Highlights:
- Dogecoin surges 79% in a week, driven by Elon Musk’s influence and government efficiency initiatives.
- PEPE climbs 95% following major exchange listings on Coinbase and Robinhood, boosting visibility and demand.
- Dogwifhat sees a 60% rise, fueled by Coinbase listing, with analysts predicting it may surpass the $5 mark.
The cryptocurrency market is slightly bullish today after yesterday’s bear market run. The global crypto market cap is now at $3.03T and has increased by 4.22% in 24 hours. Bitcoin is leading this recovery and is trading at around $91000, up by 3.70% in the last 24 hours.
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The recent rise in the Bitcoin price demonstrates increased investor optimism. The meme coin market has seen a slight increase in the past 24 hours. The sector has a market capitalization of $126 billion and has risen by 8% within the last day.
Meme coins are ideal investments given the rising price of Bitcoin in the market at the moment. They offer low entry points and high profitability potential. These coins thrive on vibrant communities which makes them attractive to investors. Here are the best meme coins to invest in today: Dogecoin, PEPE, and Dogwifhat.
1. Dogecoin (DOGE)
DOGE is currently trading at $0.3796 and the price has risen by 3.10% in the last 24 hours. Its market capitalization is $55.69B and its average daily trading volume is $10.47B. The current circulating supply is around 146.81 billion DOGE.
The price of Dogecoin has increased by 79% in the past week. This surge comes after President-elect Donald Trump declared the creation of the Department of Government Efficiency and appointed Elon Musk and Vivek Ramaswamy as the heads.
A $258 billion lawsuit against Elon Musk for supposedly influencing the price of Dogecoin has been dropped by the investors. This legal clarity has also enhanced the validity of the coin hence creating confidence in Dogecoin.
🚨 BREAKING: Lawsuit accusing Elon Musk of rigging $DOGE ends as investors drop their appeal and legal motions. pic.twitter.com/QDvSEzZSjq
— DigitalNomad. (@DigitalNomad419) November 16, 2024
Dogecoin is among the cryptocurrencies with an active community and a major social media following. Its connection to Elon Musk has boosted its appeal mostly after the November 5 election.
2. Pepe (PEPE)
PEPE is trading at $0.00002208, up by 9.5% in the last 24 hours. It has a market capitalization of $9 billion and a daily trading volume of $7.86 billion. The circulating supply is approximately 420.69 trillion PEPE tokens.
The price of PEPE has risen by more than 95% within the last week. This massive surge corresponds to its new listings in two exchanges. Coinbase listed PEPE yesterday and this has triggered a massive increase in its price. Moreover, Robinhood has listed PEPE and this move will help to increase its market visibility.
Coinbase list $FLOKI $WIF $PEPE
Coinbase maximum bullish with memecoin season 🔥 pic.twitter.com/g16yTbqeSy
— Han Ji Ahn (@hanjiahnn) November 15, 2024
3. Dogwifhat (WIF)
WIF is trading at $3.77 which is a 4.31% increase in the last 24 Hours. It has a market capitalization of $3.73 billion and has a 24-hour volume of $1.22 billion. The circulating supply is about 998.84 million WIF tokens.
In the past week, the price of WIF has risen by over 52%. The increase can be attributed to its latest listings in a major exchange platform. Coinbase recently listed WIF which has prompted a significant increase in the token’s price.
WIF listed on coinbase
BTC 92k
Feds raid polymarket ceo crib
Dead squirrel added a billi
All in 1 day, greatest show on earth.
There is no better world to be in pic.twitter.com/vGYEIZzCXA
— Paul | Bullofthedip (@bullofthedip) November 14, 2024
The listing has helped improve its visibility to new investors. Analysts have predicted that WIF will cross the $5 mark soon if the current market sentiment continues. These three memecoins offer the best investment opportunities in the market today.
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