Meme cash have gained bullish momentum once more as traders shift focus to altcoins. One of many newest additions to the class, dogwifhat (WIF), leads the highest gainers’ record with double-digit features.
WIF is up by 43% up to now 24 hours and is buying and selling at $3.23 — marking a brand new all-time excessive — on the time of writing. The meme coin’s market capitalization is at present hovering at $3.22 billion, making it the Forty fifth-largest digital asset.
The Solana-based dog-themed token’s each day buying and selling quantity registered a 104% rally, reaching $774 million.
On March 10, one of many main contributors to the meme coin’s promoting marketing campaign, generally known as Ansem on X, stated the advert is totally funded. Per the X submit, the workforce behind the WIF motion collected over $690,000 in USDC to promote the meme coin on the Sphere in Las Vegas.
Furthermore, the most important meme coin, Dogecoin (DOGE), gained 8.35% over the previous day and is at present buying and selling at $0.187 — a degree not seen since December 2021.
Dogecoin’s surge got here after the billionaire Teslas CEO hinted at enabling DOGE funds for buying Tesla’s electrical automobiles.
Shiba Inu (SHIB) additionally recorded a 2.3% hike up to now 24 hours and is buying and selling at $0.000033 on the reporting time. SHIB’s market cap is at present $7 billion away from DOGE’s and is at present sitting at $19.9 billion.
Moreover, Pepe (PEPE) recorded 20% over the previous day and briefly touched a brand new all-time excessive of $0.0000107 at round 06:00 UTC on March 14. PEPE is at present buying and selling at $0.0000105 with a complete market cap of $4.45 billion.
FLOKI can be getting near its all-time excessive of $0.00034 in November 2021. The meme coin is at present buying and selling at $0.00029.
In line with knowledge from CoinMarketCap, the whole meme cash’ market capitalization elevated by 7.3% up to now 24 hours and is sitting at $65.5 billion on the time of writing.
The entire 24-hour buying and selling quantity of the class additionally surged by 35% and is hovering at $12 billion.