Memecoins are capturing attention in the cryptocurrency market, with PEPE, PNUT, and PONKE leading the charge. This phenomenon has not only increased the market cap but also heightened interest in such currencies.
The Rise of Memecoins: PEPE, PNUT, and PONKE
PEPE, PONKE, and Peanut the Squirrel (PNUT) have become leaders in the memecoin market, reaching a market cap of $126.54 billion. A total of $31.96 billion was traded in the last 24 hours alone.
Price Dynamics of PEPE
PEPE has dropped 3.64% over the past 24 hours, trading at $0.00002028. However, it has risen 51.94% in the last seven days and gained 96.95% over the past month. Since November 2023, PEPE has increased 1687.70%.
Prospects for PNUT and PONKE
PNUT has fallen 4.4% in the past 24 hours, trading at $1.63. Nonetheless, it has surged 229.37% over the past week and achieved a massive 2972.25% gain over the last 30 days.
Memecoins like PEPE, PNUT, and PONKE are showing impressive results in the cryptocurrency market, drawing increasing investor attention. This may signal significant shifts in the crypto space.
