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Meme coins collectively surged, and the prices of WIF and PEPE surged 20%! Market enthusiasm is rising again!
Popular meme cryptocurrencies like Dogecoin (DOGE), WIF, and PEPE are rapidly rising after the market rebound!
The overall increase in meme tokens reached 10%, including Dogecoin (DOGE), Shiba Inu Coin (SHIB), FLOKI and BRETT, which all achieved a 10% increase within 24 hours.
Specifically, WIF and PEPE have achieved a jump of up to 20%!
Meme tokens led the cryptocurrency market’s rebound on Tuesday, with tokens including Dogecoin (DOGE), PEPE, dogwifhat (WIF), FLOKI and BRETT performing rapidly.
The market had previously expected investors to turn to mainstream cryptocurrencies, but surprisingly, meme currencies bucked the trend and rose, a phenomenon that exceeded analysts' expectations.
In the past 24 hours, meme tokens have gained nearly 10% overall, showing signs that buyers are returning to the market.
In addition, inflows of the USDC stablecoin have also increased significantly, some of which may be used to purchase meme tokens.
The largest meme currency, Dogecoin (DOGE) is up 7% this week. Shiba Inu Coin (SHIB) has also performed well, approaching the price of 0.000019. This price level is very critical for it and if it holds, the price is unlikely to fall significantly.
In contrast, although WIF's rise has been relatively slow, this sharp rise has given holders a sigh of relief.
Although BRETT had already risen significantly last month, it has achieved a 27% increase this time, showing investors' confidence in it.
Generally speaking, meme tokens usually rise rapidly when the market is optimistic and experience larger declines when the market is weak.
Recently, Solana launched new features, which are widely believed to be a boost to meme currencies.
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