Meme Coin Bulls Dominate March in Crypto Market
Release: 2024/05/22 12:49 Reading: 516
Meme Coin Bulls Dominate March in Crypto Market
In the realm of cryptocurrencies, the meme coin bulls that surged in March have seemingly returned to the forefront. This week's market sentiment, coupled with anticipation surrounding the Ethereum ETF, has reignited interest, leading to notable market entries. At the time of writing, the total cryptocurrency market capitalization had dipped by 0.4% over 24 hours, settling at $2.6 trillion. However, amidst this decline, several meme coins experienced double-digit gains. Within the current market dynamics, some bullish sentiments suggest potential for future all-time highs. The collective market capitalization of meme coins stands at approximately $61 billion. Given the inherent nature of cryptocurrencies and meme coins, investors seeking quick profits have gravitated towards these assets.
New Entries in Meme Coins
Despite the broader market's resurgence, the influx of new entrants into the meme coin space has garnered attention. While the total market capitalization of meme coins remains below $100 billion, recent entries into DOGE, SHIB, and Solana-based meme coins have not gone unnoticed. As expectations have risen, trading volumes and on-chain activity have also witnessed an uptick. Today, certain meme coins have experienced daily trading volume increases exceeding 180%, with many bulls targeting all-time highs for various tokens. For meme coins to reclaim their former peaks, sustained positive market sentiment is crucial, akin to the first quarters of 2024 and 2021. During both these periods, BTC and meme coins achieved their all-time highs.
src="/uploads/20240522/1716354424664d7d787e95f.png">
The Peak of Meme Coins
This week, a general upswing in both established and emerging meme coins has been evident in the market. Over the past 24 hours, PEPE has led the charge with a 25% surge. Following this rally, PEPE currently trades at $0.00001391, inching closer to its newly refreshed ATH. Dogecoin (DOGE), the reigning champion among meme coins, has gained 5% in the last 24 hours and 13% over the past week. DOGE's arch-rival, Shiba Inu, has maintained a sideways trading pattern today but has posted an 8% weekly increase. Another notable meme coin, BONK, has been the most responsive to yesterday's ETH rally. At the time of writing, BONK trades at $0.00003295 after a 2% uptick.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com