As memecoins surge on July 6 amidst a broader cryptocurrency market rally, Bitcoin (BTC) attempts to stabilize above $57K. Notably, meme cryptocurrencies are seeing significant gains today following a pronounced market recovery.
Currently, memecoins boast a market capitalization of $44.256 billion, marking a 4.7% increase in the last 24 hours. During this period, trading volumes for memecoins reached $5.239 billion.
In the wake of recent market developments, memecoins have staged a remarkable comeback, experiencing notable gains over the past day. Shiba Inu, Dogwifhat (WIF), Bonk (BONK), Popcat (POPCAT), and Turbo (TURBO) have all surged by more than 10%. Particularly noteworthy is the BILLY memecoin, which has rallied by 36.7% during the same timeframe.
Over the last 24 hours, the top four memecoins — Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Dogwifhat (WIF) — have all shown substantial gains, bringing relief and optimism to investors after recent market downturns.
Notably, Gay Pepe, Jeo Boden, and Chudjak have emerged as today’s biggest gainers within the memecoin market, each experiencing explosive increases. GAYPEPE has surged impressively by 98.7% to reach $0.065072 per token, while BODEN and CHUD have appreciated by 51.1% and 39.3% respectively over the same period.
Recent studies have identified the 10 most profitable memecoins, with MOG and PEPE standing out prominently in terms of profit percentages for investors. According to cryptocurrency analytics platform IntoTheBlock, MOG and Pepe (PEPE) have the highest percentages of holders in profit, despite the broader market decline. Meanwhile, DOGE and SHIB continue to exhibit resilience with a significant number of profitable holders.
Highlighting the most profitable memecoins currently on the market, Mog Coin (MOG) leads with 85.5% of holders in profit, followed closely by Pepe (PEPE) at 78.53%, and Floki Inu (FLOKI) at 78.41%, according to recent surveys.
Disclaimer: The opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in cryptocurrencies carries inherent risks of financial loss.
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