$WIF Meme coins PEPE and Dogwifhat (WIF) have seen significant price increases, surging over 25% in a day. According to U.Today:
๐ธ 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.
๐ธ (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.
๐ธ 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.
๐ธ Other meme coins like FLOKI, BONK, and SHIB have also posted gains of 19%, 12%, and 8%, respectively, in the last 24 hours.
๐ธ 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%.
๐ธ 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.
