BONK, WIF, PEPE and others roll in double figures.

TL; DR

Meme coins such as Bonk Inu, dogwifhфat and others are seeing significant price increases, while the leaders Dogecoin and Shiba Inu show more modest gains. Analysts are predicting a further rally for the asset class following the recent Bitcoin halving, which has historically led to market growth.

Meme coins in the spotlight

Meme coins are crypto's rock stars during this bull cycle, many of which have seen significant price increases over the past few months. Today (April 24) is another green day for most states.

Leading properties of this type, including Solana-based Bonk Inu (BONK). dogwifhat ( YF ), Cat in a World of Dogs ( MEW ), and BOOK OF MEME ( COME ) experienced daily price increases of 27%, 17%, 23%, and 12%, respectively.

Pepe (PEPE) – the third largest coin in the world terms Market capitalization – jumped by 15%, but FLOKI is about 14%.

of The biggest Assets within the group – Dogecoin (DOGE) and Shiba Inu (SHIB) – trailed behind with very modest increases. Elon Musk's favorite token is up 2% daily, while its rival has seen little-to-no price movement in the past 24 hours.

The total market capitalization of the meme coin sector is currently over $58.5 billion, an increase of 4%. Compared to the image shown above April 23.

Expectations for more parades

Some analysts have recently listed speculation that SHIB, DOGE, WIF and many other token coins may experience a more significant bull run. coming soon. One reason such a scenario could be in the cards is last week's Bitcoin halving.

The event, following the reward of miners for verifying blocks on the blockchain They are cut In half, historically the A Main The resurgence of the entire cryptocurrency market.

For example, DOGE was worth less than a penny in 2020, halved in 2020, but a year later it was worth $0.70.