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Since last week, the meme coins has showcased an active correction trend that led to a sharp price reversal in Bitcoin. The BTC value dropped below $65,000, which has accelerated the supply pressure in the majority of the major coins.
Dogwifhat (WIF) stands out as one of the most prominent meme coins within and beyond the Solana ecosystem. Currently priced at $2.53, WIF has surged by 32% over the past week, solidifying its position atop Solana's memecoin charts.
Unless something changes, AMBCrypto's analysis shows that an opportunity lies in the downturn.
Solana's memecoins have recorded massive gains following recent events in the cryptocurrency market. As bullish pressure mounts across Bitcoin (BTC) and altcoins, memecoins have also posted increased inflows since Q4 2023.
The memecoin craze on the Solana (CRYPTO: SOL) blockchain appears to be hitting a rough patch, with popular memecoins losing substantial gains over the past 24 hours. What Happened: Meme coin BOME saw its price plummet by nearly 50% in the past 24 hours, pushing its market capitalization below $500 million.
Just a week or two ago, meme coins were in the most profit, leaving the rest of the altcoins behind. The term “meme season” was adopted by the community to celebrate the massive price jumps for meme coins.
As the overall market volatility starts from last Tuesday's dip, the meme coin sector is on a similar rocky road. Amidst such choppy market behaviors, Solana-based meme coins are struggling to come back from the recent hiccup.
Investors in the cryptocurrency market are closely monitoring developments surrounding three prominent tokens: Shiba Inu (SHIB), Bonk (BONK), and the emerging Bitcoin Dogs. Recent price movements have drawn attention, with SHIB and BONK experiencing drops while anticipation builds for the listing of 0DOG tokens from the Bitcoin Dogs project.
There is a new meme coin sensation in the ecosystem dubbed BOOK OF MEME (BOME). Over the past 24 hours, the meme coin has recorded a jump of 300%, placing its price at $0.01751.
These three meme tokens are skyrocketing today-here's why.
These meme coins and tokens are still flying, unshaken by the latest inflation data.
Some lesser-known meme cryptocurrencies are making waves in the market, with jaw-dropping numbers that catch everyone's attention. PEPE, WIF, and BONK aren't just trending topics; they're breaking records that could even impress Bitcoin.
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.
With the Solana blockchain creating a huge buzz in the market, the Solana-based meme coin, BONK, is capitalizing on this opportunity. As the BONK price skyrockets overnight, the uptrend in action prepares a breakout rally ready to scale a new all-time high peak.
The meme coin party has been going pretty strong in recent weeks! While the large-cap meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) take a breather after the massive surge, the small-cap meme coins refuse to stop anytime soon.
Bonk (CRYPTO: BONK) has traded 11% higher in the past 24 hours, bringing its monthly gains to 150% and market capitalization to $2.03 billion. Its trading volumes have managed to match those of Dogwifhat.
Investors need to be careful with these highly speculative meme coins, each of which could devour their capital.
The world's largest crypto exchange Binance on Tuesday said it is extending a promotion for several cryptocurrencies, especially meme coins on Binance Margin. Binance to offer a one-hour interest fee waiver for major trending crypto including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), BONK, dogwifhat (WIF), and FLOKI.
Although the bullish advances in the cryptocurrency sector are still happening, Bonk (BONK) has somewhat slowed down its gains after reaching a new all-time high (ATH) in early March, and machine learning and artificial intelligence (AI) algorithms predict that modest increases will continue.
Solana-based meme coins BONK and WIF rose 18% and 71% over the week, respectively.
While the BONK was facing a dip, the new listing announcement for the token has brought it back in the hike. Meme coin BONK faced a price fall after climbing to its ATH value on 4th March.
The announcement, which came with a reward program, is no more in favor of BONK's price action.
Amidst the ever-changing landscape of the cryptocurrency market, all eyes are currently on Bonk (BONK) as it experiences a notable surge, with its price jumping by an impressive 10% in the last 24 hours.
Memecoins are making the most of bitcoin's current strength. When bitcoin and the crypto market are having success, memecoins ride the crest of the wave.
