The cryptocurrency market shows a significant recovery with a sharp rise in meme coins, driven mainly by Bitcoin's price increase.
Surge of Meme Coins
Today, the cryptocurrency market is witnessing a solid bullish reversal. The market capitalization of the meme coin sector has surged to $62.52 billion, reflecting an increase of 12% in the past 24 hours. The trading volume for meme coins also soared by 129%, currently sitting at $13.15 billion.
Performance of Popular Tokens
PEPE, the frog-themed token, has emerged as the standout performer with a 28% increase driven by a 240% spike in trading volume, reaching $2.36 billion in the last 24 hours. Both Dogecoin and Shiba Inu recorded an 8% spike, confirming a robust revival in the meme coin sector.
Other Notable Meme Coins
Among other notable spikes were TRUMP, PENGU, and FOLKI, each rising 15%, while FARTCOIN surged nearly 20%. One particularly notable mover is BRETT, which has jumped by 30% in the last 24 hours, following PEPE's rally.
Given the growth in meme coins, the current trends may signal continued investor interest in this sector of cryptocurrencies.
