of $1.50 billion.
Pepe:
Pepe, a cartoon frog character memecoin that gained popularity as an internet meme, pumped over almost 14% and is currently priced at $0.000008623. Pepe’s market capitalization stands at $3.64 billion, and its 24-hour trading value stands at $1.27 billion.
Bonk:
Bonk, a humorous cryptocurrency with a simple design that pumped over 10% in the past 24 hours, is currently priced at $0.00002826. The market capitalization of Bonk is $1.84 billion and 24-hour trading volume stands at $464.79 million.
As memecoins surge following Bitcoin’s uptick, experts question their sustainability. While Dogwifhat (WIF) leads with a 19% spike, closely trailed by Floki (FLOKI), Dogecoin (DOGE), Pepe, and Bonk, the trend raises concerns about the speculative nature of meme-driven cryptocurrencies. Will these gains hold?
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