Meme coins’ green outlook continues without breaking the tradition seen in recent weeks. Dogecoin (DOGE) and Shiba Inu (SHIB), the large volume meme coins, experienced significant fluctuations before taking a positive breath, while the rise continues for smaller volume meme coins.
Meme Coins Witness New All-Time Highs
PEPE Coin (PEPE), dogwifhat (WIF) and BONK, although not as prominent as SHIB and BONK, saw a significant increase in trading volumes and each reached their all-time high levels.
As of writing, PEPE coin price has increased by 14% to $0.000010049 and has surpassed a market value of $4.22 billion. Moreover, PEPE’s daily trading volume also saw a 64% increase, exceeding $2.3 billion and becoming the ninth most traded cryptocurrency.
In just the last two weeks, the PEPE price has seen an incredible increase of 820% and moved to its all-time high. The recent surge in PEPE Coin price coincided with a period when rumors about Elon Musk’s support for the meme coin were on the rise.
On the other hand, dogwifhat (WIF) surpassed a market value of 3 billion dollars after its recent increase over the last 24 hours, leaving behind the all-time high of 3 dollars. At the time of writing, WIF was trading at $2.91, up 27%.
Furthermore, the daily trading volume for dogwifhat (WIF) increased by 100% to $700 million. Over the past two weeks, the price of dogwifhat (WIF) also hosted an incredible increase of 700%.
The Solana-based memecoin known as dogwifhat (WIF) received support of over $650,000 and will use it in a major advertising campaign.
While all this is happening, the Solana-based meme coin BONK also experienced a 13% price increase in the last 24 hours and continues to trade from its all-time high of $0.00003384, with a market value of $2.2 billion as of writing.
Bitcoin’s Impact on Meme Coins
Leading on-chain data provider Santiment revealed that meme coins saw a significant increase following Bitcoin‘s surge to refresh its all-time high at $73,600.
The remarkable performance of meme coins coincided with Bitcoin’s ongoing rise in March, contributing to the accumulation of strength and rise of low-volume cryptocurrencies, especially meme coins.
