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Showing posts with the label prices

As Bonk, Pepe, Memecoin token prices rise, Memeinator gains traction

Meme coins like Bonk, Pepe, and MEME have surged in the past few weeks. Their rally mirrors that of other coins like Bitcoin and Ethereum.  Memeinator could grow to become the next big thing in he industry. Meme coins have made a strong comeback lately. Bonk, the Solana meme coin that became prominent in January, surged to a high of $0.0000034, which was over 1,850% from the lowest level this year. Its market cap has jumped to over $121 million.  Memecoin (MEME) has also surged by more than 2,770%, giving it a market cap of over $198 million. It has done well even though its website states clearly that it has no use. It has no utility, no roadmap, and no expectation for financial returns.  Pepe token has jumped by over 480% from the lowest level this year. Like the other two, Pepe’s market cap has jumped to over $474 million. Dogecoin and  Shiba Inu have a combined market cap of over $16 billion.  This performance mean...

Crypto rally adds $46 billion to global market cap: here’s why prices are up

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Crypto prices are rallying, with Bitcoin (BTC) rising more than 5% to near $30k. Total market cap is up more than 4% to $1.17 trillion, with over $46 billion added in the past 24 hours. Ethereum and XRP have also spiked, above $1,600 and $0.52 respectively as ETF talk and Ripple news buoy markets. The global cryptocurrency market capitalization is up 4.6% to above $1.17 trillion, with about $46.5 billion added to the crypto market cap in the past 24 hours. The global 24-hour trading volume was about $88 billion, according to data from market aggregator CoinGecko. Why are crypto prices rising? A spike in crypto prices today is the reason behind the uptick in the total cryptocurrency market cap. As can be seen in the heatmap below, the upward trend for Bitcoin (BTC) and across the altcoin market, has fueled the jump in total market cap. Crypto market heatmap. Source: Coin360 The injection of volatility in the sector is likely the flip in sentiment am...