DOGE, PEPE, BONK, WIF See Price Explosions Amid Crypto Market Euphoria ⋆ ZyCrypto
The post DOGE, PEPE, BONK, WIF See Price Explosions Amid Crypto Market Euphoria ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Meme coins are back in a big way. Dogecoin (DOGE) and Pepe Coin (PEPE) have surged nearly 100% in the past week, fueled by renewed interest in the broader crypto market. With Bitcoin (BTC) hitting a new all-time high of $93,434, the meme coin craze is only gaining momentum. The most notable catalyst in this rally? Elon Musk’s latest political move and a surprise shift in Coinbase’s listing policies. 😹🐶 Meme coins have undoubtedly netted the best returns over the past week for traders with DOGE (+96%), PEPE (+97%), WIF (+67%), & BONK (+67%) leading the way. Historically high speculative asset social dominance typically indicates greed and emotional trading. Be cautious… pic.twitter.com/eya6ip8IMb — Santiment (@santimentfeed) November 13, 2024 Dogecoin: Musk’s DOGE Appointment Fuels Surge Dogecoin’s rally is primarily driven by Elon Musk’s appointment to head the new Department of Government Efficiency (DOGE) alongside Vivek Ramaswamy. The announcement on Nov. 13 triggered an immediate response in the market. DOGE surged 24.6% on Tuesday to $0.44; by Wednesday, it had climbed another 10%. This brought DOGE to its highest level since June 2021, marking a sharp rebound for the once-floundering meme coin. Advertisement   Musk’s influence over DOGE is undeniable. On X (formerly Twitter), Musk responded to his new appointment with an image of the iconic Shiba Inu dog and a caption saying, “We’re going in full throttle.” This engagement with the crypto community sparked fresh excitement, with many speculating that Musk’s political role could further elevate Dogecoin’s profile. Coinbase Listing: PEPE and Dogwifhat Soar Coinbase’s announcement that it would list Pepe Coin (PEPE) and Dogwifhat (WIF) on its platform added fuel to the meme coin fire. Coinbase’s listings lead, Paul Grewal, confirmed that PEPE would be added to the exchange, stating, “You’ve long wanted the frog. Well, soon…
Filed under: News - @ November 14, 2024 8:24 pm