Meme Coins to Watch Closely During These Intense Market Swings

Meme Coins Surge Amidst Volatile Market Sentiment

Despite a generally fearful market sentiment, the cryptocurrency market saw a brief uptick, with the total global crypto market cap gaining 0.26% to over $2 trillion. However, this progress was offset by a sharp decline in trading volume.

Bitcoin and Ethereum Remain Subdued

Bitcoin (BTC) continues to trade between $50,000 and $60,000, while Ethereum (ETH) struggles to break the $3,000 threshold. This downward pressure has impacted the prices of other cryptocurrencies, including meme coins.

Top Performers in the Meme Coin Market

Among the most notable meme coins, Dogecoin (DOGE) has gained over 2.65% in the past 24 hours, currently trading at $0.1047. Over the past week, DOGE has risen by more than 8.40%, although its monthly performance shows a slight dip of 1.90%.

BOOK OF MEME (BOME) experienced a modest decline of 0.80% in the last 24 hours, trading at $0.006191. However, over the past week, BOME has seen a surge of 4.28%.

Pepe (PEPE) also exhibited a brief recovery, gaining 1.25% in the past 24 hours. Over the past week, PEPE has increased by 1.43%, indicating some resilience amidst the market volatility.