Meme coins, often referred to as the wild side of cryptocurrencies, have seen significant gains following a minor recovery in Bitcoin. Leading the charge is DOGE, with some meme coins achieving double-digit gains. So, what is happening in the meme coin market right now?
DOGE Coin Analysis
DOGE, the undisputed leader in the meme coin world, continues to maintain its positive outlook over the past 7 days. This has positively impacted other meme coins as well.
Elon Musk has openly supported DOGE in the past, and developments related to X could benefit it in the future. DOGE saw a 5.77% increase in the last 24 hours, reaching $0.1256. Over the past 7 days, DOGE has risen by 3.10%, indicating a recovery.
DOGE market cap has exceeded $18 billion. However, the 24-hour trading volume, which nearly reached $1 billion yesterday, settled at $784 million.
SHIB Coin Current Status
SHIB, DOGE’s closest competitor, is also among the rising meme coins today. It saw a 3.83% increase in the last 24 hours, marking a noticeable climb compared to yesterday’s uncertainty.
SHIB is currently priced at $0.00001766. SHIB’s market cap stands at $10.4 billion, while its trading volume dropped from $372.6 million yesterday to $320 million.
PEPE Coin Recovers
PEPE, which achieved multiple ATHs last month, is the highest-gaining meme coin today. PEPE’s price increased by 13.46% in the last 24 hours, trading at $0.0000127. Its 7-day price movement shows a 15.28% rise.
PEPE’s market cap rose to $5.3 billion, and its trading volume surpassed $1 billion, drawing significant attention. The rise in PEPE suggests that investors are eager to push the price back to ATH levels.
WIF Continues to Rise
Another winner today is WIF on the Solana network, which saw a 19% increase yesterday and a 12% rise today, surpassing $2 again.
Despite these gains, WIF’s 7-day price movement shows a 1% decline. Following the 2-day rise, WIF’s market cap exceeded $2 billion. However, its trading volume fell from $700 million yesterday to $641 million.
