Pepe, Floki Lead Memecoin Rally With Double-Digit Gains - Beat Dogecoin, Shiba In Trading Volumes
Portfolio Pulse from Aniket Verma
Pepe and Floki lead a memecoin rally with double-digit gains, surpassing Dogecoin and Shiba Inu in trading volumes. Pepe hit a fresh all-time high and became the 21st largest cryptocurrency by market cap. Both coins saw significant large transaction volumes and increased daily active addresses, although a market correction is anticipated.
May 22, 2024 | 2:33 am
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POSITIVE IMPACT
Ethereum-based token Pepe saw a significant surge, becoming the seventh-most traded cryptocurrency, which could positively impact Ethereum's network usage and value.
Pepe's surge in trading volume and market cap highlights increased activity on the Ethereum network, potentially boosting Ethereum's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Solana-linked coin Floki saw a significant price increase, moving towards its all-time high, which could positively impact Solana's network usage and value.
Floki's price increase and trading volume highlight increased activity on the Solana network, potentially boosting Solana's value.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70