Meme coins rise: PEPE, FLOKI, WIF and BRETT all gain 20%
PEPE, FLOKI, WIF and BRETT have led the recovery, with each of these currencies posting daily gains of more than 20% on Tuesday.
Pepe, an Ethereum-based meme coin, has gained 24% over the past day and is trading at $0.00001187. The crypto asset’s daily trading volume has doubled over the past day to hover around $1.65 billion over the same time frame.
Meanwhile, its market cap has risen 23% to surpass the $5 billion mark, making it the 22nd largest cryptocurrency.
Floki, a dog-themed meme coin on the Solana blockchain, has also surged 21% in price over the past 24 hours. The crypto asset is currently trading at $0.0001872, with its market cap hovering around $1.79 billion and daily trading volume of $453 million.
The Dog in the Hat is also up 22% and is currently trading at $2.16 at press time. The 44th ranked cryptocurrency by market cap has a daily trading volume of $632 million.
Despite the rise in Bitcoin’s price, its market share has slightly decreased by 0.26% to 53.64%, indicating an increase in altcoin market activity. The global cryptocurrency market capitalization has also risen by 1.6% to $2.34 trillion.
