After experiencing a massive fall in the market, the market bounced back once again, with the crypto-meme industry playing a significant role in supporting the overall cryptocurrency market with its strong performance. Amid the popular meme coins, Pepe (PEPE) and Bonk (BONK) experienced massive upside momentum of over 8% and over 15%, respectively.
PEPE and BONK impressive performance
Currently, PEPE is trading near $0.0000078, and in the last 24 hours, it experienced a massive over 8% upside momentum. Looking at the performance of PEPE over a longer period, in the last 7 days, it experienced over 55% upside momentum with the recent rise. However, in the last 30 days, PEPE remained stable due to challenging market conditions.
On the other hand, the Solana-based BONK is currently trading near $0.000028, and in the last 24 hours, it experienced over 15% upside momentum, helping the market to rebound. Over a longer period, in the last 7 days, despite massive challenges in the market, it gained over 100% upside momentum, while in the last 30 days, it experienced nearly 14% upside momentum.
Crypto-meme industry appearance
PEPE and BONK are the only two top crypto meme coins that have gained massive support from investors. However, other top crypto-meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are currently struggling to gain momentum. DOGE is trading near $0.15, and in the last 24 hours, it experienced over 2% downside momentum, while SHIB is currently trading near $0.000025 and in the last 24 hours, it experienced a 1.5% downside momentum.
Besides meme coins, the overall cryptocurrency market is neutral, and the 24-hour trading volume soared by 8%, showing investors’ as well as traders’ excitement and interest in the market. With their help, the recent market has rebounded, yet top cryptocurrencies like Bitcoin, Ethereum, Solana, and others are still struggling to gain momentum.
