Meme Coins Soar 9% As Crypto All-Stars Surges Past $2 Million In Presale
Meme coins have performed strongly in the past 24 hours, rounding up to a market capitalization of $51.29 billion after dipping to $43.71 billion on Friday.
One of the top performers among meme coins on Saturday is DogWifHat ($WIF), which gained 12%, followed by Toshi ($TOSHI) with a 10% increase and Mog Coin ($MOG) with a 7.95% spike.
These gains are certainly welcome for the sector, which aims to move past a week hampered by rising geopolitical tensions in the Middle East, posting strong gains ahead of next week.
No specific catalyst can be pinpointed as the trigger for Saturday’s rally. However, Moo Deng ($MOODENG), a breakout coin from September, has been making headlines lately, with reports of a trader making off with $7.5 million from an $800 investment in this token.
Moo Deng, inspired by the eponymous energetic pygmy hippopotamus from Thailand, has gained online fame recently and may have contributed to Saturday’s rally with a 30% surge and $500 million in trading volume on Friday.
But more importantly, $MOODENG is a refreshing new entrant in the meme coin sector, signaling that the market still has an appetite for meme coins beyond the sea of Shiba Inu copycats.
While other meme coins like PepeCoin ($PEPECOIN), Dogecoin ($DOGE), Brett ($BRETT) and others can be staked on MemeVault, simply holding $STARS provides investors with an additional push to triple staking rewards.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $DOGE