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

📆 08/04/2024 13:49:00
📰 CryptoAmb

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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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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.
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