Commemorative coins soar in bull market

Over the past month, the cryptocurrency market has enjoyed an extraordinary bull run that has catapulted investors into millionaires and billionaires. Bitcoin is priced at $66,000 and Ethereum is at $37,000, with growth rates ranging from 30% to 50% for both coins. However, the real star of this surge was Memecoins, which saw growth rates soar from 100% to 500%, providing even more impressive profits than traditional currencies.

Top Commemorative Coins in a Bull Market

Dogecoin ($DOGE): Dogecoin, the largest commemorative coin by market cap, has surged 131.5% in a month and is currently trading at $0.1825.

Shiba Inu ($SHIB): Launched in August 2020 with a market capitalization of approximately $24 billion, Shiba Inu has grown 300% in just one month and is trading at approximately $0.00003943.

Pepe ($PEPE): Inspired by the beloved internet catchphrase the "feel good man" frog, PEPE has a market cap of approximately $3 billion over the past month , the transaction value was $0.000007326, a surge of more than 700%.

Bitcoin halving and whale buying push Memecoin market cap soaring

Memecoin’s recent surge can be attributed to a variety of factors, including the Bitcoin halving event in April and massive purchases of SHIB tokens by crypto whales. Notably, whales acquired 75.9 billion Shiba Inu tokens worth $893,000, significantly boosting the overall rise in Memecoin’s value. Furthermore, Dogecoin’s spike is associated with a recurring falling wedge pattern observed across different time frames, hinting at the potential for price increases in the future.

Analysts predict that PEPE futures settlement will drive continued rise in Meme coin prices

Experts predict that the price of Memecoins will continue to rise, and trends indicate that the price will continue to rise. PEPE has experienced significant futures contract liquidations over the past 30 days, driving prices higher. Investors may consider diversifying their portfolios to include these Meme tokens, but due to the volatility of the cryptocurrency market, thorough research and careful risk assessment are crucial.