đ„đ„đ„Doge, Shib, Pepe, Floki, BOnk, and Wif are all making a comeback in the meme coin storyline
Following the recent crypto market drop, meme currencies including DOGE, SHIB, PEPE, BONK, WIF, and FLOKI have begun to rebound.
According to statistics compiled by CoinGecko, BONK has seen gains of more than 17% in the last day, while PEPE has seen gains of 13%.
According to a legal expert, meme coins will be the most lucrative cryptocurrency category in Q2 2024, and the SEC is likely to take notice.
Amid a general uptick in the cryptocurrency market, meme coins saw an 8% increase in market worth during the last day. The 24-hour gains on CoinGecko indicate that the top five meme currencies in the category have begun to rebound.
Within the last day, Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI) have began to show signs of life again, reporting increases ranging from 1% to 17%.
Ethereum holders are patiently waiting for the investment product to be approved by the Securities and Exchange Commission (SEC). Optimism among ETH traders has been a market mover that has helped Ethereum-based meme currencies and associated assets rebound over the last day.
As Bitcoin rebounded from its recent drop, meme currencies saw value increases of 1% to 17% in the previous 24 hours. As meme currencies continue their ascent and traders gradually start to generate a profit on positions that were negative over the previous week, Bitcoin manages to stay above $57,000 on Tuesday.
According to Coinmarketcap , the value of Bonk has surged by more than 20% in the last day. The most lucrative segment of the cryptocurrency market in Q2 2024 was meme coins, according to reports from McKinsey. Even while the industry's allure faded during the downturn, it's roaring back up this week.
Meme currencies are still popular with traders and investors, but one lawyer thinks US financial authorities may take notice soon.
