PEPE Coin Leads Meme Coin Surge as Bitcoin Breaks $65K

• Bitcoin has recently surged past $65,000, a milestone it hadn’t reached in nearly a month, trading at $64,700.
• Meme coins continue to gain traction, although their gains have slightly weakened compared to yesterday’s performance.
• Among these, PEPE has stood out, demonstrating a significant upward trend.

Explore Bitcoin’s new heights and the impactful performance of meme coins like PEPE, WIF, DOGE, and SHIB in the current dynamic market.

PEPE Coin and WIF Performance

PEPE, which had previously experienced multiple all-time highs before sliding, has seen a notable resurgence as of June 2024. While many meme coins showed modest single-digit increases, PEPE sustained its momentum with a 1.44% price rise to $0.00001245 in just the last hour. Over the past 24 hours, it registered a remarkable 15.87% increase, reaffirming its leading position in the market.

Moreover, within the past week, PEPE’s value has soared by over 37%. Its market cap has again surpassed the $5 billion mark, with trading volumes surging to over $2.333 billion, reflecting significant market activity.

Meanwhile, WIF has continued to attract attention by maintaining a price above $2, marking a stable progress. Over the past 24 hours, WIF has increased by 5.95%, trading at $2.17. Its market cap has reached $2.165 billion, with a trading volume of $773 million, indicating robust performance.

How Are DOGE and SHIB Performing?

As the volume leader among meme coins, DOGE has delighted investors with continued upward momentum. Today, it posted a 2.53% increase, building on yesterday’s 6.88% rise, and was trading at $0.1257 at the time of writing. DOGE’s market cap now stands above $18 billion, with its trading volume hitting $1 billion.

SHIB, a significant competitor to DOGE, has also shown impressive performance. In the last 24 hours, SHIB’s price has climbed by 4.28%, reaching $0.00001942. Ongoing token burns are fueling investor optimism, with many expecting accelerated growth influenced by the anticipated Shibarium project.

Conclusion

The recent resurgence of PEPE and the steady gains of WIF, DOGE, and SHIB underscore the dynamic nature of the meme coin market. Bitcoin’s rise past $65,000 has instilled further optimism among investors. As these trends unfold, the meme coin sector continues to demonstrate its potential for sustained growth and development within the broader cryptocurrency landscape.