Hi Guys,
It's Big & Big
#updates a chance For Those Who Missed
$PEPE !!!
PEPE
0.00001537
+0.32%
Missed PEPE and PopCat?
Piggy Bankster may be the next big thing
Why meme coins soared
Other meme tokens like dogwifhat (WIF), Bonk, Book of Meme (BOME), and Dog Go to The Moon (DOG) have also done well this year. WIF’s market cap has soared to over $3.3 billion while Bonk, BOME, and DOG are valued at over $2 billion.
Altogether, all meme coins tracked by CoinMarketCap have a market cap of over $63 billion.
This makes them bigger than many well-known companies like FedEx, Spotify, Workday, and Monster Beverage among others.
There are several reasons why meme coins have done well this year.
First, their performance was driven by key news in the crypto industry.
The Securities and Exchange Commission (SEC) approved Bitcoin ETFs in January. Since then, these ETFs hold over $60 billion worth of assets, helped by strong institutional demand.
Second, the agency has recently approved Ethereum ETFs and analysts expect that they will attract billions of dollars in assets when they start trading. This approval means that the SEC could approve other ETFs like Solana, Cardano, and Ripple.
Third, they rose because of April’s Bitcoin halving, which reduces the number of Bitcoin rewards offered to miners.
In most cases, Bitcoin tends to rally ahead and after halving.
Finally, there is hope that the Federal Reserve will start cutting interest rates later this year if inflation continues dropping.
Cryptocurrencies and other risk assets do well when the Fed turns dovish.
Meme coins do better than other cryptocurrencies because of their lower notional value, increased whale activity, and their potential for huge gains.
Piggy Bankster will have a total supply of 100 million and an initial liquidity of 12,000. The starting price of its presale will be $0.00012. You can learn more about the token on the Piggy Bankster website and follow the updates on X.
#Megadrop #MtGox #altcoins #BinanceLaunchpool