How Did SHIB, BONK, PEPE and Other Meme Coins React to Bitcoin ETF Approval?
Release: 2024/01/11 20:34 Reading: 659
The long-awaited approval of Bitcoin ETF products by the SEC has rippled through crypto markets and re-energized sentiment around niche segments like meme cryptocurrencies.
As the broader digital asset market cap bounced nearly 4% on the news, meme coins saw an even stronger 6.8% pop to reach a $21.9 billion valuation. While still a relatively small subset of crypto, the breed of joke tokens named after pets and internet humor generates an outsized following.
Key Gainers
Some major meme coin movers included:
- Dogecoin: +6.1% to $0.084
- Shiba Inu: +7.8% to $0.00001
- Bonk: +5.7% to $0.000016
- Floki Inu: +8% to $0.000032
- Pepe: An eye-popping +16.4% surge to $0.0000015
The Pepe breakout aligns with trader Ali’s technical analysis. He highlighted the token breaching a key descending channel to suggest further upside toward $0.0000019 on continued momentum.
Of course, chasing meme coin rallies remains highly speculative. But the loose correlation to Bitcoin’s resurgence here hints at the overall risk appetite for lifting boats generally. And these niche tokens tend to benefit from optimism spreading in the crypto sector; their smaller market caps allow for more exaggerated swings off market milestones.
The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!
Show more +For those believing the Bitcoin ETF green light signals a renewed embrace of digital assets, meme coins offer a way to capture the high volatility typically accompanying these shifts. The recent meme coin gainers above have historically surged multiples higher during periods of exuberance hitting the crypto world.
Check NuggetRush ($NUGX)
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
The post How Did SHIB, BONK, PEPE and Other Meme Coins React to Bitcoin ETF Approval? appeared first on CaptainAltcoin.
Recent news
More>- 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
- Dogecoin (DOGE) Bulls Predict a Second Wave to Break $2, But One 'DOGE Killer' Could Steal the Spotlight with a 34x Run 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