The altcoin season is following the recent price rallies of Bitcoin ($BTC) and Trump Coin ($TRUMP), and next on the menu appears to be memecoins. These digital currencies which are typically hyperlocal and crowd-fooled, have embarked on double-digit upward spiraling, drudging investors in their ludicrosity.
Popcat (SOL) made headlines with its impressive 28.14% one-day rise, bringing its price to $0.5507. This rally pushed Popcat’s market cap to a solid $539.52 million, while 24-hour trading volume surged to $87.21 million, up 28.77%.
In the last 24 hours, fan-favorite Bonk (BONK) rose 13.06% to $0.00003231. Boasting a market cap of $2.47 billion and an incredible $967.74 million in trading volume (a 49.38% increase), Bonk is demonstrating that its rise is no fluke to memecoin fans.
A memecoin AI16Z ($AI16Z) also jumped 31.32% to $1.20. It currently has a market cap of $1.31 billion with a 24-hour trading volume of $356.39 million. The memecoin sector has reaped these profits as the greater crypto market has also gone green.
The biggest cryptocurrency, Bitcoin (BTC), achieved $104,917.13, up an incredible 2.32%. Its market cap now is $2.07 trillion, with a 24-hour trading volume of $72.66 billion, an increase of 31.22%.
Even a newer, increasingly influential player, Trump Coin ($TRUMP), saw its price jump 9.14% to $41.28. A market cap of $ 8.25 billion and a trading volume of $15.64 billion (39.86% versus the previous day) show that this coin is borne out and has enormous attention on it.
The boom in memecoins can be traced back to the bullish mood in crypto land thanks to Bitcoin’s consistent upward trajectory and the popularity of Trump Coin. With the current bullish trend, all eyes will be on the four altcoins above.
