- Bitcoin (BTC) was able to break above and remain above $35K over the past 24 hours.
- The meme coin sector benefited from BTC’s price pump as the sector’s valuation rose more than 3%.
- DOGE, SHIB, FLOKI, and PEPE were all able to record fair gains over the past 24 hours.
The meme coin sector received a capital injection over the past 24 hours as traders cashed in their profits from Bitcoin (BTC) and bought into the smaller-capped meme coins. According to CoinMarketCap, the market leader was changing hands at $35,291.17 after a 2.41% gain. This latest gain also pushed BTC’s weekly performance up to +1.65%.
The meme coin market followed suit, as the sector’s collective valuation rose 3.04% during the same period. Subsequently, the market cap for meme coins stood at $16,375,551,902 at press time. This increase was mainly driven by the largest meme coins in terms of market cap, as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) all posted 24-hour gains.
Meanwhile, the trading volume for meme coins also increased by 5.56% throughout the past day of trading. This boosted the total volume to $1,072,801,612 as a result.
Top 4 meme coins …The post PEPE, FLOKI, SHIB, DOGE Receive Boost After BTC Broke $35K appeared first on Coin Edition.