Post-halving market shake-up: DUKO thrives as major cryptocurrencies falter
Release: 2024/04/20 21:39 Reading: 552
Hours after the highly anticipated Bitcoin halving event, the crypto market's overall value has diminished by at least 1.32%. However, several meme coins, including Duko (DUKO), PepeFork (PORK), and Byte (BYTE), have experienced notable gains.
Duko
According to crypto data aggregator CoinMarketCap, DUKO has surged over 76% in the last 24 hours, trading at $0.002852 at the time of writing.
This uptick was accompanied by a trading volume of $6,285,822, ranking it as the #448 most traded token in the crypto market.
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[Image: DUKO 24 hr price chart | Source: CoinMarketCap]
The price surge continues a trend observed over the last several weeks. Over seven days, DUKO's value has increased by more than 122%, according to data from CoinGecko. The meme coin has also been in the green over the past 14 days, registering a 32.5% growth. However, its current price remains approximately 34% lower than it was 30 days ago, despite the impressive upticks in between.
PepeFork
PepeFork (PORK) ranks #591 in terms of market capitalization. It has gained more than 11% in the last 24 hours and is currently trading at $0.00000001998.
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[Image: PORK 24 hr price chart | Source: CoinMarketCap]
However, over seven days, PORK's current price reflects an 11.6% decline, while over two weeks, it represents a nearly 38% loss in value. The trend is similar to PORK's 30-day price chart, which, according to CoinGecko, is still down by more than 56%.
Byte
Another meme coin that has bucked the general crypto market trend is Byte, a token inspired by Tesla owner Elon Musk's announcement that he would name his next pet dog "Byte."
According to data from CoinMarketCap, the meme coin has risen 12.3% over the previous 24 hours of trading.
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[Image: BYTE 24 hr price chart | Source: CoinMarketCap]
This price increase contrasts with a trend that sees it in the red over different time frames. Compared to seven days ago, the value of BYTE is still 0.9% lower. Over 14 and 30 days, the picture is more somber, with the meme coin 12.1% and 41.7% below the price it respectively attained in those periods.
While these lower-capped meme coins have performed well in a post-halving market, better-known tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and Pepe (PEPE), have all experienced declines.
The biggest loser among them was WIF, whose current price of $2.75 represents a 6.7% drop from 24 hours ago.
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