Pepe Meme Coin Market Cap Adds 26% in 24 hours

Synopsis: Pepe meme coin has shown mammoth rise of 26% in the past 24 hrs. despite market bearish run in the last quarter, with bonk (BONK) and Dogwifhat (WIF) rallying double digits growth.

Also read: Solana Meme Coins Making Waves with WIF & MEW

Despite the downturn bearish run of crypto markets, PEPE meme coin has surprised everyone with its stellar upturn gains of 26% to its value. The third largest meme cryptocurrency in the world is back above $3.3 billion, while its trading volume exceeded $1.45 billion in equivalent of its market share.

Following close behind were other meme tokens, Bonk (BONK) which added over 22%, while Shiba Inu (SHIB) and Dogwifhat (WIF) added 10.4% and 16%, respectively. Dogecoin (DOGE), the largest meme cryptocurrency in the world added an impressive gain of 10% overnight.

BTC pumping to $63K reason for Pepe Meme Coin 26% Surge?

BTC pumped to almost $65,000, but the bears took control of the market immediately and pushed it south to $62,000. Meanwhile, PEPE, WIF, BONK were also on the Rise. The recent surge in PEPE meme coin’s price, highlights the broader trends of meme coin gains.

Bitcoin’s $63k rise is part of it’s bullish and bearish runs in a year. BTC has always effected the altcoins in crypto exchange figures, and it comes as no surprise to trade analysts.

Bitcoin (BTC) pumping has always been good news to crypto markets as it promises an upward rally in the long run.

Pepe Meme Coin Surge Rallies Solana Meme Coins?

The bullish growth of Pepe meme coin brought a fresh air of hope for investors in crypto circles. The icing on the cake was due to BTC surge, and several other factors Solana ecosystem based meme tokens also rallied behind the uptrend adding an impressive 22% gains for bonk (BONK), 10.4% for Shiba Inu (SHIB) 10.4%, and 16% for Dogwifhat (WIF) tokens.

These gains bring a much needed respite for investors in the weeks to come.

However, the value of cryptocurrencies is largely based on speculation rather than concrete fundamentals. Future prices are unpredictable and highly susceptible to market sentiment. One should do their own research before investing.

Abhishek Singh

Disclaimer

The content presented here may express the author’s personal opinions and is subject to change based on market conditions. It is crucial to conduct your own market research before investing in any cryptocurrency. Neither the author nor this publication assumes any responsibility for any financial losses you may incur.