The market is seeing a magnificent explosion of memecoins today, November 14th. Some meme coins are seeing epic rallies with gains of over 60% in the last day, such as PEPE and
ai16z (AI16Z).
Following the development Bitcoin's recent rise, most major cryptocurrencies are seeing significant price increases. The price of Bitcoin Today 14/11/2024 is showing a 4% increase trading above the $91 level. Recently, the asset reached a new level after breaking the $93 barrier for the first time and setting a new ATH. In a bullish spike, Bitcoin set its new all-time high yesterday at $93.477,11.
Bitcoin and the broader market reacted positively to the release of US inflation data yesterday. The recent price surge has pushed the cryptocurrency market cap to $3,148 trillion. In the same vein, the market cap of memecoins today stands at $126 million, representing an 8.6% difference in the last 24 hours.
The highlight among the 100 largest cryptocurrencies on the market is the Pepe token (PEPE) given its recent development marked by a dizzying rise amid today's market rally, exploding more than 60.5% in just 24 hours.
In an impressive rally over the past day, PEPE has surged over 60% in price to peak at $0,00002457, a new all-time high. At the time of publication, PEPE’s price is trading at $0,00002126, up an impressive 61.6% in the past 24 hours. In seven days, the third-largest memecoin has gained 103.5%.
Currently, PEPE is ranked 18th in the overall cryptocurrency rankings with a market capitalization of $8.898.897.917.
In a significant development over the past 24 hours, memecoins dogwifhat (WIF), Peanut the Squirrel (PNUT), Brett (BRETT), Mog Coin (MOG) have all seen gains of over 30%. Meanwhile, Popcat (POPCAT), cat in a dogs world (MEW), and TURBO have all gained over 20% in the same period.
It is worth remembering that, at the beginning of the week, memecoins also presented epic highs in the face of the bull market, led by Bitcoin.