Meme coins are recording gains in the crypto market following a general rebound as macroeconomic conditions flip positive. The release of the United States Consumer Price Index (CPI) changed the tide after periods of market fluctuations that saw assets lose tokens.
Meme coins in particular are risky assets that see outflows in periods of high interest rates as investors move funds away from risky assets. Declining inflation could signify a potential rate cut by the Federal Reserve which boosts the performance of meme coins. At press time, the meme coin market capitalization is up 1% to $56.5 billion today with certain assets showing signs of a 100X potential. Here are 3 meme coins with 100X potential today.
DogeBoy (DOGB)
DogeBoy is the top meme coin gainer today with 117% inflows amid the rebound of assets. The project has posted a two-week rally hitting 149% recording gains in its market cap. According to data from CoinGecko, the asset's daily trading volume is $191,481. This is quite low but many believe these figures could spark with a wider rally. DOGB's rise comes as investors begin to pump assets into fairly new projects leading to over 100X gains.
Pepe Trump (PTRUMP)
Times Tabloid
DogeHome
CaptainAltcoin
Crypto Intelligence
TheNewsCrypto
Crypto News Land
