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The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down.
As the meme coin sector gains momentum, the low-cap and trending coins are on a smooth uphill journey. With a remarkable increase in trading volumes and massive gains in the last 24 hours, these coins spearhead the market-wide recovery. Moreover, meme coins are rising against the bearish backdrop of Bitcoin, which dropped 1.70% today.
Dogecoin (DOGE) , The Top 1 meme coin crypto is consolidating its potential despite having the biggest meme sector marketcap of 21 billion.
“Roaring Kitty is living proof that retail can mog (outperform) institutions at the highest level,” one meme coin developer said.
Floki Inu (FOKI), a renowned dog-themed meme coin within the crypto space, has gained significant traction today, May 14, as its price rallied nearly 10%. Leading the meme coin sector alongside prominent meme crypto such as Pepe coin, Floki has promptly emerged on crypto investors' radar as another bullish event for the meme coin appears
The market capitalization of the meme coin realm has pumped by approximately 7% in the past 24 hours.
After being trapped in a correction mode for the past ten weeks, a fast-growing dog-themed meme coin, Floki Inu (FLOKI), has signaled a fresh bull wave on the horizon. The mid-cap meme coin, with a fully diluted valuation of about $1.
The crypto markets have become highly volatile since the start of the month as market participants display less patience with the prevailing price action. Despite a rise in volatility, the volume remains below average, which has been a main cause of concern in recent times.
With the broader market gaining momentum as BItcoin pumps to $62,000+ levels, the meme coins are making a comeback. Surviving and undermining the weekend crash, the FLOKI price trend is on a smooth uphill journey. The meme coin is making a bullish candle and projecting a successful post-retest jump, teasing a huge rally.
Floki Inu (FLOKI) has experienced an 8% price surge after being listed in Bitpanda's Meme Coin Leaders Index. The recent addition points to investors' rising interest and market validation of FLOKI as a leading player in the meme coin space.
Meme cryptocurrencies are surging on increased trading volume, while digital assets are recovering from a choppy weekend. Pepe (PEPE), one of the most popular meme coins on Ethereum (ETH) and Arbitrum (ARB), almost reached double-digit gains.
The index initially contains PEPE, FLOKI, WIF, BONK, DOGE, and SHIB.
The ongoing downturn in the cryptocurrency market has underscored the strength of the more established memecoins over the several new ones birthed during the memecoin frenzy earlier this year. What Happened: According to popular cryptocurrency analyst Emperor Osmo, coins like Pepe (CRYPTO: PEPE), Floki (CRYPTO: FLOKI), and Dogecoin (CRYPTO: DOGE) notched up gains of 17%, 11%, and 8.5% respectively over the past two weeks.
Overall, the on-chain metrics of SHIB and FLOKI were similar, but one memecoin is the obvious victor.
BONK and FLOKI see slight price upticks, but the price decline might begin again soon.
VanEck MEMECOIN index tracks six top meme coins, including Shiba Inu, Dogecoin, Dogwifhat, Bonk, Pepe, and Floki.
The VanEck's MarketVector Meme Coin Index tracks top six meme coins of the respective sector, with an 89% weightage of the entire meme coin sector.
MarketVector has launched a Meme Coin Index that might make a massive difference for future rallies on the meme coin market. This index comprises popular meme coins like Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki Inu and BONK.
VanEck, a New York-based asset management giant, has launched a new financial index. Dubbed the MarketVector Meme Coin Index (MEMECOIN), this index tracks the largest meme coins.
The official X account of the Floki (FLOKI) meme cryptocurrency has published a tweet, in which it urged holders and supporters to be careful and avoid using any unverified sources of information about FLOKI.
The index focuses on a diversified selection of memecoins, reflecting the growing importance of these assets in the crypto world.
Floki Inu, a top-five meme coin gaining prominence in the crypto space, has recently jumped high on the price radar despite the crypto downturn. This surge, amounting to over 2%, has attracted significant attention from investors and analysts alike, particularly when the market is under bearish pressure.
The increasing price of the leading meme coin, FLOKI, has caught the attention of investors today, with a remarkable surge of over 2%. Besides, this surge is particularly noteworthy as it occurs amid a broader downturn in the crypto market, sparking discussions among investors about the driving forces behind FLOKI's sudden rally.
Floki (CRYPTO: FLOKI) was trading in the green at the time of writing, going against the broader meme market trend which saw powerhouses like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) shed value in the last 24 hours. A new sports partnership might be fueling the surge.
