As a seasoned crypto investor with a keen interest in meme coins, I’m thrilled to see their dominance in the market in 2024. The meme coin sector has become a lucrative space, generating massive profits and attracting an enormous following. With a staggering market capitalization of $46.1 Billion and handling a trading volume of $6 Billion, these digital assets are making waves.
In the year 2024, Meme Coins hold the throne as they’ve amassed significant profits since their inception, making them a preferred choice for investors. The current meme-driven cryptocurrencies market has expanded to a value of $46.1 Billion and processes trading volume amounting to 6 Billion.
In the current market, meme coins like PEPE and WIF have gained significant traction, providing the most impressive year-to-date percentage increases and surpassing Bitcoin‘s performance. Other meme cryptocurrencies continue to thrive even during bearish market periods. Let’s explore some meme coins showing bullish signs in today’s market conditions.
Cat In The Dog World (MEW)
Today, MEW, a widely-used meme coin, experiences heightened interest and demand in the crypto market, resulting in a significant increase in trading volume by approximately 192%. This surge has driven up the volume to an impressive $238,820,416. The enhanced network activity is also reflected in MEW’s price, which currently stands at $0.004598 after a strong 9% upward trend. Despite the overall downward market trend, several cat-themed meme coins, including MEW, exhibit bullish behavior today.
PEPE Unchained (PEPU)
PEPU exhibits a bullish attitude during its presale phase, with investors showing strong interest due to its potential to surpass PEPE. Unlike many other cryptocurrencies entering the market as part of a trend, PEPU aims to revolutionize meme coins by introducing the world’s initial layer2 network specifically for this niche, dethroning Ethereum. Currently priced at $0.008, PEPU boasts faster transaction speeds and higher volumes, enhanced security features, lucrative staking rewards, and numerous other advantages.
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Shina Inu (SHI)
After experiencing a slump for several days, the SHI price is bouncing back with a 6% rise over the past 24 hours. Known for its association with meme coins and Non-Fungible Tokens (NFTs), SHI reached an all-time high of $0.0001129 at the beginning of this year, which now stands as a stark contrast, being only 0.65% of its peak value. With the price trend shifting away from its downturn, the significant surge in trading volume by 91%, amounting to $407,465, may enhance the likelihood of further growth.
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2024-06-18 15:25