Dogwifhat (WIF) surged by 30% in just 24 hours, hitting a fresh all-time high of $3.20, accompanied by a market capitalization of $3.0 billion. Meanwhile, BONK on the Solana Network saw a 13% increase within the same timeframe, also reaching record highs and boasting a market cap of $2.2 billion.
Some lesser-known meme cryptocurrencies are making waves in the market, with jaw-dropping numbers that catch everyone’s attention. PEPE, WIF, and BONK aren’t just trending topics; they’re breaking records that could even impress Bitcoin.
PEPE Coin Surges: A Closer Look
PEPE Coin has experienced an astonishing 820% surge in value over the past two weeks, catapulting its price to $0.00001003 and elevating its market capitalization to an impressive $4.22 billion. Adding to the frenzy, the daily trading volume for PEPE has doubled, skyrocketing to $2.3 billion.
Pepe Marketcap – Source: Coinmarketcap
Speculation abounds regarding the cause of this surge. Some rumors suggest that a prominent tech mogul may have expressed interest in PEPE, potentially contributing to the coin’s remarkable rise. This underscores the significant influence that influential personalities can wield in the cryptocurrency space.
WIF and BONK Join PEPE in Record-Breaking Rally
Amid the cryptocurrency surge, Dogwifhat (WIF) has surged by 30% over the last 24 hours, reaching a new peak of $3.40, accompanied by a market capitalization that aligns with its newfound value. Notably, WIF’s trading volume has doubled, soaring to $700 million. Impressively, WIF has climbed a remarkable 700% in just two weeks.
WIF Marketcap – Source: Coinmarketcap
Meanwhile, BONK, a competitor native to the Solana network, is also basking in success with a 13% gain and a market capitalization of $2.2 billion. Its recent listing on reputable exchanges has propelled its gains to an astounding 170% over the past two weeks.
Bonk Marketcap – Source_ Coinmarketcap
Investor Sentiment Boosts “Worthless” Cryptocurrencies
The cryptocurrency landscape is undergoing a significant transformation as investors and the market at large reassess the value and potential of seemingly insignificant digital assets.
🤣 #Memecoins had another big day as #Bitcoin's #AllTimeHigh notched above $73.6K. With each $BTC rise in March, it appears profits are quickly being redistributed to speculative assets with low liquidity. Track #memecoin metrics on this useful watchlist: https://t.co/XgaeFiQ8XG pic.twitter.com/9bl4L2TVbm
— Santiment (@santimentfeed) March 13, 2024
Capital flowing from major cryptocurrencies into these perceived riskier options signals a burgeoning appetite for risk and speculation among investors. This shift underscores a growing trend towards exploring alternative investment opportunities and embracing higher-risk assets in pursuit of potential returns.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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