Bitcoin‘s price has surged past $65,000 for the first time in nearly a month, currently trading at $64,700. Alongside this, meme coins have demonstrated a positive trend despite a slight weakening in gains compared to yesterday. Among them, PEPE has emerged as a significant player, continuing its upward trajectory. What is the overall situation in the meme coin market?
PEPE Coin and WIF Performance
PEPE, which had previously hit several all-time highs before losing its gains, has shown a notable resurgence as of June 2024. While other meme coins saw single-digit increases, PEPE maintained its momentum. The coin’s price rose by 1.44% within the last hour, reaching $0.00001245, and displayed a remarkable 15.87% increase over the past 24 hours, leading the market.
In the past week, PEPE’s value increased by over 37%. The coin’s market capitalization once again exceeded $5 billion, with its trading volume climbing above $2.333 billion, highlighting significant growth.
Meanwhile, WIF attracted attention as its price remained above $2, continuing to gain traction. The coin experienced a 5.95% increase within 24 hours, trading at $2.17. WIF’s market capitalization reached $2.165 billion, and its trading volume stood at $773 million.
How Are DOGE and SHIB Performing?
DOGE, the leading meme coin in terms of volume, delighted its investors with continued upward movements. The coin recorded a 2.53% increase today, following a 6.88% rise yesterday, and was trading at $0.1257 at the time of writing. DOGE’s market capitalization surpassed $18 billion, and its trading volume reached $1 billion.
SHIB, DOGE’s main competitor in volume, saw a 4.28% rise in the last 24 hours, bringing its price to $0.00001942. Ongoing token burns have fueled expectations of further price increases, with many anticipating an accelerated growth process driven by Shibarium.
Key Takeaways
– PEPE demonstrated significant growth with a 15.87% 24-hour increase.
– WIF maintained its price above $2, showing stable progress.
– DOGE continued its upward trend, recording a substantial market cap.
– SHIB’s price increase was bolstered by ongoing token burns and Shibarium’s potential impact.
The resurgence of PEPE and steady performance of WIF, DOGE, and SHIB indicate a dynamic and evolving meme coin market with Bitcoin’s rising price adding further optimism.