Meme Coin Market Rally: Brett, Floki, and Base Dawgz Surge
Meme Coin Market Rally: Brett, Floki, and Base Dawgz Surge
The meme coin market is heating up this week, with multiple tokens in the top 10 meme coins posting double-digit gains. $BRETT and $FLOKI are leading the way with returns of 9.0% and 10.8%, respectively, in the past 24 hours alone. At the same time, new meme coins are getting a rush of enthusiasm as well. New base meme coin Base Dawgz just raised $3 million in its ICO, and analysts are making bullish predictions about its launch.
Top Meme Coins Rally, Ending August Bear Market
It’s not just $BRETT and $FLOKI that are posting gains this week. All of the top 15 meme coins by market cap are in the green over the past 24 hours, and 8 of the top 10 have posted gains over the past 7 days. That’s an impressive turnaround considering that just last week, the meme coin market was hemorrhaging value. The meme coin sector fell from a market cap of $52 billion in late July to just $36 billion over the weekend.
- Most major meme coins remain down between 15% and 30% since the bear market began in late July, so there’s a long recovery ahead.
- But the good news for traders is that all signs are pointing to sustained momentum.
- $FLOKI has seen its trading volume double in the past 24 hours, while sentiment and momentum indicators are clearly bullish.
- $BRETT saw its volume spike to $100 million on Tuesday compared to less than $17 million the day before.
In another bullish sign for the meme coin market, leading crypto exchange Binance just listed Solana token $POPCAT. This token is up 33% in the last 24 hours of trading, and its chart is still pointed skyward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.