- The worth of Pepe has elevated by 80% within the final week and by greater than 140% in 30 days.
- FLOKI jumped 36% final week and 53% over the previous 30 days.
Pepe (PEPE) was the highest performing memecoin final week, rising greater than 80% to hit a brand new all-time excessive of $0.0000169 on Might twenty seventh. In the meantime, Floki (FLOKI) rose to $0.0002656 amid renewed momentum within the memcoin market.
PEPE and FLOKI result in the rise of meme cash
The worth of PEPE has risen by 14% within the final 24 hours, bringing the meme coin’s 30-day achieve to 140%. Throughout this era, Pepe surpassed one of the best coin memes.
On the time of writing, Pepe’s 24-hour buying and selling quantity was over $1.8 billion. Excluding stablecoins USDT, USDC, and FDUSD, Pepe’s quantity is the fourth largest after Solana, Ethereum, and Bitcoin.
The expansion exhibits that Pepe is consolidating its place because the third largest meme coin by market capitalization. At $7.1 billion, it is greater than double Dogwifhat’s ($3.1 billion), however behind the highest two, Shiba Inu and Dogecoin, at $14.6 billion and $24 billion, respectively.
Elsewhere, FLOKI’s worth is up 18% within the final 24 hours and 53% within the final two weeks, reaching a excessive final seen in March 2024.
The uptrend is strengthening as buyers have a look at the highest meme cash. Coinbase’s announcement of assist for FLOKI perpetual futures generated extra curiosity forward of the Might 30 itemizing.
Can FLOKI reap the benefits of this and different catalysts to achieve a brand new all-time excessive? There are bulls within the administration.
Learn extra: Analysts bullish on Floki as Pepe and Bonk staff up.
Crypto is optimistic forward of the US election
The previous week has been largely constructive for cryptocurrency following main regulatory developments within the US. The SEC has authorised spot Ethereum ETFs, and lawmakers have handed key crypto payments that consultants say sign a shift within the regulatory panorama.
Current statements of former US President Donald J. Trump’s sentiment on crypto boosted PolitiFi’s tokens.
Whereas ETH consolidated above $3,700 following the ETF information, it rose above $3,900 on Monday and will make a brand new excessive amid bullish predictions for Bitcoin (BTC) and the altcoin market.
On this case, the possible worth improve of PEPE and FLOKI is simply starting.
Different memecoins making waves available in the market as we speak are Bonk (BONK) and MAGA (TRUMP) with the latter up greater than 25% within the final 24 hours to hit a brand new all-time excessive above $13.