Following the highly anticipated Bitcoin halving event, the overall value of the crypto market dropped by 1.32% within hours. However, amidst this decline, several meme coins saw significant gains, including Duko (DUKO), PepeFork (PORK), and Byte (BYTE).
Duko, as reported by crypto data aggregator CoinMarketCap, surged over 76% in the last 24 hours, reaching a trading price of $0.002852 at the time of writing. With a trading volume of $6,285,822, Duko is now ranked as the #448 most traded token in the crypto market. This increase in price has been part of a larger trend observed over the past few weeks. In the last seven days, Duko’s value has risen by more than 122%, and over 14 days, it has seen a growth of 32.5%. Despite these impressive gains, its current price remains nearly 34% lower than it was 30 days ago.
PepeFork (PORK), ranked #591 in terms of market cap, also experienced a positive shift, gaining over 11% in the last 24 hours and currently trading at $0.00000001998. However, over the past seven days, PORK has seen an 11.6% decrease in value, and over 14 days, it has dropped by almost 38%. The 30-day chart reflects a decline of more than 56%.
Byte, a meme coin inspired by Elon Musk’s announcement about naming his next pet dog “Byte,” also saw an increase in value. According to CoinMarketCap, Byte rose by 12.3% in the last 24 hours of trading. However, compared to a week ago, the value of BYTE has decreased by 0.9%. Over 14 and 30 days, Byte is respectively 12.1% and 41.7% below the price it previously held in those time frames.
While lower-capped meme coins like Duko, PepeFork, and Byte performed well post-halving, more popular tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and Pepe (PEPE) experienced losses. WIF, in particular, recorded a 6.7% drop from its price 24 hours ago, currently standing at $2.75.
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