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Cryptocurrency News Articles

Meme Coins Are Posting Triple-Digit Gains After BTC Rally, What's Next?

Nov 20, 2024 at 06:44 am

Meme coins are gaining community traction after multiple tokens rebounded to 100X gains last week. Experts point to several ecosystems, including Solana

Meme Coins Are Posting Triple-Digit Gains After BTC Rally, What's Next?

Meme coins gained attention last week as several tokens soared to 100X. Experts highlighted ecosystems like Solana and Cardano as the focus shifted toward these volatile assets.

Rising Bitcoin prices sparked optimism in altcoins and meme tokens. The total meme coin market cap increased by 2% during intraday trading, while the crypto market rose by 1.6%.

Several analysts shared their top picks for tokens that could yield 100x gains within 24 hours. Among leading meme coins, HahaYes emerged as one of the biggest gainers, surging by 612%. This brought its gains to over 1000% in a week and a month as the community drove up interest in the asset. HahaYes is valued at $46 million, with daily trading volumes exceeding 38 million.

Wild Goat Coin (WGC) followed, posting over 100X in today'sの時間帯. These inflows led users to project a similar multiple by the end of the day.

Meme Coins Posting Triple-Digit Gains

WGC trades at $0.000642, notching an impressive 516% rally today and a 555% inflow in the last seven days. However, its market cap is lower than others at $4.4 million, with daily trading volumes of $465,000.

Urolithin (URO) was another asset that marked triple-digit gains today. Despite being a new asset, URO managed to attract bullish attention in a short period. As the market continued to push toward the green zone, some analysts pointed out the possibility of a correction if macro factors changed. URO rose by 226% in the past 24 hours.

Meme coins outperformed the market in the past 30 days, as expected. This was attributed to the swings recorded by these assets, with whales hoping to rake in quick gains. Recently, some traders picked up massive meme coin gains following listings and growth patterns. The high crypto asset traction contributed to positive movement in meme coins, indicating further potential for upward momentum.

“It seems we’ve entered a new phase of the memecoin cycle, with Litecoin now launching its memecoins on the Solana network, starting with $LESTER. This move highlights a major expansion in the memecoin space, as traditional coins look to capture the momentum. Solana has become the go-to platform for these types of projects, and Litecoin is leading the way,” Crypto Xlio noted on X.

News source:zycrypto.com

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