Meme coin rally: PEPE, FLOKI, WIF and BRETT are all up 20%

Meme Coins Resurgence Fueled by Bitcoin Recovery

Driven by Bitcoin's recent uptrend, meme coins have surged to the forefront of the crypto market. PEPE, FLOKI, WIF, and BRETT have witnessed significant gains, with each experiencing daily increases exceeding 20%.

PEPE

PEPE, an Ethereum-based meme coin, has rallied 24% in the past 24 hours, trading at $0.00001187. Its market cap has escalated by 23% to $5 billion, ranking it among the top 22 cryptocurrencies. Its daily trading volume has also doubled, surpassing $1.65 billion.

FLOKI

FLOKI, a dog-themed meme coin on Solana, has surged 21% in the past day. It now trades at $0.0001872 and boasts a market cap close to $1.79 billion. Its daily trading volume has reached approximately $453 million.

Dogwifhat (WIF)

WIF has jumped 22%, currently trading at $2.16. The 44th-largest cryptocurrency by market cap, it has a daily trading volume of $632 million. Despite this surge, WIF remains 55% below its all-time high of $4.85.

BRETT

BRETT, a meme coin introduced four months ago, has continued its ascent, gaining 21%. It trades at $0.147 and has a daily trading volume of $56.6 million, almost doubling the previous day's volume. Its market cap has risen to $1.39 billion, making it the 61st-largest cryptocurrency.

Other Meme Coins

Other notable meme coins have also experienced gains. Bonk (BONK) and Shiba Inu (SHIB) have risen 10% and 6%, respectively, in the past 24 hours. Dogecoin (DOGE) has seen modest gains of 4% during the same period.

Market Dynamics

The surge in meme coins coincides with the rise in Bitcoin, which has climbed 3% over the past day to $64,900. This positive sentiment has fueled increased activity in the altcoin market, which includes meme coins. The meme coin sector has seen a significant jump, with its market cap reaching $53.1 billion.

Bitcoin's performance often drives the meme coin market, as it influences investor confidence and interest in alternative coins. Rising prices in Bitcoin tend to attract more investors to meme coins, creating a positive feedback loop that further drives prices higher.