Meme Coin Skyrockets: Market Cap Hits $59.6 Billion Amidst Bitcoin Surge
Release: 2024/03/14 17:18 Reading: 574
- Meme coins see an 8.5% increase in value, with DOGE and SHIB dominating trade amidst a booming market.
- Bitcoin's new high triggers a flow into meme coins as SHIB surpasses DOGE in weekly trading volume.
- The market cap for meme coins reaches $59.6 billion, reflecting a dynamic, rapidly changing investment landscape.
The meme coin sector has experienced another significant surge as Bitcoin soared past its previous all-time high, reaching $73.6K. This March, a noticeable trend has emerged: the profits from Bitcoin's upswing quickly flow into speculative, less liquid assets.
Over the last seven days, the collective value of the top 100 coins has climbed by 8.5%. Leading this upward trend are Dogecoin, Shiba Inu, PEPE, and WIF, each notching notable gains that have drawn investor and enthusiast attention.
Santiment, a platform with on-chain and social metrics for cryptocurrencies, shared an X post providing the latest insights on the meme coin market, highlighting the resilience and significant growth of meme coins amid Bitcoin's rally.
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