finbold.com
The ongoing cryptocurrency rally, primarily driven by euphoria over the Bitcoin ($BTC) halving, which has already seen $BTC surge above $65,000 and toward its all-time highs, has hardly left the traditional wild cards of the crypto market – meme coins – out.
In fact, multiple prominent meme coins have already found themselves among the biggest gainers on the market in the last 7 days, and according to data provided on X by Santiment, a market intelligence platform, many of them have seen volume in the same period increase by approximately 3,000%.
$PEPE’s price is also 37.92% in the green in the last 24 hours and at the time of publication, its price is $0.000007136. Judging by its recent performance, the overall crypto market trend, and Bitcoin’s own searching for a new all-time high, Pepecoin is likely in for even greater gains in the coming period.
Bonk ($BONK)
While Bonk ($BONK), the original meme coin of the Solana (SOL) blockchain, owes much of its popularity to the strange arbitrage opportunity linked to the first issue of cryptocurrency-ready Saga smartphones, it has also proven that it can surge on its own.
Looking at the crypto market in the past 7 days, $BONK is the fourth-biggest gainer and is 172.05% in the green in the time frame.
Additionally, not only do the latest 24 hours of trading hint at a continuation of the trend as $BONK is up another 31.46% to $0.00003239, but it may also receive another major boost in the coming months as the Solana mobile team is working on a new smartphone – making now a particularly opportune time for anybody wishing to gain from upcoming developments.
Shiba Inu ($SHIB)
Perhaps the world’s best-known joke-based cryptocurrency, Shiba Inu ($SHIB), has been hot on $BONK’s tail in the last week of trading. At the time of publication, the dog-themed meme coin is the fifth-biggest crypto market gainer in the time frame and is up 168.49%.
Much as is the case with $BONK and $FLOKI, Shiba Inu’s price performance in the last 24 hours indicates that the rally is far from exhausted, and the Ethereum (ETH)-based token is 20.90% in the green with a press time price of $0.00002585.
Floki ($FLOKI)
Over the course of the previous 7 days, the combination of a shiba inu dog and Gustav Skarsgard’s Vikings character – Floki – has also proven highly successful as Floki Inu ($FLOKI) rose as much as 312.81%.
The meme coin, known as one of the leading such assets in the Web3 ecosystem, has also offered a strong performance – albeit with significant volatility – in the last full trading day and is up 13.49% in the time frame with a price of $0.0001502 at the time of publication.
Finally, $FLOKI recently hit a record of $525 in total value locked (TVL), surpassing the combined TVL of $PEPE, $BONK, WIF, $DOGE, and $SHIB, making it a particularly strong pick.
Dogecoin ($DOGE)
While it would be hard to talk about meme coins without mentioning Dogecoin ($DOGE), it would appear it is likewise hard to have a meme coin rally without $DOGE surging as well.
On the list of last week’s top-performing cryptocurrencies, Dogecoin has taken the seventh spot as it is a significant 90.06% in the green in the time frame.
$DOGE’s 24-hour performance has also placed well outside the list of top cryptocurrencies under $0.10 as it rose another 19.53% to the press time price of $0.1609.
Conclusion
Given meme coins’ positioning in the crypto market, as well as the general prominence of the listed assets, their recent performance hardly comes as a surprise.
What is exciting, however, is that despite their recent skyrocketing, the five cryptocurrencies are likely to continue offering a strong performance thanks to the upcoming developments, including the forthcoming Bitcoin halving and, given they are based on internet jokes, the approach of April 1 which is likely to lead to some interaction between Dogecoin supporter Elon Musk and the asset class.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.