Bitcoin Recovery Boosts Meme Coins

Meme coins, often viewed as the wild card in the cryptocurrency market, have experienced a notable surge following a modest recovery in Bitcoin. Leading the rally is DOGE, with several meme coins seeing double-digit gains. This article delves into the current state of prominent meme coins.

What Is the Status of DOGE Coin?

DOGE, the reigning leader among meme coins, has maintained a positive trend over the past week. This upward trajectory has also positively influenced other meme coins. DOGE’s value increased by 5.77% in the last 24 hours, reaching $0.1256, and saw a 3.10% rise over the past week, indicating a recovery phase. Its market capitalization has surpassed $18 billion, although its 24-hour trading volume settled at $784 million after nearly hitting $1 billion the previous day. Access COINTURK FINANCE to get the latest financial and business news.

How Is SHIB Coin Performing?

SHIB, a close competitor to DOGE, has also shown significant gains. It reported a 3.83% increase in the last 24 hours, overcoming the previous day’s uncertainty. SHIB is currently priced at $0.00001766, with a market capitalization of $10.4 billion. However, its trading volume decreased from $372.6 million to $320 million.

PEPE Coin’s Strong Recovery

PEPE, which set multiple all-time highs last month, is today’s highest-gaining meme coin. Its price surged by 13.46% in the last 24 hours to $0.0000127, with a 15.28% increase over the past week. PEPE’s market capitalization rose to $5.3 billion, and its trading volume surpassed $1 billion, capturing significant attention from investors eager to push prices back to all-time highs.

WIF Coin’s Upward Movement

WIF, on the Solana network, witnessed a 19% increase yesterday and a 12% rise today, surpassing $2 once again. Despite these gains, WIF’s 7-day price movement shows a minor 1% decline. However, its market capitalization exceeded $2 billion following the two-day rise, even though its trading volume decreased from $700 million to $641 million.

Key Takeaways

– DOGE remains the leader among meme coins with a positive outlook.
– SHIB follows closely, showing noticeable gains despite lower trading volumes.
– PEPE captures attention with significant price surges and high trading volumes.
– WIF on the Solana network shows consistent growth despite minor weekly declines.

The recent Bitcoin recovery has clearly had a positive ripple effect on meme coins, driving significant gains across the board.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.