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Analysis of Recent Trend in Memecoins

Jun 4, 2024

Meme coins have been gaining significant attention and popularity recently with their impressive performance and gains. Newly introduced meme coins like BENDOG, Brett, Ponke, DOG•GO•TO•THE•MOON, GameStop, and BEERCOIN have exhibited notable growth and potential in the market.

DOG•GO•TO•THE•MOON (DOG)

The most talked-about meme coin currently is DOG•GO•TO•THE•MOON, operating on the Runes Protocol on Bitcoin and accessible on Bitcoin L1, Bitcoin L2s, and CEXs. DOG is a community-led meme coin decentralized on the Bitcoin blockchain.

It was launched on April 24th, 2024, through a volunteer-organized airdrop to the Bitcoin Ordinals community, with no team allocation or presale. The primary objective of DOG is to drive more people towards Bitcoin.

As of the latest data, DOG is priced at $0.008786, marking a 20.13% intraday gain and a market cap of $879.52 million. The coin reached its all-time high of $0.00962 on June 4, 2024, and its lowest point at $0.001829 on May 15, 2024, showing a remarkable 390% increase within 20 days.

Brett (BRETT)

Brett has delivered impressive returns to its investors recently, with a 184% return in the last 30 days and a 70% gain in the last 7 days. Currently valued at $0.1203, Brett has seen a 24% intraday gain.

Ponke (PONKE)

Ponke is trading at $0.4242, showing an 11% increase. With a 175% gain over the past month, Ponke has attracted strong investor interest. The Ponke community actively shares entertaining memes and videos on various social media platforms.

GameStop (GME)

GameStop witnessed a significant price surge following comments by Keith Gill, known as “Roaring Kitty.” The coin surged by 235% and is currently trading 3137% above its all-time low. This surge is credited to Gill’s social media presence.

Ben the Dog (BENDOG)

Inspired by the story of the Solana project's launch, Ben the Dog is a successful Solana-based coin trading at $0.02655 with a 34.43% 24-hour gain. It has seen a remarkable 176.43% increase in the last 7 days.

BEERCOIN (BEER)

BEERCOIN has garnered attention as a meme coin due to its recent performance. Trading at $0.0002105, it showed a 6.93% gain in the last 24 hours. Over the past week, BEERCOIN has demonstrated bullish momentum with a 115.96% return.

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