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Meme coins have gained bullish momentum again as investors shift focus to altcoins. One of the latest additions to the category, dogwifhat ($WIF), leads the top gainers’ list with double-digit gains.
$WIF is up by 43% in the past 24 hours and is trading at $3.23 — marking a new all-time high — at the time of writing. The meme coin’s market capitalization is currently hovering at $3.22 billion, making it the 45th-largest digital asset.
$WIF reaches new ATH as meme coins gain bullish momentum - 1"> The Solana-based dog-themed token’s daily trading volume registered a 104% rally, reaching $774 million.
On March 10, one of the leading contributors to the meme coin’s advertising campaign, known as Ansem on X, said the ad is fully funded. Per the X post, the team behind the $WIF movement collected over $690,000 in USDC to advertise the meme coin on the Sphere in Las Vegas.
iight bros, it's time, we're putting dogwifhat on the vegas sphere 🫨 https://t.co/lVm0Hjog8o pic.twitter.com/vK4LlXYs8G
— Ansem 🐂🀄️ (@blknoiz06) March 10, 2024
Moreover, the largest meme coin, Dogecoin ($DOGE), gained 8.35% over the past day and is currently trading at $0.187 — a level not seen since December 2021.
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Dogecoin’s surge came after the billionaire Teslas CEO hinted at enabling $DOGE payments for purchasing Tesla’s electric vehicles.
Elon Musk at Giga Berlin today.
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024
“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.” 😂🔥 pic.twitter.com/Suk7bifuHC
Shiba Inu ($SHIB) also recorded a 2.3% hike in the past 24 hours and is trading at $0.000033 at the reporting time. $SHIB’s market cap is currently $7 billion away from $DOGE’s and is currently sitting at $19.9 billion.
Furthermore, Pepe ($PEPE) recorded 20% over the past day and briefly touched a new all-time high of $0.0000107 at around 06:00 UTC on March 14. $PEPE is currently trading at $0.0000105 with a total market cap of $4.45 billion.
FLOKI is also getting close to its all-time high of $0.00034 in November 2021. The meme coin is currently trading at $0.00029.
According to data from CoinMarketCap, the total meme coins’ market capitalization increased by 7.3% in the past 24 hours and is sitting at $65.5 billion at the time of writing.
The total 24-hour trading volume of the category also surged by 35% and is hovering at $12 billion.
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