$WIF Meme coins PEPE and Dogwifhat (WIF) have seen significant price increases, surging over 25% in a day. According to U.Today:
🐸 PEPE, a frog-themed cryptocurrency, rose 27.35% in the last 24 hours to $0.00001215 and 34% over the week. It reached an intraday high of $0.0000126, marking its third consecutive day of recovery.
🐸 (WIF), a Solana-based dog coin, increased 24% in the last 24 hours to $2.21 and 31% over the week. It hit an intraday high of $2.26 and is on its fifth straight day of gains.
🐸 This surge aligns with bullish momentum in the broader crypto market. Bitcoin is trading above $63,000, continuing its strong upward trend. This has positively impacted the meme coin sector, with PEPE and WIF benefiting significantly.
🐸 Other meme coins like FLOKI, BONK, and SHIB have also posted gains of 19%, 12%, and 8%, respectively, in the last 24 hours.
🐸 renewed optimism in the crypto market is partly due to favorable macroeconomic conditions and Federal Reserve Chair Jerome Powell's statements suggesting potential rate cuts before inflation hits 2%.
🐸 recent report highlighted WIF and PEPE as top performers in 2024, with Dogwifhat rising over 1,300% and PEPE gaining nearly 800%, outperforming Bitcoin's 48% year-to-date increase.
