PEPE, FLOKI, SHIB, DOGE Receive Boost After BTC Broke $35K
Release: 2023/11/02 23:00 Reading: 964
- Bitcoin (BTC) was able to break above and remain above $35K over the past 24 hours.
- The meme coin sector benefited from BTC’s price pump as the sector’s valuation rose more than 3%.
- DOGE, SHIB, FLOKI, and PEPE were all able to record fair gains over the past 24 hours.
The meme coin sector received a capital injection over the past 24 hours as traders cashed in their profits from Bitcoin (BTC) and bought into the smaller-capped meme coins. According to CoinMarketCap, the market leader was changing hands at $35,291.17 after a 2.41% gain. This latest gain also pushed BTC’s weekly performance up to +1.65%.
During the same period, the collective valuation of the meme coin market increased by 3.04%. As a result, the market cap of meme coins reached $16,375,551,902 at the time of publication. The main drivers of this surge were the largest meme coins in terms of market cap, namely Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI), which all experienced 24-hour gains.
Over the past day of trading, the trading volume for meme coins has risen by 5.56%. Consequently, the total volume has reached $1,072,801,612.
The post PEPE, FLOKI, SHIB, DOGE Receive Boost After BTC Broke $35K appeared first on Coin Edition.
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