The past week in cryptocurrencies, especially on Monday, August 5, 2024, was a complete fiasco. Bitcoin price reached $70,000 last Monday but then sharply retracted. This price movement stopped at $48,800 and then recovered. As a result of the recovery, the market became active again, and as Bitcoin rose to $60,000, meme coins and altcoins also recovered. Let’s take a look at what’s happening with Floki, PEPE, and LUNA in the market.
Floki Coin Comments
Floki, one of the leading meme coins in March, saw a price increase that pleased all investors. Following this, the investment announced by DWF Labs and the information about coin burning took Floki to a different level.
Afterward, FLOKI could not resist the market decline and was affected by the process. Despite a 14.52% drop in the last 7 days, FLOKI rose to $0.0001268 after a 0.94% drop in the last 24 hours.
This price drop in Floki also reduced its market cap, which is currently at $1.2 billion. Despite the rise, the trading volume fell by 18% to $205.4 million.
Pepe Price in TL
PEPE, the undisputed star of June, experienced a complete collapse in the first days of August. PEPE price rose to $0.000013 in the last week of July but could not maintain this level and quickly declined.
On Monday, August 5, the situation took a different turn, and PEPE fell below $0.00006. As of today, PEPE has slightly recovered, and its price is $0.000008452 after a 2.31% increase.
In recent months, PEPE’s market cap was above $5 billion, but today it has fallen to $3.555 billion. Despite this, the trading volume remains stable at $1 billion. The PEPE/TRY pair is trading at 0.00028418 TL.
Luna Coin Comments
Lastly, things were looking good for Terra (LUNA) yesterday and today. The price increase following the court’s decision about Do Kwon pleased investors. LUNA’s price increased by 7.3% yesterday and by 1% today, reaching $0.3262.
LUNA’s market cap exceeded $266.6 million, while the trading volume fell by 2.81% to only $22 million. Considering LUNA’s all-time high of $19.54, the price is over 98% below this level.
