🔥Meme coins like PEPE, SHIB, and DOGE are on fire, with gains up to 26% in the past 24 hours! This growth is attributed to a
"spillover effect" from the rise of Bitcoin and Ethereum. Traders have been using meme coins as a proxy bet on Ethereum's growth since late February.
- Pepecoin (PEPE) jumped 26%, while DOGE and SHIB rose 10% /
- CoinGecko's meme coin category showed an 8.6% sector growth on average
- Ethereum (ETH) is inching towards $4,000, a level it previously saw in December 2021
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Experts believe that as Bitcoin and Ethereum rise, coins deployed on Ethereum and Solana also surge, including meme coins. Howev. some caution that a transition back to
"fundamentally driven" altcoins may be
expected in the short-mid term.
What do you think about the recent surge in meme coins? Share your thoughts in the comments below! S
