Bitcoin Price Prediction as Meme Coin Market Recovers – Time to Buy?

Arslan Butt

Last updated:

May 2, 2024 16:35 EDT

| 4 min read

As the meme coin market shows signs of revival, Bitcoin also displayed robust market activity, trading at approximately $59,140 with a 24-hour trading volume of about $35 billion.  The cryptocurrency has increased by around 3.25% in the last day, mirroring the gains seen in the recovering meme coin market.

With its market capitalization holding steady at roughly $1.16 trillion, Bitcoin maintains its status as the leading digital asset amidst fluctuating economic indicators and legislative changes.

Meme Coin Market Recovers.

Popcat (POPCAT).

The meme coin market is experiencing a resurgence, with several smaller cryptocurrencies posting impressive gains. Among these, Popcat (POPCAT) stands out with its notable market movements.

Currently priced at $0.5891, Popcat has a market capitalization of approximately $577 million. It has generated significant trading volume, amounting to around $136 million in the last 24 hours. The coin’s circulating supply is about 231 million POPCAT.

In terms of recent performance, Popcat has surged by over 31% in the last day alone, showcasing strong market interest and potential for further gains. This recovery poses intriguing possibilities for investors considering the meme coin sector’s current uptrend.

Toshi (TOSHI).

Toshi has experienced a notable rise, currently priced at $0.00038. It boasts a market capitalization of around $153 million and has seen trading volume of approximately $2.11 million over the last 24 hours.

Toshi’s circulating supply stands at roughly 5.63 billion coins. The coin has recorded nearly 24% increase in the past day, signalling strong investor interest.

Coq Inu (COQ).

Another player in the meme coin market is trading at a much lower price point of $0.000002718. With a market cap of about $189 million and a 24-hour trading volume of $5.57 million, Coq Inu shows a more modest daily gain of 1.53%. Its massive circulating supply of over 2 trillion COQ reflects its abundant availability.

Pepe (PEPE)

Pepe priced at $0.000007616, has a significantly higher market capitalization of approximately $3.2 billion, making it one of the larger entities in the meme coin category. In the last 24 hours, Pepe’s trading volume has reached about $1.23 billion. Despite its...

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