The post Are Memecoins the Next Big Thing? PEPE, WIF, and BONK Breaking Every New All-Time Highs! appeared first on Coinpedia Fintech News
Memecoins with relatively low values are stealing the spotlight in the cryptocurrency world. Overshadowing big-cap meme coins like Dogecoin and Shiba Inu, these small-cap meme coins, such as PEPE Coin (PEPE), dogwifhat (WIF), and BONK, have surged to new heights in recent weeks.
Recently, Pepe, BONK, and WIF have all entered the exclusive billion market cap club. Pepe boasts a market cap of $4.47 billion, marking a gain of 16.20%, while Bonk’s market cap currently stands at $2.23 billion, with an impressive gain of 18.32%.
Additionally, Dogwifhat (WIF) has emerged as a newcomer with a market cap exceeding $3.27 billion, showcasing an impressive gain of 40%.
Amidst this surge, the trading volumes for PEPE Coin have skyrocketed, garnering attention from crypto enthusiasts. With a value gain of 50%, the 24-hour trading volume for PEPE Coin now stands at $2.48 billion. Despite this surge in trading volumes, the current PEPE coin price reflects a 14% increase, reaching $0.00001053
Meanwhile, dogwifhat (WIF) has surged by 38% in the past 24 hours, hitting a new all-time high of $3.3. Perhaps the daily trading volumes for dogwifhat have also doubled to $851 million.
Over the past two weeks, the price of dogwifhat has soared by an impressive 700%. Notably, plans are underway for a high-profile display of Dogwifhat’s mascot, featuring a “Shiba Inu-themed” design, in the Las Vegas skyline, following a successful fundraising effort exceeding $650,000.
Moreover, Solana-based meme coin BONK has surged by 20% in the past 24 hours and is currently trading at an all-time high of $0.000036. Eventually, BONK’s recent rally follows its listing on top crypto exchanges like BitMEX, with gains over the past two weeks reaching an impressive 170%.
As meme coins continue to make headlines, investors are drawn to their potential for high returns. A leading on-chain data provider, Santiment reports a significant uptick in meme coins as investors seek alternative assets with the potential for exponential growth.
The surge in meme coin popularity reflects a broader trend of diversification within the crypto space, as investors look beyond traditional cryptocurrencies for investment opportunities.