YEREVAN (CoinChapter.com) — The meme coin market is witnessing a strong resurgence, as leading cryptocurrencies like PEPE, Shiba Inu, and FLOKI show significant gains. The total market cap of meme coins is now approaching $50 billion, with these tokens drawing increasing attention. Below, we’ll look at how these three meme coins performed in the last 24 hours.
Recent Meme Coin Market Trends. Source: CoinMarketCap PEPE’s 15.2% Surge in Recent Trading
PEPE has shown significant performance, with a 15.2% increase in value recently, surpassing the $0.00001052 price mark. This sharp rise in price aligns with a broader market recovery, highlighting PEPE’s continuing momentum.
Pepe Coin Price Surge. Source: CoinGecko
Furthermore, with a market capitalization of approximately $4.42 billion, PEPE stands as one of the major players among meme coins. The current upward trend suggests potential for further growth in its value.
Shiba Inu’s 17% Jump in 24 Hours
Shiba Inu (SHIB) has been another top performer, rising 17% in the last 24 hours. Currently, the coin is valued at $0.00001963, reflecting a significant jump over the past ten days. This surge follows the coin’s breakout from a falling channel pattern, which has allowed it to regain strength.
Shiba Inu Price Analysis. Source: TradingView
The technical indicators point to a possible golden crossover between the 50-day and 200-day EMAs, which could further influence Shiba Inu’s performance. With its market cap of $11.56 billion, SHIB continues to rank high among meme coins. If this momentum holds, the coin could continue its upward trend, reaching higher price levels in the near future.
FLOKI Sees a 14.44% Rise Today
Floki Price Breakout Analysis. Source: TradingView
FLOKI, another popular meme coin, is also gaining attention. It saw a 14.44% rise today, on top of the 9.28% increase the previous night. With a market cap of $1.43 billion, FLOKI is trading at $0.001494. The recent rise follows a bullish reversal from a falling channel breakout, signaling continued price increases.
The technical indicators suggest that FLOKI could continue to rise, especially with the potential golden crossover between the 50-day and 200-day EMAs. This positive trend suggests that FLOKI is likely to maintain its growth as long as market conditions remain favorable.
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