Trading at $90,000, Bitcoin has paved the way for significant increases in the altcoin market.
Bitcoin, which accelerated after the US inflation data announced on November 13, gained great momentum by exceeding $ 93,000. However, the leading cryptocurrency, which soon experienced selling pressure, retreated to $ 90,000. Despite this decline, the altcoin market did not suffer a major blow. The decline in Bitcoin dominance increased the investment flow into altcoins. So, which altcoins showed a remarkable increase in the last 24 hours?
1. Peanut the Squirrel (PNUT)
PNUT, which quickly became popular with Elon Musk's social media posts, quickly surpassed the market value of $ 2 billion. This memecoin, which increased by 135.30% in the last 24 hours, was listed on Binance as of November 13. PNUT rose, heralding the bull season and topped the list.
2. Baby (BABY)
PEPE, which was added to Coinbase’s watchlist on November 13, has gained 85.90% in the last 24 hours. PEPE, which has gained an important place among memecoins, currently has a market value of $ 10 billion and is showing a remarkable upward trend.
3. Mog Coin (MOG)
MOG, one of the popular names in the cat memecoin trend, has increased by 46% in the last 24 hours. MOG, which took advantage of the memecoin wave and rose rapidly, has brought its market value close to $ 1 billion. Exceeding this level may signal the beginning of a new bull run in the parity. The $ 5 billion market value target stands out for MOG in the bull season.
4. Dogwifhat (WIF)
The popular memecoin WIF, which is traded on the Solana network, has increased by 42.65% in the last 24 hours. WIF, which has exceeded a market value of $ 4 billion, is sending positive signals for both the Solana ecosystem and investors. As long as the upward trend in WIF continues, the $ 10 level can be monitored as an important target.
5. Book of Meme (BOME)
Another popular memecoin, BOME, gained 35.83% in the last 24 hours and rose to $ 0.01204. BOME's market value has reached $ 830 million. BOME, which has made a different place for itself in the crypto sector with its story, can continue to rise as long as it remains above the $ 1 billion market value level.
The altcoin market continues to grow despite Bitcoin's price volatility, providing opportunities for investors.