Institutions have regained trust in the Bitcoin market following the halving event, leading to increases in the values of top cryptocurrencies and memecoins. Prior to the halving, there were net withdrawals from crypto assets as negative market sentiment grew due to economic concerns and miner activity.
Despite the charts indicating most cryptocurrencies and meme coins in a positive green zone, the total cryptocurrency market cap is currently $2.42 trillion, with the memecoin sector at $56.2 billion, marking a 0.2% growth over the past 24 hours. Here’s a list of top memecoins post-Bitcoin halving:
Monku (MONKU)
Monku has emerged as the memecoin with the most significant price increase of 233% since Bitcoin underwent halving. This surge in value has gained traction among users, who are actively discussing and predicting potential investments as they prepare for the upcoming bull market on social media platforms.
Based on information from CoinGecko, the asset had a daily trading volume of approximately $428,000. This relatively small trade activity is often mentioned as a possible sign of growth potential for the asset in the future.
Pajamas Cat (PAJAMAS)
In the past 30 days, Pajamas has experienced a significant surge, gaining over 200.7% and continuing to climb in value. The buzz among investors is that this growth may be fueled by an upcoming halving event, which could further boost the coin’s price.
This week, pajamas experienced a 44% increase, while the previous two weeks brought about a 32.8% growth. Notably, Bitcoin and other cryptocurrencies registered significant outflows during these timeframes, causing noticeable reductions in their gains.
Kabosu Inu
Kabosu Inu is up 65.9% in the last 24 hours extending pre-halving gains. The asset has spiked in the last 30 days trading against the market’s direction as prices plummeted.
Kabosu Inu has soared 47% this week and 150.1% this month. The rise of these memecoins comes following a market turnaround with halving sentiment. Historically, memecoins attract inflows with surging investment in Bitcoin and other crypto assets. As top assets notch gains, it often leads to a frenzy in the meme ecosystem.
Although there were gains in Memecoins today, Brett and dogwifhad experienced decreases of 6.1% and 3.2%, respectively.
Top Crypto Which Performed Worst During Bitcoin Halving
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2024-04-22 18:11