Meme Coins: Here’s Why DOGE, PEPE, FLOKI, BOME Prices Are Rising

Meme Coins Surge Amidst Market Optimism

Following a tumultuous period, the meme coin sector has witnessed a collective resurgence, attracting significant investor attention. Leading meme-based cryptocurrencies, including DOGE, PEPE, FLOKI, and BOME, have experienced notable price increases within the last 24 hours.

Meme Stock Revival Fuels Hope for Meme Coins

An unexpected surge in meme stocks, such as GameStop (GME) and AMC Entertainment Holdings Inc., has sparked optimism in the meme coin market. GME surged from $17 to a high of $64, while AMC rallied from $3 to $11.

This revival has ignited a buzz on Wall Street, coinciding with the reactivation of the "Roaring Kitty" social media account. Although the account has not explicitly referenced meme stocks, its resurgence has instilled hope for meme-based investments. GME and AMC currently trade at $49.84 and $9.24, respectively, representing gains of 63.68% and 78.03%.

Dogecoin (DOGE) Leads the Charge

With a market cap of $22.08 billion, Dogecoin (DOGE) has surged 4.19% in the last 24 hours, reaching $0.1528. This price increase aligns with a broader market uptrend for the dog-themed meme coin, according to Coinglass data.

DOGE's open interest (OI) has increased 7.16% to $843.63 million, while its derivatives volume has skyrocketed 85.56% to $4.12 billion. This surge in trading activity and investor interest is likely contributing to the token's upward momentum.

Pepe Coin (PEPE) Rallies

Another prominent meme coin, PEPE, has led the market rally with an impressive 11.15% price increase in the past 24 hours. Currently valued at $0.00001066, the frog-themed meme token is experiencing significant buying pressure.