Solana’s BONK, PPBLZ, Popcat Join Memecoin Frenzy Led By Doge, Shiba Inu As Bitcoin Nears All-Time High
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While Bitcoin (CRYPTO: BTC) hit a new all-time high against the euro on Monday, the memecoin market experienced a significant rally, exceeding a $52 billion market capitalization within 24 hours.
What Happened: Leading memecoins like Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and PepeCoin (CRYPTO: PEPE) saw impressive gains, with Dogecoin and Shiba Inu exceeding 18%.
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PepeCoin surged over 32%, briefly surpassing a $3 billion market cap. Solana’s BONK (CRYPTO: BONK) also contributed with a 28% increase.
According to CoinGecko, the memecoin market cap reached $53.1 billion, reflecting a 17% daily rise.
Also Read: Bitcoin Options On Horizon? Grayscale Pushes For Regulatory Approval
Kabosu Inu (CRYPTO: KABOSU), Pepemon Pepeballs (CRYPTO: PPBLZ), and Popcat (CRYPTO: POPCAT) were among the top gainers, jumping over 150% each.
Bitcoin Breaks New Euro Barrier
Bitcoin surpassed €60,000 for the first time on Monday, marking a historic moment against the euro. This 5% surge from its intraday low pushed Bitcoin to its current value of €59,981, representing a 56% year-to-date increase.
Previously, Bitcoin had broken the €53,000 mark in late February and achieved new highs against various fiat currencies, including the Chinese yuan (CNY), recognized as the world’s largest fiat currency by market capitalization.
Read Next: Dogecoin Climbs 10%: What If You Had Invested $100 At Its All-Time Low Prices?
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Wow! The S&P 500 hit an all-time high. Tech and health sectors are red hot. Now’s the time to learn Nic Chahine’s 411% gains-with-options secret. Grab his free report now.
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