These Two Big Meme Coins Are Booming Despite the Market Drop
pepe
-BONK_CB.jpg” />
TL;DR
- Despite the cryptocurrency market downturn on June 12, Pepe (PEPE) and bonk Inu (BONK) made significant gains, both up 10%.
- PEPE’s daily trading volume exceeded $1.2 billion, surpassing dogecoin (DOGE) and all other meme coins on this front.
The cryptocurrency market continues to lose blood today (June 12); Many leading digital assets are trending in the red, including Bitcoin (BTC), Ethereum (ETH), solana (SOL), ripple (XRP), Cardano (ADA) and more. .
But a few memes Coins broke out of the ongoing correction. Some of the brightest examples are Pepe (PEPE) and Bonk Inu (BONK), which recorded a 10% price increase on a daily scale. They are among the six largest meme coins in terms of market cap; The frog-themed one is in third place, and the Solana-based one is in third place. placed in sixth place.
PEPE Price, Source: CoinGecko
PEPE not only witnessed a significant price increase but also converted all meme coins into a single coin mother metric. CoinGecko’s data shows that the asset’s daily trading volume exceeds $1.2 billion. Dogecoin (DOGE) ranks second. with his figure It currently stands at around $1.1 billion.
Multiple industry participants noted: PEPE and BONK’s rallies predict further rises in the near future. user x Davie satoshi suggested The frog-themed meme said the coin bounced off a “multi-month support line” and is now heading for new highs.
Clifton Fx from their perspective mottled “Falling wedge formation on 6-hour time frame” for BONK. this pattern characterized By zooming in on trend lines where both the upper and lower lines slope downwards. It can develop over a period of time ranging from a few days to a few weeks and is considered a positive signal for the price. Therefore, Clifton Fx assumed that a “major bullish wave” might be on the horizon.
Consider the risks
Although it challenges the current market Following the correction, assets such as PEPE and BONK remain risky for investors due to their known volatility. Their prices, like the valuations of other meme coins, can quickly fall by double digits, causing painful financial losses for investors.
However, people should enter the ecosystem with due diligence and invest only what they are prepared to lose. For more important tips, please check out our exclusive video below:
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive a special $600 welcome offer on binance (full details).
LIMITED OFFER 2024 on bydfi Exchange: Welcome reward up to $2,888, use this link to register and open 100 USDT-M positions for free!
#Big #Meme #Coins #Booming #Market #Drop