The cryptocurrency sector has shown significant improvement in the past 24 hours, with many leading assets marking substantial gains.
Successes in the Cryptocurrency Market
Following a tough start to the week, the global market capitalization of cryptocurrency has surged to $3.6 trillion. Leading assets like BTC and XRP noted substantial gains.
Growth of Popular Meme Tokens
Meme coins such as Dogecoin and Shiba Inu have shown growth of 5% and 4% respectively. Leading among the tokens are WIF, PNUT, and TOSHI, with double-digit gains, and TOSHI drawing particular interest following its addition to Coinbase’s roadmap section.
Trump-Themed Coins
Tokens related to Donald Trump, such as MAGA and MAGA HAT, have also gained, driven by the anticipation of the new President's inauguration. MAGA rose by 9%, with MAGA HAT increasing by 17%.
The current successes of meme coins are partly related to global events and expected launches, but whether this trend will remain long-term remains to be seen.
