Memecoins Break Bearish Trends with Double-Digit Gains

In a surprising turn of events, memecoins have broken free from a week-long bearish trend in the crypto market, recording double-digit growth over the past 24 hours.

Memecoins Outshine Bitcoin

While Bitcoin (BTC) struggles to gain bullish momentum, hitting a monthly low of $58,554 on June 24, memecoins have surged ahead. Dogecoin (DOGE) followed the general market trend with a modest 2.4% increase, and Shiba Inu (SHIB) saw a slight 0.15% gain. However, the biggest winners were the newer memecoins that have emerged in recent months.

Notable Memecoin Performances

– **Popcat (POPCAT)**: The Solana-based memecoin surged 50% on the 24-hour chart.
– **Mog Coin (MOG)**: Saw a 39% increase in price.

These impressive gains have reversed the market trend and brought memecoins back into the spotlight after a recent dip led many to believe the meme frenzy was over.

WIF and PEPE Resurgence

– **Dogwifhat (WIF)**: This memecoin, which previously made headlines by reaching a $4 billion market cap, fell to $1.47 earlier this week. On June 25, it surged over 25%, recovering most of its recent losses, and was trading around $1.83 at the time of writing.
– **PEPE**: Another major memecoin in the top 50 by market capitalization, saw its price rise from a daily low of $0.00001028 to a daily high of $0.00001198, marking a 13% increase in the past 24 hours.

Other Notable Gains

**Floki (FLOKI)**: Recorded an 11% growth.
**Bonk**: Saw a 16% surge.

These gains have not only reversed the bearish trend but have also brought memecoins back into the news cycle, proving that the meme frenzy is far from over.