Memecoins continue to dominate the crypto market with their gains, being the best performers not only in the past 24 hours, but last week as well.
As the crypto market started to recover after the recent decline, following Iran’s attack on Israel, some memecoins managed to register significant gains.
During the past 24 hours, as Bitcoin showed bullish momentum, almost reaching the $64,000 price level, the two biggest gainers were Mog Coin (MOG) and dogwifhat (WIF). MOG surged by over 16% and currently has a market cap of around $656 million, while WIF jumped by almost 15% and has a market valuation of around $2.6 billion.
In the past 7 days another memecoin caught crypto investor’s attention – the Solana-based Popcat (CAT). The altcoin surged by over 44% to $1.40, reaching a $1.37B market cap.
Interestingly, the latest CoinMarketCap Q3 report confirms that memecoins have been the most popular category in the crypto space – a trend. that started gaining steam in September. Additionally, Solana topped Ethereum.
Memecoins are gaining steam, as investors are expecting the so called “altcoin season” to begin, propelling prices ot new highs.
Despite Bitcoin’s attempt to break past the $64,000 level, its price declined to around $63,000 at the time of writing.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]