#MemecoinRise coins like dogecoin and Pepe are rallying again. Here's what it means for crypto :

As #Bitcoin‬ hit an all-time high at $69,208.79 on Tuesday, its first time reaching a record high since November 2021.

On such optimism, meme coins rallied as well: Dogecoin (DOGEUSD) rose about 50% over the past seven days, and another dog-themed coin, Shiba Inu (SHIBUSD), surged 209.8% over the past seven days, according to CoinDesk data.

Some newer meme coins also saw significant gains. Bonk coin went up 112% during the past seven days, and frog-themed Pepe coin (PEPEUSD) jumped 158% for the same period, according to data from CoinGecko. Dogwifhat, based on a picture of a dog wearing a hat, rallied 180%.

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