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Cryptocurrency News Articles
Crypto Market Roars in March: Dogwifhat, Core, Jupiter, Pepe, and Floki Soar with Triple-Digit Gains
Apr 01, 2024 at 07:10 pm
In March, the cryptocurrency market experienced a notable uptrend, with the global market cap rising by over $250 billion. Among the top performers, Dogwifhat (WIF), Core (CORE), Jupiter (JUP), Pepe (PEPE), and Floki (FLOKI) surged with triple-digit percentage gains. Dogwifhat emerged as the standout, rallying 362% and setting new price milestones.
March Crypto Market Surge: Dogwifhat, Core, Jupiter, Pepe, and Floki Emerge as Triple-Digit Gainers
The cryptocurrency market witnessed a significant bullish surge during the month of March, with a notable inflow of capital bolstering the global market capitalization by over $250 billion. Amidst this market buoyancy, five prominent mainstream assets stood out with exceptional triple-digit percentage gains: Dogwifhat (WIF), Core (CORE), Jupiter (JUP), Pepe (PEPE), and Floki (FLOKI).
Dogwifhat (WIF): Solana-Based Meme Coin Surges to Millions
Launched in November 2023, the Solana-based meme coin Dogwifhat (WIF) took center stage this month, exhibiting a remarkable bullish momentum that transformed modest investments into considerable gains.
WIF's uptrend commenced in late February, with its price trading within the $0.3 range. Driven by Bitcoin's rally, the cryptocurrency surged past $1 for the first time on March 1, reaching a high of $1.33.
Despite market headwinds, WIF extended its rally, encountering minimal resistance as it surged to a peak of $3.55 on March 15. The cryptocurrency briefly retraced to $2 until March 24, before resuming its uptrend.
WIF's sustained momentum allowed it to end the month above $4, representing a remarkable 362% gain from its starting point below $0.4. CoinMarketCap data confirms WIF's status as the top performer among the top 100 assets.
Core (CORE): Surge from Lows to Impressive Gains
Launched in February 2023, Core (CORE) initially faced a sharp decline after public trading commenced. Despite the positive market trend that began in October 2023, CORE struggled to recover from this setback.
The downtrend continued through January and February, with CORE reaching a low of $0.56 on March 22. However, the latter part of the month brought a change in fortune, as CORE staged a recovery from this low.
The cryptocurrency surged 167% from $0.56 on March 22 to $1.5 on March 30. The majority of CORE's gains came on March 31, with the cryptocurrency ending the day with an impressive 86% gain and a closing price of $2.59. CORE's overall monthly increase of 299% made it the third-largest gainer among the top 100 assets.
Jupiter (JUP): Steady Ascent from DeFi Aggregator
Jupiter (JUP), the native token of the Solana-based DEX aggregator of the same name, has experienced a stellar year since its debut in January. Following an initial spike to $0.6, JUP consolidated throughout most of the year until March, when it embarked on a series of modest price rallies.
A gradual but steady uptrend allowed JUP to reach $0.98 by March 14, approaching the $1 mark. An impressive 27% increase on March 15 pushed the cryptocurrency to a high of $1.2. Jupiter encountered resistance as it extended its rally to $1.61 on March 18, leading to a period of consolidation.
As the month drew to a close, JUP broke above the consolidation phase, ending the month above the psychological $1.7 level. With a 192% gain over the past 30 days, Jupiter stands as the fourth-biggest gainer among the top 100 assets. Additionally, it has seen a 38% increase over the past week.
Pepe (PEPE): Meme Coin Continues to Garner Interest
Pepe (PEPE), the second meme coin on this list, has sustained investor interest. The uptrend recorded by Pepe in March marked its second dominance in social media trends, attracting significantly high trading volumes.
Pepe's uptrend persisted for 19 days, allowing it to establish a new all-time high of $0.00001084 on March 14. This represented an astounding 810% increase from its price of $0.00000119 on February 24. Like other assets, PEPE experienced a decline after reaching its peak.
Having fallen below the $0.00001 level, PEPE is currently consolidating around $0.000008. While it has dipped 2.54% over the last 24 hours, PEPE maintains a 151% increase for the past month, securing its position among the top 5 gainers.
Floki (FLOKI): Resurgence in Meme Coin Mania
Floki (FLOKI) secured a place among the top 5 gainers of March, following a price trajectory similar to that of Pepe. Both assets witnessed substantial gains during the meme coin mania that swept the market from late February to early March.
Floki's initial rally resulted in a high of $0.0001742 on March 4. The meme coin retraced and consolidated for three days before resuming its uptrend, pushing towards an all-time high of $0.00031387 on March 14. A subsequent pullback saw FLOKI decline to $0.00016.
The cryptocurrency quickly recovered from this correction. Despite facing resistance in its attempt to reclaim the $0.0003 level, Floki has retained most of its March gains. The cryptocurrency closed the month with an impressive 302% increase, making it the second-largest gainer over the past 30 days.
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