Crypto Spotlight: PEPE, FLOKI, POPCAT Coins Surge with Double-Digit Gains, Leading Meme Coin Revival

  • The meme coin sector has seen a significant resurgence, with top coins Dogecoin and Shiba Inu up by 7% and 8%, respectively, and others witnessing over 20% gains.
  • The total market capitalization of the cohort briefly surpassed $55 billion, although it is known for rapid and often volatile price changes.

The meme coin sector is experiencing a resurgence, with leading coins Dogecoin and Shiba Inu witnessing significant gains. However, the volatile nature of these assets means investors should remain cautious.

Meme Coins Surge

The meme coin sector has experienced a substantial revival in the past 24 hours, with numerous assets moving well into green territory. The leading ones by market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – are up by 7% and 8%, respectively. However, many others have outshined them with much more impressive gains. The frog-themed Pepe (PEPE) soared by over 20% and hit a new all-time high price. As of the moment, it is the third-largest token in the realm, with a market capitalization of approximately $4.3 billion. Other coins such as Floki Inu (FLOKI), Popcat (POPCAT), and MAGA (TRUMP) have also climbed by double digits. On the other hand, the Solana-based Cat in a Dogs World (MEW) is among the very few, charting minor declines.

Stay Careful Nonetheless

Meme coins are often the first to rally substantially when the market starts heating up. Significant price increases in a short period of time offer investors the chance of making huge profits. However, price swings in the opposite direction are also frequent, meaning traders should be utterly careful when delving into the matter. If you are about to enter the ecosystem, please check our dedicated video to secure yourself from some common mistakes:

Conclusion

The resurgence of meme coins has brought significant gains for investors, but the volatile nature of these assets means caution is necessary. As the market continues to evolve, it will be interesting to see how these meme coins perform in the long run.

BREAKING NEWS

Bitcoin Fills CME Futures Gap as Buyers Scoop $110,000 Dip; Glassnode Signals Strong Accumulation

Market reports indicated that Bitcoin continued to test a...

Ethereum (ETH) Bull Case Fuels Citizens’ “Outperform” on SharpLink Gaming (SBET) — $50 Target Implies 200% Upside

According to CoinDesk on October 16, investment bank Citizens...

Whale Flips $140M BTC Short into $156M ETH and BTC Longs — ETH Tops with $79.25M Position

On October 16, COINOTAG reported that on‑chain analyst Ai...

Bitcoin Digital Asset Treasuries Spark Bubble Fears — Tom Lee Warns DAT May Have Already Burst

COINOTAG reported on October 16 that, citing Fortune, the...

Whale Boosts Bitcoin Long to $34.75M (312.81 BTC) on 5x Leverage After $140M Short Flip

COINOTAG reported on October 16 that on-chain analyst Ai...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img