Meme coins were once highly sought after during the early days of the pandemic, but they have since fallen out of the spotlight. However, with the recent rise in Bitcoin and the approval of ETFs, the cryptocurrency market has seen a resurgence of interest in meme coins.
Over the past week, there has been a significant increase in buying activity for popular meme coins such as PepeCoin, Dogecoin, FLOKI, Shiba Inu, and BONK, resulting in substantial price gains.
PepeCoin (PEPE) has seen a staggering 406% increase in value over the past week, with a current price of $0.000007136. This surge has been supported by record-breaking trading volumes of $3 billion, according to CoinmarketCap.
Based on the current market trends and Bitcoin’s continued growth, it is likely that PepeCoin will see even more significant gains in the near future.
DogeCoin (DOGE) has also experienced a notable 91% increase in value over the past week, placing it in the seventh position in the market. Its current trading volume is $24 billion, and it has seen an additional 18% increase in the last 24 hours, with a price of $0.1636.
Floki, a meme currency inspired by the character from the TV show Vikings, has seen a massive surge of 313% over the past seven days. Its current price is $0.0001552, and it is experiencing significant volatility.
Shiba Inu (SHIB) has seen a gain of 182% in the last week, making it the fifth biggest gainer in the market. With a current price of $0.00002722 and a trading volume of $16 billion, this Ethereum-based cryptocurrency shows no signs of slowing down.
BONK, the original meme coin on the Solana blockchain, has gained 218% in the past seven days, making it the fourth biggest gainer in the market. Its current price is $0.00003956, with a trading volume of $2 billion in the last 24 hours.
Given the notoriety and popularity of meme coins in the cryptocurrency market, their recent performance is not surprising.
In conclusion, meme coins have once again taken the market by storm, and with their presence in the market and overall recognition, their current performance is expected.
