Top Performing Memecoins with 10x-100x in Profits this Week

The global cryptocurrency market has been experiencing a downturn, with Bitcoin trading below $70,000. In the midst of this uncertainty, meme coins have successfully gone against expectations by providing significant profits for investors. This week, some memecoins have been notable for achieving impressive gains of between 10x and 100x in profits. Let’s delve into the specifics of these top achievers and understand their recent trends.

1. Byte (BYTE)

Byte has stood out as a noteworthy player in the realm of memecoins over the past week. The based on Ethereum, the token has experienced a substantial increase of 228.05% in the last week to trade at $0.0000305 . Even though there has been a minor decline in the last day, BYTE’s general upward pattern is still robust.

Byte’s market capitalization of $29.4 million and a trading volume of $1.7 million in 24 hours has sparked interest among members of the cryptocurrency community. BYTE currently has around 55.5 billion coins in circulation, while the total supply is close to one trillion coins.

2. Hoppy (HOPPY)

Hoppy, another Ethereum-based meme con has also captured investors’ interest with its remarkable performance. Currently priced at $0.00004588, HOPPY has surged by 173.81% over the week. The coin’s market cap is $19.3 million, and it boasts a substantial 24-hour trading volume of $7.2 million.

Hoppy’s circulating supply is around 163.5 billion coins, with a total supply of 420.7 billion. The  token’s weekly growth indicates a strong market sentiment and increasing investor confidence.

3. BEFE (BEFE)

BEFE also stands out in the current memecoin rally, having  increased in its value by 90.63% in the last week, to trade at $0.0001946. BEFE’s growth has been impressive, with a market capitalization of $18.1 million and a 24-hour trading volume of $7.5 million.

There are approximately 36.6 billion BEFE coins in circulation, from a total supply of 93.2 billion. Even though BEFE’s gains are not as impressive as those of other cryptocurrencies, its steady rise demonstrates its potential in the memecoin market.

4. Wownero (WOW)

Wownero, priced at $0.1106, has shown a solid performance with a 57.64% increase over the week. Although its 24-hour performance is relatively modest, the overall trend of WOW remains positive. The coin’s market cap is $7.3 million, with a relatively low 24-hour trading volume of $15.6 thousand.

With a circulating supply of 142 thousand WOW coins, Wownero’s growth, although not as explosive as others, demonstrates steady investor interest and potential for future gains.

5. MAGA (MAGA)

The Trump-inspired cryptocurrency MAGA (MAGA) has gained attention this week, even though it experienced a small decrease in value within the past day. Currently trading at $0.0002758, MAGA has experienced a 48.43% rise in the last week.

The coin has a market cap of $107.6 million and a trading volume of $78.6 million in the past 24 hours. MAGA’s performance in the current market conditions highlights its resilience and appeal, with 287.2 billion MAGA coins in circulation.

Conclusion

Despite the broader market’s turbulence, these memecoins have demonstrated significant potential for high returns. Investors in Byte, Hoppy, BEFE, Wownero, and MAGA have enjoyed substantial profits this week, reflecting the dynamic and unpredictable nature of the cryptocurrency market. As always, while these gains are impressive, potential investors should conduct thorough research and exercise caution, given the inherent volatility of memecoins.

The post Top Performing Memecoins with 10x-100x in Profits this Week appeared first on CoinGape.