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DOGE, SHIB, PEPE soar amid Bitcoin’s bull run: $100B market cap next?

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As Bitcoin [BTC] turned bullish, several meme coins, including top coins like Dogecoin [DOGE], Shiba Inu [SHIB], and PEPE.

Meme coins had already created buzz in the crypto space as their value skyrocketed in 2024, hinting that their total market cap might touch $100 billion this year.and DOGE, the largest memecoin’s price had surged by more than 5.5% in the last 24 hours and was trading at $0.207.

This rise pushed the meme coin’s market cap to $65 million. If the price pump continues, it won’t be a long shot to expect meme coins to touch the $100 million market cap by the end of 2024.To see whether the aforementioned meme coins would continue to push their prices up, AMBCrypto checked their on-chain data.

Nonetheless, the whales once again started to buy PEPE as, after a short drop, the meme coin’s supply held by top addresses increased.

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Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meme Coins Experience Value Drop in Bear MarketThe value of meme coins such as DOGE, SHIB, and PEPE has dropped in the bear market. DOGE was down by over 3% in the last 24 hours, trading at $0.1605. SHIB was down by more than 4%, trading at $0.00002905. PEPE's value plummeted by 11%, trading at $0.000008171. Market sentiments for DOGE and PEPE remained negative.
Source: CryptoAmb - 🏆 22. / 68 Read more »