Meme Coins Surge BONK WIF BRETT and PEPE Each Gain 15
Meme cryptocurrencies are currently basking in a bullish trend, with Bitcoin (BTC) rebounding by 3% in the last day after a recent slump. Notably, meme tokens such as BONK, WIF, BRETT, and PEPE have all soared beyond 15%, contributing to a widespread rally in this category. Here’s an in-depth look at their performance.
**Bonk**
Solana’s flagship meme token, **Bonk (BONK)**, has witnessed a 12% increase over the past day. As per CoinMarketCap, the prominent canine-inspired token is valued at $0.000022. Despite a slight 1% dip in trading volume, now at approximately $319.5 million, the market sentiment appears to be in favor of holding BONK, in anticipation of further price appreciation.
**BONK’s** market capitalization currently stands at $1.52 billion, ranking it as the 50th largest cryptocurrency. However, it’s worth noting that BONK is still 52% below its peak price of 0.000047 achieved on March 4.
**Dogwifhat**
**Dogwifhat** has leaped by 22%, trading at $1.99. This Solana-based meme coin, currently the 41st largest by market cap, has seen a trading volume of $580 million.
**WIF’s** market valuation is at $1.98 billion, securing its position as the 41st most significant crypto asset. Yet, it remains 60% below its highest value of $4.85, reached on March 31.
**Brett**
The newcomer in the meme coin arena, **BRETT**, has climbed 8%, with a current trading price of $0.12 according to CoinMarketCap. Originating from Matt Furie’s “Boy’s Club” comic, BRETT’s trading volume has decreased by 29% to $42.7 million.
**BRETT’s** market cap has ascended to $1.13 billion, making it the 58th largest cryptocurrency.
**Pepe**
**PEPE**, an Ethereum-based meme coin, has increased by 8.6% in the last 24 hours, with a trading price of $0.0000090. Its trading volume has seen a 32% decline to $908 million, while its market cap has surged by 8% to $3.8 billion.
The collective uptrend among these meme coins mirrors Bitcoin’s rise, which has climbed to $56,713. Bitcoin’s market dominance has slightly decreased to 53.64%, indicating a surge in altcoin activity. Concurrently, the global crypto market cap has grown by 3.2%, reaching $2.08 trillion.
The meme coin market’s buoyancy is often tied to Bitcoin’s trajectory, as its performance significantly influences the broader crypto market. Positive movements in Bitcoin’s value typically boost investor confidence in altcoins, including meme coins, potentially triggering a cycle of increasing investment and rising prices.
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