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DOGE, PEPE, BRETT, and Newcomers Fuel Memecoin Comeback After Slump

Release: 2024/06/26 01:03 Reading: 412

Original author:Coin Edition

Original source:https://coinmarketcap.com/community/articles/667af073760c390af498e474

DOGE, PEPE, BRETT, and Newcomers Fuel Memecoin Comeback After Slump

Meme Coins Experience Resurgence After Market Downtrend

Fueled by a market surge, meme coins have seen a collective 7.54% increase.

Top Performers

  • Dogecoin (DOGE): Up 4.7%
  • Pepe (PEPE): Up 10.7%
  • Brett (BRETT): Up 18.3%

Emerging Meme Coins

New meme coins, MOG Coin and Cats in a Dogs World, gained 24.5% and 7.6%, respectively.

Recent Market Dynamics

On Monday, the meme coin market experienced a 7% dip, mirroring the broader cryptocurrency market correction. However, this was followed by the current upswing.

Notably:

  • Low-cap meme coins, such as RYU, ANDY, and M, experienced more significant price declines during the market dip.

Conclusion

Despite a recent downturn, meme coins have regained momentum, showcasing their resilience within the cryptocurrency landscape.

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