Without a doubt, the month of March has been special for the cryptocurrency market, with impressive price rises for several cryptoactives amid expectations of growth and positive sentiment in the community.
Os memecoins, in turn, have skyrocketed in prices in recent months, recording price explosions while the two largest cryptocurrencies on the market, Bitcoin (BTC) and Ethereum (ETH), have recently reached price peaks. Cryptocurrencies Floki (FLOKI), Pepe (PEPE), Bonk (BONK), Shiba Inu (SHIB), Dogecoin (DOGE) and Dogwifhat (WIF) stood out with impressive growth amid astronomical highs.
Memecoins showed a price recovery in the last day, with Dogwifhat leading the gains of this type of cryptocurrency in the last 24 hours. At the time of publication, the price of Dogwifhat was quoted at US$3,25, up 42.6% in the last 24 hours.
The other memecoin that saw an impressive rally in the last 24 hours was Bonk (BONK) which increased its price by 20.6% and was trading at $0,00003528. The PEPE token was trading at US$0,059803, up 12.6% in the same period.
At the time of publication, the price of Dogecoin was quoted at US$0,1852 with an increase of 8.5% in the last 24 hours. Shiba Inu, in turn, was traded at US$0,00003292, showing a timid increase of 2.8%. With an increase of 1.8% and a value of US$0,0002752, the meme cryptocurrency FLOKI had the lowest growth among memecoins in the last 24 hours.
Cryptocurrency analytics platform Santiment noted that meme cryptocurrencies experienced another big day with Bitcoin hitting a new price record. “Memecoins had another big day with Bitcoin’s All Time High surpassing $73,6. With each rise in $BTC in March, it appears that profits are quickly being redistributed to speculative assets with low liquidity.”
🤣 #Memecoins had another big day as # Bitcoin's #AllTimeHigh notched above $73.6K. With each $ BTC rise in March, it appears profits are quickly being redistributed to speculative assets with low liquidity. track #memecoin metrics on this useful watchlist: https://t.co/XgaeFiQ8XG pic.twitter.com/9bl4L2TVbm
- Santiment (@santimentfeed) March 13, 2024
