We are currently witnessing the best day crypto traders have faced in weeks.
Bitcoin and most top altcoins are bullish. Over the past few hours, we've noticed that meme coins are doing exceptionally well.
Meme Coin price is increasing
WIF is currently the best performing meme coin among the top 8 coins by market capitalization globally.
dogwifat price has increased by more than 22% and is currently at around $2.1, while its market capitalization is also above $2.1 billion.
The Solana meme coin still has some work to do to reach its new ATH, which was set on March 31; $WIF down 57% since then.
However, today's pumps look encouraging.
PEPE price also surged today, with the largest frog meme coin up nearly 20%.
Price is approaching the important resistance level of $0.0000113 which we highlighted in one of our previous $PEPE stories today.
MOG is also doing well with a 65% gain this week and 18% today. In fact, it is the top 8 best performing meme coins over the past few weeks.
Two meme coin giants, $DOGE and SHIB, also increased in price, but by single digits (7% each).
Market sentiment changes
After a few weeks of silence, meme coin traders have “woke up” and we can already see the results.
Interestingly, lower-cap meme coins, those with market caps below $10 million, are not doing as well. This suggests that as meme traders start investing heavily again, they tend to put their money into more established memes.
Little did we know that this rally was just the beginning of a much larger parabolic pump, not just for meme coins but in the broader crypto market.
Article Meme Coin Price Explodes – dogwifat (WIF)
This is not investment advice, this is helpful advice
