The cryptocurrency market bounces back following several disappointing days, caused by widespread selling off of digital currencies and meme coins leading to significant losses. Negative investor feelings resulting from dropping prices erased previous gains that had been accumulated over months.
This week, the broader cryptocurrency market started off strong, with some coins surging as much as 10% due to renewed optimism and other favorable factors. Memecoins, in particular, have experienced a significant surge, leading some to liken the trend to the memecoin craze that brought about a major rally. The market value of dog-themed tokens and a Solana-based memecoin has rebounded, pushing the total cryptocurrency market capitalization up to $65.7 billion. Below are the top performers in the memecoin sector today.
Conan
In the past 24 hours, Conan experienced a substantial 154% increase, matching the upward trend of the broader cryptocurrency market. Due to their volatility, memecoins like Conan often see greater price swings than larger digital assets. The asset’s growth was significantly fueled by its community’s enthusiasm on social media platforms, attracting further investments even during the recent market slump.
In just the past week, the value of this asset has jumped an impressive 622.9%, and over the last month, it has surged an even more remarkable 789%. These significant gains suggest robust growth during this season. Moreover, with a trading volume of $1.8 million within the past day, there’s optimism among investors that further expansion is on the horizon as additional funds flow into the asset.
Pepa ERC
Today, Pepa ERC is leading among meme coins with a impressive 214% increase and a robust surge in the middle of the day. Over the past few weeks, Pepa ERC has stood out among top meme coins by delivering substantial growth.
The asset has experienced a significant increase of 760% in just the last week and an impressive gain of 655% over the past 30 days. With inflows surging towards Pepa ERC, optimistic market analysts predict another price surge. However, it’s important to note that macroeconomic factors in the crypto market could potentially lead to outflows for meme tokens.
Kabosu Inu
At present, Kabosu Inu has experienced a surge of more than 100%, reaching only 89% at the current press check. This week, there has been a notable increase of 107% for this memecoin, and over the past month, it has risen by 35%. However, compared to the last two tokens, Kabosu Inu exhibits a smaller monthly inflow due to market corrections.
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2024-04-09 22:29