Meme Coin Kicks Off Bear Market Trend, Some Coin Up Double Digits!

Bittime - Meme Coin has proven itself as a crypto asset that cannot be ignored. In the last 24 hours, Meme Coin managed to reverse train a week-long bear market, with many meme tokens recording double-digit growth.

While Bitcoin struggled to build bullish momentum, Meme Coin largely managed to kick off the bearish trend and record significant gains.

Significant Surge of Meme Coin Price

One of the standouts in this surge was Popcat (POPCAT) from the Solana ecosystem, which surged 50% in 24 hours. Mog Coin (MOG) also recorded a price increase of 39%.

Additionally, Dogwifhat (WIF) bounced back by 25% after bottoming out in recent months, while PEPE and Floki (FLOKI) recorded gains of 13% and 11%, respectively. Bonk Token (BONK) also experienced an increase of 16%.

Meme Coin Hits Bear Market Trend

At a time when Bitcoin (BTC) is struggling to build bullish momentum, even recording a monthly low of $58,554 on June 24, Meme Coin is largely reversing the trend and recorded a double-digit increase.

Before the current bullish surge, Meme Coin was one of the biggest losers in the red crypto market. Dogecoin (DOGE) reflects broader market trends, achieving a price increase of 2.4% in the last 24 hours. On the other hand, Shiba Inu (SHIB) recorded a rise of only 0.15% on the daily chart.

Benefits for the New Meme Coin

The biggest beneficiaries of this bullish surge have been the new Meme Coins that have emerged in recent months. This latest push in the price of Meme Coin not only reversed the market trend, but also helped Meme Coin return to the news spotlight after many thought the meme token rush was over following its recent decline.

The Rise of WIF and PEPE

Dogwifhat (WIF), a Meme Coin that made headlines early in 2024 after reaching a market cap of $4 billion, fell to $1.47 earlier this week, and recorded its lowest point in months.

However, on June 25, the Meme Coin surged more than 25% to recover most of the losses from the previous week. The token price surged from a daily low of $1.47 to a daily high of $1.94, trading around $1.83 at the time of writing.

Apart from WIF, PEPE is also a major Meme Coin in the top 50 crypto rankings based on market capitalization recording double-digit growth in the last 24 hours. PEPE price rose from a daily low of 0.00001028 to a daily high of $0.00001198.

Trend of Meme Coins

Price surge This latest shows that Meme Coin still has great potential to move the crypto market. With a strong community and growing technological support, Meme Coin can continue to be a dominant force in the cryptocurrency world.

The bullish trend currently underway shows that even though the market is facing challenges, Meme Coin can bounce back and provide significant profits for its investors.

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Monitor graphic movement Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.