The weekend dawned with frenzied exercise in meme cash, spearheaded by a newcomer among the many pack. The positive factors got here on the again of broad-based power seen within the cryptocurrency area.
The Movers: Solana SOL/USD-based, dog-themed meme coin Dogwifhat WIF/USD, which launched in November 2023, led the positive factors among the many meme cash. Ultimately verify:
- WIF rose 17.63% over the previous 24 hours to $3.47.
- Dogecoin DOGE/USD climbed 14.88% to $0.1613.
- Floki FLOKI/USD surged up 14.26% to $$0.0001955.
- Pepe PEPE/USD rose 11.23% to $$0.000008846.
See Additionally: High 10 Meme Cash To Look Out For In 2024
What’s Driving The Rally: Meme cash have been on an uptrend since late April and the power was sustained for a lot of the week amid the Federal Reserve’s price resolution and Jerome Powell’s dovish feedback.
The weekend acceleration got here as some publications reported that Elon Musk’s electric-vehicle firm Tesla would settle for fee for sure merchandise in Doge on its on-line store. This, nonetheless, will not be a brand new growth.
Crypto analyst Ali Martinez predicted on Wednesday that Doge could possibly be priming for a bull run. Sharing a long-term chart of the crypto on X, previously Twitter, he mentioned the meme coin was tracing a sample, which has been a precursor for the bull runs prior to now.
Learn Subsequent: Trump-Themed MAGA Memecoin Plans To Rival Dogecoin And Shiba Inu With ‘4 Extra Years Of Catalysts’
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