1. Dogwifhat surges 46% in September
2. Pepe (PEPE) Memecoin and Trading Volume Increase
3. Shiba Inu (SHIB) Leads Memecoin Rally

Bitcoin's recent rise has sparked a surge in memecoins, which have shown impressive performance. According to IntoTheBlock, many memecoins have achieved significant gains over the past 30 days, with some even exhibiting double-digit increases.

Dogwifhat surges 46% in September

One memecoin garnering attention is Dogwifhat (WIF), which surged 46% in September. The price of WIF reached $2.20, and the token's market cap climbed above $2 billion for the first time in seven weeks. However, the number of WIF holders only increased by 1.29% during the same period, suggesting that this rise was more driven by futures markets than new investors. Dogwifhat passed a crucial resistance level on September 24 when its price exceeded $1.96, and is currently exhibiting bullish momentum with a target of $2.85. Analysts predict that the euphoria surrounding WIF could push its price past the $3 mark soon.

Pepe (PEPE) Memecoin and Trading Volume Increase

Memecoin PEPE has also attracted attention, surging more than 31% over the past week and reaching its highest value since August 3. PEPE's trading volume skyrocketed to over $1.3 billion on September 27, up 35% in the last 24 hours and 316% over the past week. This surge made PEPE the most traded memecoin, surpassing Dogecoin by more than $700 million in volume. PEPE's market cap successfully returned to the $4 million mark, solidifying its position as the third-largest memecoin globally. After several weeks of stagnant price movement, PEPE appears to be regaining its momentum.

Shiba Inu (SHIB) Leads Memecoin Rally

Shiba Inu (SHIB) has also joined the rally, emerging as a leader. SHIB rose by up to 40% over the past week. This strong rally has positioned SHIB at the top of the market and led the pack of soaring memecoins. The rise coincided with altcoin market optimism after the Fed signaled a change in policy, boosting market confidence in a bigger altseason. According to AMBCrypto, even though SHIB's price movement slowed slightly after hitting the 200-day Moving Average (MA), the Relative Strength Index (RSI) shows an overbought position. This reflects high speculative interest in SHIB, which could be a strong driver for further memecoin rallies.

Data indicates that the total market cap for memecoins has increased to $53.7 billion, rising 34.5% in the past week. Meanwhile, over $8.5 billion in memecoin trading volume was recorded in the last 24 hours, reflecting increased liquidity and speculative enthusiasm in this segment. According to IntoTheBlock, most of the gains in the memecoin sector were driven by investors willing to take greater risks after Bitcoin's rise. Currently, the total market value of memecoins has reached its highest level with a year-to-date return of 1160%, outperforming other crypto assets such as Bitcoin and altcoins.