Growing expectations that the U.S. SEC will authorize ETFs has pushed Bitcoin up by more than 25% over the past weeks to around $35,000 – its highest level in about 18 months.Notably, memecoins also soared to new heights during this market upswing.Let's see which coins rallied and why.
3 Main reasons why memecoins rallied, along with Bitcoin- Popularity among retail investors due to their fun appeal.- Modest market capitalizations make them prone to significant price surges.- Having engaging communities boost demand and price appreciation.
Top 3 Memecoins that rallied#1 Pepe(PEPE)#2 Dogecoin (DOGE)#3 Shiba Inu (SHIB)
#1 Pepe (PEPE)
PEPE is a crypto developed as a tribute to Pepe, the Frog internet craze.It is a decentralized crypto that may be used for transactions and as a governance token for the PEPE community built on the Ethereum network.
DOGE originated as an open-source, P2P crypto; designed to be a faster, more cost-effective alternative to BTC.A new block is generated on the Dogecoin blockchain in one minute only, unlike Bitcoin’s ten minutes.
Shiba Inu operates on a decentralized network that utilizes blockchain technology to manage and track transactions. It runs on the Ethereum blockchain, providing the safety and functionality of the platform.