Significant price increases: Memecoins gain momentum again

After the crypto market's crisis in recent weeks, the bulls seem to be taking the lead again. Bitcoin was up 12% from last week, and Ether up 11%. But the Memecoin sector was even stronger.

In particular, Pepe, the frog-coin on the Ethereum blockchain, made a spectacular 29,2% price gain over the past seven days. Close on its heels followed by dogwifhat (WIF) with a 28.6% gain.

The two largest and best-known Memecoins are also doing well. Dogecoin (DOGE) and Shiba Inu (SHIB) both achieved some 16% returns, despite their market capitalization of billions.

Memecoins are one of the big trends in the 2024 crypto market, achieving returns of more than 1,300% in the first quarter. Most recently, political Memecoins such as MAGA (TRUMP) received a lot of attention.