Saturday’s trading activity showcased a tale of bullish momentum and a resurgence of interest in digital assets, propelling the overall cryptocurrency market cap up by a notable 7.77% to a staggering $2.37 trillion.
The meme coin sector was not left behind, experiencing a 16.7% increase in the past 24 hours, pushing the sector’s value to $57.7 billion, as reported by CoinGecko. Let’s take a look at some of the standout performers.
Dogwifhat stole the spotlight among big-cap meme coins, with the Solana-based cryptocurrency witnessing a remarkable 23% surge in the last 24 hours and an impressive 28.65% increase over the past week. Launched on Nov. 20, 2023, Dogwifhat (WIF) is currently trading at $3.37, boasting a market cap just above $3.4 billion, positioning it as the fourth-largest meme coin and 33rd in the overall crypto market.
Floki, another dog-themed token, saw its price surge to $0.0001994, marking a significant 21.58% increase in the past 24 hours. Additionally, Floki’s price has soared by 18.11% over the last seven days, showcasing sustained upward momentum since its launch in September 2021.
Dogecoin (DOGE), a beloved canine-inspired digital asset, experienced an impressive 20.27% surge in the last 24 hours, currently trading at $0.159. Over the past week, DOGE, similar to Dogwifhat and Floki, continued its upward trajectory with a substantial 10.46% increase in price, according to CoinMarketCap data.
Other meme coins also saw double-digit gains in the last 24 hours, with Shiba Inu (SHIB) surging by 11.98% to trade at $0.00002553, Pepe (PEPE) witnessing a remarkable 16.69% increase over the past week, and Bonk (BONK) seeing its price rise by 11.51% to reach $0.00002915.
In the midst of these impressive price actions, Solana is predicted to surpass its all-time high despite a decline in activity, according to experts.