'Dogecoin Killer' Shiba Inu Pumps 15%, Pepe, Bonk, Floki Chasing in His Wake: What's Suddenly Happening to Meme Coins?

Meme coins have returned with strong profits in the last 48 hours, taking advantage of Bitcoin's return above $ 65,000.

What happened: According to Coingcko data, the market capitalization of Memes has increased by 18.5% in the last 24 hours, approaching the $ 55.9 billion brand. In comparison, the general cryptocurrency market increased by 2.9%, reaching an assessment of 2.3 billion dollars.

In particular, five meme coins—Pepe PEPE/USD, bonk Bonk/USD, shiba inu SHIB/USD, Floki Inu Floki/USDand Brett Brett/USDHe said among the ten best artists.

The increase in Meme currencies follows the breakcoin rupture above the $ 65,000 brand after more than a month of side operations. This positive impulse for the leading cryptocurrency occurred after the Federal Reserve reduced interest rates at 50 basic points, along with strong ETF tickets, which generated more than $ 600 million in just four days.

inotteblock data sample Large transaction volume for all bitcoin, Dogecoin DOGE/USDShiba Inu and Pepe increased significantly in the last 24 hours.

Also read: These 2 meme coins will show us if the 'mania' continues, says a trader: but they are neither DOGE nor SHIB

Why it is important: The positive performance has led traders to predict bull runs in the coming months for most meme coins.

They know how to trade crypto reiterated That Dogwifhat was an “excellent” meme coin, since it increased 50% since the last time the merchant suggested. It is currently above the 100 -day exponential mobile average, but it reaches the resistance of the 200 -day exponential mobile average. He added that if he falls back into the 100 -day exponential mobile average, it should be a good purchase opportunity.

Unipcs sees Floki as the strongest meme coin, driven by several catalysts:

• Floki plans to burn 50% of its income from negotiation bot, with the potential of an increase in income after the launch of Grafun, the main bot is promoted.
• The long -awaited Floki metoverso game will be released in November.
• With Floki recognizing the previous crypto cycle, a large influx of retail interest is expected soon.

Crypto Trader Master Kenobi saying Dogecoin to $ 1 could reflect the moment of $ 10,000 of Bitcoin in December 2017, when BTC increased from $ 10,000 to $ 20,000 in just two weeks.

He predicts that jumping from $ 1 to $ 2 could occur in a single day, or two maximum, which will make more than 99% of investors repent from their late ticket.

What's next?: It is expected that the influence of the MEME coins will be explored thoroughly in the next Future of Digital Assets event in Benzinga on November 19.

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