Amid the market slowdown, four cryptocurrencies are emerging on the rise today, April 17, trading with profits exceeding 10% in the last 24 hours. Interestingly, the four cryptocurrencies are memecoins, highlighting the quite remarkable development of this type of crypto asset amid significant growth and greater investor adoption in recent months.
Given this scenario, cryptocurrencies memes that are trending today they are: Jeo Boden (BODEN), PUPS, Degen (DEGEN) and MAGA TRUMP. Memecoins are attracting attention for being one of the few traded in the green, on April 17th.
At the time of publication, the price of Jeo Boden (BODEN) was quoted at US$0,6916, up 29.3% in the last 24 hours. The cryptocurrency's trading volume in the last 24 hours was $12.373.359. Currently, the BODEN token ranks 10th in the memecoin market with a market capitalization of US$477.424.106.
The memecoin Degen (DEGEN) also showed significant growth in the last day with its price appreciating 17.8% when trading at US$0,02716. PUPS, in turn, registered an increase of 15.6%, being quoted at US$55,43. Furthermore, the MAGA memecoin (TRUMP) followed the rise shown by other meme cryptocurrencies and was quoted at US$5,26 with an increase of 13.4% in the last 24 hours.
The memecoin market has shown impressive growth in recent months due to the entry of new players and a meteoric rise in prices that has won over a portion of industry investors. Currently, the memecoin market capitalization is $48.991.049.977, with a 3.4% retracement amid the recent market crash. Furthermore, the volume recorded in the last 24 hours is $5.057.883.063.
It is worth remembering that cryptocurrency market began a sharp decline recently following geopolitical tensions in the Middle East last weekend. Cryptocurrencies experienced a bull run on April 15, with the approval of Bitcoin and Ethereum (ETH) exchange-traded funds (ETFs) in Hong Kong, however, the market subsequently fell again.
