The cryptocurrency market is showing signs of recovery, with a 6.34% increase in the last 24 hours, bringing its total market cap to $3.53 trillion. This uptick has sparked optimism among investors about a potential bull run, particularly given that the overall market is growing faster than Bitcoin.
With the total market cap increasing at a faster rate than Bitcoin, some believe that an “altcoin season” could be on the horizon. The meme coin market has responded positively to this news, with all top tokens experiencing growth and pushing the overall market’s cap past $100 billion again. One of the standout performers in this surge has been Wall Street Pepe (WEPE), an upcoming meme coin with a unique focus on trading utility.
Despite being in its presale phase, WEPE has already raised an impressive $33.5 million, making it one of the fastest-growing meme coin initial coin offerings (ICOs) of the year. With Bitcoin climbing back up to around $97,434.68 per token and headed towards the $100,000 mark again, combined with the promising developments in the broader cryptocurrency market and the increasing popularity of meme coins, it seems that the conditions are ripe for another bull run.
Will you be joining in on the fun?
Source
As per reported by cryptopotato.com
