Meme coins like PEPE, SHIB, and DOGE are surging, with gains up to 26% in the past 24 hours!
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🚀 Meme coins like PEPE, SHIB, and DOGE are surging, with gains up to 26% in the past 24 hours! This growth is attributed to a "spillover effect" from the rise of Bitcoin and Ethereum. Traders have been using meme coins as a proxy bet on Ethereum's growth since late February.
- Pepecoin (PEPE) jumped 26%, while DOGE and SHIB rose 10%
- CoinGecko's meme coin category showed an 8.6% sector growth on average
- Ethereum (ETH) is inching towards $4,000, a level it previously saw in December 2021
Experts believe that as Bitcoin and Ethereum rise, coins deployed on Ethereum and Solana also surge, including meme coins. However, some caution that a transition back to "fundamentally driven" altcoins may be expected in the short-mid term.
What do you think about the recent surge in meme coins? Share your thoughts in the comments below! 💭
- Pepecoin (PEPE) jumped 26%, while DOGE and SHIB rose 10%
- CoinGecko's meme coin category showed an 8.6% sector growth on average
- Ethereum (ETH) is inching towards $4,000, a level it previously saw in December 2021
Experts believe that as Bitcoin and Ethereum rise, coins deployed on Ethereum and Solana also surge, including meme coins. However, some caution that a transition back to "fundamentally driven" altcoins may be expected in the short-mid term.
What do you think about the recent surge in meme coins? Share your thoughts in the comments below! 💭
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PEPE
0.00001782
+0.67%
SHIB
0.0000218
+0.46%
DOGE
0.33605
+0.49%
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