BTC is back above $60,000 but dipped below $60,500 shortly before the US market opened. For now, it is crucial to maintain above the $60,000 threshold. The recent rise that energized altcoins brought much larger gains for some. Three popular altcoins, in particular, stand out.
Meme Coins Are Rising
Investors disappointed by pump fun are regaining their risk appetite. Meme coins found the expected trigger with Tron launching its own version of pump fun. PEPE, WIF, and BRETT Coin prices started to rise. Justin Sun loves being at the center of all discussions in crypto and making a name for himself.
If one day the US central bank hints at bankruptcy, Justin Sun might step up and say, “I can help them with my crypto wealth.” He disappeared when things got serious after saying this in almost every crypto bankruptcy event. However, the SunPump move managed to energize meme coins this week.
Sundog became the first meme coin launched through a rival platform and increased by 124% in 24 hours. Other tokens launched by the new protocol did not perform as well. Its closest competitor, FOFAR, reached a market value of $25 million.
BRETT and Others
BRETT, one of the most popular meme coins on the Base network, increased by 26% and continues to heal its wounds. POPCAT rose by 26%, and WIF Coin increased by 19%. There is an impressive recovery among meme coins, with only 12 meme coins in the top 100 tokens not gaining.
As Tron’s rival launchpad platform rekindles interest, if BTC does not dip below $60,000 for the hundredth time, the movement is likely to continue led by meme coins. Indeed, the participation of XRP Coin and some other major altcoins in the rise indicates that risk appetite is generally starting to recover.
At the time of writing, US markets had not yet opened, and BTC was hovering at $60,442. SHIB and DOGE are continuing their day with gains of 2% and 3.25%, respectively.
