At the beginning of last week, there was an uninterrupted surge in the price of Bitcoin, followed by a meme coin frenzy that led to some new peaks in the market. Despite the rise in the price of SHIB and DOGE, attention was on WIF, PEPE, and FLOKI. Interest then shifted to AI tokens, and a decline in meme coins was observed. Today, after BTC refreshed its all-time high (ATH) by exceeding $71,000, it seems that things are getting back on track.
Current Status of Meme Coins
When examining the meme coins ranked in the top 5 by market cap, it was evident that their prices were starting to recover. Initially, Dogecoin (DOGE) led the list, with its price rising nearly 3% in the last 24 hours to $0.1775.
DOGE’s market cap exceeded $25 billion, and its 24-hour trading volume was over $2.5 billion.
Things also seemed to be looking up for Shiba Inu (SHIB). At the time of writing, SHIB’s price had increased by 1%, trading at $0.0000345, with its market cap remaining above $20 billion.
Pepe Coin (PEPE) had gained attention after a drop following its new ATH. However, today it appeared to be recovering, with a 3% increase in price to over $0.0000090, approaching the removal of a zero.
PEPE’s market cap surpassed $3.8 billion, placing it at 39th in volume ranking. PEPE’s trading volume over the last 24 hours was also over $1.5 billion.
FLOKI (FLOKI), unlike its competitors, started its rise not today but last evening. After a 20% increase in the last 24 hours, its price left $0.0002822 behind. FLOKI’s market cap rose above $2.7 billion during this period.
Bitcoin Climbs as WIF Coin Declines
Dogwifhat (WIF) was the only meme coin on the list with a negative outlook. WIF saw a drop of over 5%, trading at $2.23. WIF’s trading volume in the last 24 hours was only $359 million.
Briefly discussing Bitcoin, today it surpassed the $70,000 mark, refreshing its ATH, and at the time of writing, BTC was trading at $71,700. Bitcoin’s 24-hour trading volume saw a 72% increase, surpassing $48 billion, indicating very high investor interest.
