Meme Coin Bull Market: BONK, WIF, PEPE, and Others Spike by Double Digits
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 24 2024- Meme Coins Surge: Meme coins like Bonk Inu, dogwifhфat, and others are experiencing significant price increases.
- Market Performance: Leading meme coins such as Dogecoin and Shiba Inu show more modest gains compared to other meme coins.
- Market Capitalization: The total market capitalization of the meme coin sector has surpassed $58.5 billion, showing a 4% increase from April 23.
- Expectations of Rally: Analysts predict a potential further rally for meme coins like SHIB, DOGE, and WIF following the recent Bitcoin halving event.
- Bitcoin Halving Impact: The recent Bitcoin halving, which historically led to market surges, is seen as a factor that could contribute to the potential bull run for meme coins.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
