Memecoin frenzy disrupts Bitcoin halving cycle as liquidity flows directly into meme coins, bypassing traditional steps in the market. Analysts describe the current bull market as “weird” with a massive rush into meme coins like WIF, BOME, PEPE, and BONK. Amid the slight market crash today, with Bitcoin struggling to hold the $70,000 mark, and now trading at $66,000, some meme coins are not feeling the hit. Today, we delve into the frenzied world of meme coins, focusing on some of the most trending tokens: Book of MEME, DEGEN, cat in a dogs world (MEW), APEWIFHAT, and CATCOIN.

Meme Coins Rallying Today

Various trending meme coins are rallying today as discussed next. 

1. Book of MEME (BOME)

Price: $0.01678

Market Cap: $926,286,450

Book of MEME (BOME) has seen a notable increase of 10.33% in the last 24 hours, with substantial gains of 1742.04% over the past month. With a market cap of $926,286,450 and a trading volume of $1,814,168,896, BOME is establishing itself as a prominent player in the meme coin market.

The BOOK OF MEME is an experimental project merging memes, decentralized storage, and degen shitcoin trading to redefine web3 culture. It aims to preserve meme culture in a digital compendium on the blockchain. BOME memecoin on Solana, Arweave, and IPFS are used for storage, with plans to expand to Bitcoin for eternal storage. This initiative aims to revolutionize decentralized social media.

2. DEGEN

Price: $0.04383

Market Cap: $621,540,871

DEGEN price today is $0.04383 having experienced significant increases of 146.88% in the previous week and 174.08% in the last month. DEGEN remains a focus in the meme coin community, attracting attention with its market cap of $621,540,871 and trading volume of $113,273,560.

Degen (DEGEN) initially served as a token rewarded individuals involved in the Farcaster Degen channel. Originally starting as a meme coin, it now has a large community of developers, crypto content creators, and supporters who have invested in it. During its launch, 15% of the totoal supply was airdropped to active participants in the Farcaster’s Degen channel. There are also plans to airdrop 70% of the total supply through airdrops in the future.

3. cat in a dogs world (MEW)

Price: $0.006453

Market Cap: $573,594,483

MEW experienced a substantial increase of 24.87% within the past day, showing impressive growth of 264.89% in both the week and the month. The token is becoming more popular with investors, as it now has a market capitalization of $573,594,483 and a trading volume of $214,301,855.

MEW is a meme coin on Solana, a cat in a dogs world out to save the world from other dog coins.

4. ApeWifHat (APEWIFHAT)

Price: $0.0…08058

Market Cap: $8,058,132

ApeWifHat price has experienced a notable increase of 16.68% in the last 24 hours, with gains of 38.76% over the past week and 133.89% over the last month. With a market cap of $8,058,132 and a trading volume of $2,904,487, the token is showing promising growth in the meme coin market. It’s becoming increasingly popular among traders, attracting attention for its potential for significant returns.

APEWIFHAT is quickly becoming a prominent figure in the meme coin world within the SOLANA blockchain. Similar to Shiba Inu on Ethereum, the token adds a fun element with its Ape-inspired allure. Individuals are lured into the playful realm of APEWIFHAT, where cryptocurrency merges with comedy.

5. CATCOIN

Price: $0.0…01003

Market Cap: $50,141,194

Catcoin (CATCOIN) has seen a small 24-hour uptick of 5.87%, along with a significant surge of 1320.52% in the last month. The token continues to draw interest within the meme coin community, boasting a market cap of $50,141,194 and a trading volume of $7,316,904.

CATCOIN is a cat-themed cryptocurrency built on the Binance Smart Chain and Ethereum network. It is deflationary, with a decreasing total supply over time, making it more valuable compared to other cryptocurrencies with higher inflation rates. It aims to provide a fun and beneficial investment opportunity for the community, focusing on projects that promote the well-being of cats.

Conclusion

The meme coin market is in a state of excitement, seeing substantial increases for coins such as POKOMON and PANDA SWAP. Nevertheless, it is crucial to handle these investments carefully because of their highly speculative nature. Always do thorough research and consider seeking financial advise before diving into the world of meme coins.

The post Memecoin Craze : What Meme Coins Are Rallying Today? appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am