Are Memecoins the Next Big Thing? PEPE, WIF, and BONK Breaking Every New All-Time Highs!

The post Are Memecoins the Next Big Thing? PEPE, WIF, and BONK Breaking Every New All-Time Highs! appeared first on Coinpedia Fintech News

Memecoins with relatively low values are stealing the spotlight in the cryptocurrency world. Overshadowing big-cap meme coins like Dogecoin and Shiba Inu, these small-cap meme coins, such as PEPE Coin (PEPE), dogwifhat (WIF), and BONK, have surged to new heights in recent weeks.

Billion-Dollar Club

Recently, Pepe, BONK, and WIF have all entered the exclusive billion market cap club. Pepe boasts a market cap of $4.47 billion, marking a gain of 16.20%, while Bonk’s market cap currently stands at $2.23 billion, with an impressive gain of 18.32%. 

Additionally, Dogwifhat (WIF) has emerged as a newcomer with a market cap exceeding $3.27 billion, showcasing an impressive gain of 40%.

Small Caps, Big Gains

Amidst this surge, the trading volumes for PEPE Coin have skyrocketed, garnering attention from crypto enthusiasts. With a value gain of 50%, the 24-hour trading volume for PEPE Coin now stands at $2.48 billion. Despite this surge in trading volumes, the current PEPE coin price reflects a 14% increase, reaching $0.00001053

Meanwhile, dogwifhat (WIF) has surged by 38% in the past 24 hours, hitting a new all-time high of $3.3. Perhaps the daily trading volumes for dogwifhat have also doubled to $851 million. 

Over the past two weeks, the price of dogwifhat has soared by an impressive 700%. Notably, plans are underway for a high-profile display of Dogwifhat’s mascot, featuring a “Shiba Inu-themed” design, in the Las Vegas skyline, following a successful fundraising effort exceeding $650,000.

Moreover, Solana-based meme coin BONK has surged by 20% in the past 24 hours and is currently trading at an all-time high of $0.000036. Eventually, BONK’s recent rally follows its listing on top crypto exchanges like BitMEX, with gains over the past two weeks reaching an impressive 170%.

Cash Flow Into MemeCoin

As meme coins continue to make headlines, investors are drawn to their potential for high returns. A leading on-chain data provider, Santiment reports a significant uptick in meme coins as investors seek alternative assets with the potential for exponential growth. 

The surge in meme coin popularity reflects a broader trend of diversification within the crypto space, as investors look beyond traditional cryptocurrencies for investment opportunities.