Elon Musk ignites meme coin craze, PEPE, FLOKI, BONK soar, billionaire dream factory restarts?
Elon Musk is the man who changed the history of cryptocurrency.
After Dogecoin became popular, many meme coins appeared, such as shib.PEPE, FLOKI and BONK, which have been relatively famous in recent years.
Dogecoin may not be special at first, but once Musk got involved, it became popular and changed the entire history of cryptocurrency. Because of Musk's influence, meme coins not only made many people millionaires, but also paved the way for other currencies, such as SHIB.
But the market is always ups and downs. After the bull market in 2021, the market slowed down and fell for a while. As a result, many meme coins appeared in 2022, 2023, and 2024.
So how are these meme coins now?
I have listed a few for you to understand,
PEPE may be one of the most popular meme coins in 2023. When the cryptocurrency market was so chaotic, PEPE became popular and caused Ethereum's network fee to rise a lot. In March 2024, PEPE is still popular. Although the price is not as high as before, it is still trading.
According to the data, PEPE has risen by 1% in the past 24 hours, and the price is $0.00000747. It has risen by more than 50% in the past 7 days, and its market value has recovered to $3.15 billion, surpassing WIF and becoming the third largest meme coin. However, its 24-hour trading volume is 2.75% less than the previous day, which is $1.2 billion.
FLOKI was also very popular in the bull market in March 2024, and it has risen by more than 2000% in the past year, which made investors very happy. But now the situation is a bit bad. The market value has fallen by more than 2% in 24 hours, becoming $1.7 billion. And its 24-hour trading volume has also fallen by 11%, which is $280 million. It may be that investors choose to hold instead of sell.
BONK, like PEPE, is one of the most famous meme coins in 2023. When Solana was so popular, BONK also became popular and helped many people become millionaires.
Last year, BONK rose by 3382%, which is really amazing! It rose a little at the end of 2023, but it rose even more sharply in March. Now looking at the data, BONK has risen by 9% and the price is $0.00002595. After this increase, its market value has exceeded $1.68 billion.
The market is getting better, will BONK continue to rise?
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