The meme coin sector dominated recently as most coins exploded, recording impressive gains. The total meme coin market capitalization has surged to $48 billion, while the trading volume is at $4.79 million. Meme coins such as Apu Apustaja (APU), Ben the Dog (BENDOG), and michi ($MICHI) have led to the memecoin explosion.
michi ($MICHI)
$MICHI is trading at $0.1666, up by more than 22% in the past 24 hours with a weekly surge of 15% despite the monthly decline of 36%. The market capitalization and trading volume stand at $92 million and $26 million, respectively.
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Crypto analyst Dex has highlighted a resurgence in meme-based cryptocurrencies, with $MICHI leading the charge. According to his chart analysis, $MICHI has been trading on a descending channel for some period, but the bulls have corrected the trend, forming a bullish breakout.
Tailed my boy @xurdai with the $MACHO call
Looks very nice here, memes are starting strong again and $MICHI ran really hard
Think this can have a clear path to run to $2 million should all go well
Send it https://t.co/mUYoUWHYZt pic.twitter.com/yw4qHIDHFx
— Dex🃏 (@DexterVro) June 25, 2024
Dex suggests that $MICHI could soar to a staggering $2 million valuation if the bullish trend holds. Investors should monitor market conditions to anticipate whether this bullish momentum will propel $MICHI to new heights.
Apu Apustaja (APU)
Apu Apustaja is an internet meme resembling a poorly drawn Pepe the Frog. The name means “Help Helper.” Launched on Ethereum’s mainnet, it has gained popularity recently. This meme coin features a unique design and origin, appealing to a niche audience and standing out in the meme world.
APU has been on a roll caster ride today, gaining over 20% in the past 24 hours as the meme coin sector rallied. As of this writing, APU is trading steadily, climbing to $0.0005033. Over the past week, APU has still been down by 6%, while the monthly decline remains at 20%. The trading volume and the market cap have soared to $23 million and $157 million, respectively.
Recently, the APU community celebrated a significant milestone as APU was listed on ByBit Perpertuals, marking a key moment in its journey. Trading for APU is already live on the platform, signaling enhanced accessibility for traders.
Hi Frens! 🐸
Today is a very special day for the Apu Community. We are extremely pleased to announce that Apu has now been listed on ByBit perps 🎉! Trading is already live, check it out yourself here https://t.co/32TxUY3w2Y
From RugPull to Tier 1, can you name a better story… pic.twitter.com/wbfwRAOZBb
— Apu Apustaja (@ApusCoin) June 20, 2024
This listing underscores APU’s transition from early challenges to achieving Tier 1 status in the crypto market. The community anticipates this move will bolster APU’s position in the market, positioning it for future growth and driving the price higher.
Ben the Dog (BENDOG)
BENDOG displayed a bullish outlook, surging from $0.02645 to $0.0309, recording an increase of more than 7% on the daily chart. Over the past week, BENDOG has surged by more than 20%. Recently, BENDOG set a new all-time high on the monthly chart, gaining over 260% at $0.07350. Currently, BENDOG is trading at $0.0288 with a market cap of $28 million.
According to crypto analyst CryptoMindCapital, bullish market sentiment for BENDOG/USDT has identified a LONG entry opportunity at the 0.5 Fibonacci retracement level. The current price action aligns with crucial Fibonacci retracement levels, suggesting potential for upward movement if key supports hold firm.
https://x.com/KopfRuhe/status/1805865196558164156?ref_src=twsrc%5Etfw
Key correction levels at 0.382 and 0.5 should be closely monitored, as they present optimal entry points for interested investors. The analyst has set target zones, foreseeing potential upward trajectories towards the 1.618 and 1.809 Fibonacci extensions.
The price dynamics reflect strong adherence to Fibonacci levels, and market participants anticipate further bullish momentum if current support levels hold steady.
Conclusion
With bullish momentum returning after recent declines, these coins have shown impressive gains, highlighting renewed investor interest and optimism in the meme coin sector. Should the bullish momentum hold tight, these coins are set to climb to new highs, setting up the pace in the meme coin market.
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