Meme coins are making a comeback as Bitcoin surpasses $57,000 for the first time since 2021. Pepecoin (PEPE), an Ethereum-based meme coin, attracted attention with its price soaring by a whopping 55%. Shiba Inu and Bonk Inu. However, Solana’s Dogwifhat (WIF) took the spotlight, surging a whopping 50% in the last 24 hours.
Pepe’s incredible 43% gain
PEPE has captured the attention of traders and analysts alike due to its surprising performance following its recent surge. The meme coin witnessed a significant price surge reaching $0.0000022, reflecting an incredible 55% rise in one day. This surge was accompanied by a significant increase in trading volume, which surged 377% to an impressive $806 million.
Pepecoin’s price surge can largely be attributed to its recent listing on Bitstamp, a well-established and regulated cryptocurrency exchange.
However, the recent surge in PEPE prices is exceeding even the predictions of seasoned analysts. Last January, analyst Ali hinted at a potential breakout, suggesting PEPE could reach levels between $0.0000016 and $0.0000019.
Bitcoin Impact on Dogwifhat (WIF)
Dogwifhat (WIF), a meme-inspired cryptocurrency on the Solana blockchain, has surged 56% in the past 24 hours to hit a new all-time high of $0.571, rebounding from a February 24 low of $0.285.
This impressive surge was largely influenced by Bitcoin, which has regained the $57,000 level and seen a 32% price increase since the beginning of the year.
In addition to meme coin enthusiasts, one cryptocurrency trader recently garnered attention for turning a small $310 investment into an impressive $1.4 million windfall through a strategic investment in WIF tokens.
This success story adds additional excitement to the current market frenzy due to the resurgence in meme coin prices.