Memecoins are running uphill starting the week on a strong foot following a bullish momentum in the wider cryptocurrency market. Memecoins are up 8.4% this week with several high-flying coins in the category. 

PEPE has picked up the pace in the last 24 hours trading above 10% over the total market cap growth. The memecoin which continues to thrill enthusiasts, is tipped for more price growth by its community. 

PEPE Sparks Memecoin Drive 

The asset has posted a 24-hour trading volume of $1.1 billion, a 21% spike as market activity surges around digital tokens. PEPE is currently at the top of the crypto trends chart by on-chain analytics sites with bullish projections showing a wider run. 

PEPE still consolidates a 28.93% surge this past week despite the market slump due to macroeconomic factors. Last week the overall crypto market was stunted from its highs with reduced institutional investors sentiment. The plunge was heightened by outflows from cryptocurrency institutional investment products. Furthermore, miners and whales moved Bitcoin to reposition for the upcoming halving and to secure profits as they build capacity toward the event. 

This week has seen renewed investor interest as top assets and memecoin have continued to soar. PEPE has moved up 476% in the last month with its community relishing the strong stance of the asset in recent times. 

Memecoins Hop On The Flow 

Other memecoins have seen positive numbers in the last two days with Solana memecoins soaring in the market. El gato and Catfish lead 24-hour gains, hitting 131%, while Crunchcat comes next with a 99% surge. Market leaders Dogecoin and Shiba Inu are up 2.1% and 6% respectively while Dogwifhat and Floki spiked 6.4% and 7% in the last 24 hours. 

Solana memecoins remain a soaring category after last week’s cool-off. Solana’s memecoin ecosystem is up 15% in the last 24 hours to $7.1 billion. Aside from Dogwifhat, BONK, and BOOK OF MEME rank next with 7.2% and 0.5% increase respectively in the same window.

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The post PEPE Buzz Tips Memecoin Above 10%: Will it Sustain? appeared first on CoinGape.

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