Meme tokens recorded a fresh rally on Tuesday as Bitcoin (BTC) breached the $57,000 price level. The world’s biggest crypto’s ongoing surge helped the top altcoins to break through the resistance as the inflow of funds jumped. In this foray, Pepe (PEPE) token turned out to be the biggest gainer among the top 100 crypto tally in the last 24 hours.
PEPE becomes biggest gainer
According to the data, PEPE price jumped by around 60% over the last 24 hours. Its trading volume saw a major pump of 390% as it stands at $840 million. However, PEPE has managed to maintain its tag as the trendiest token in the meme tokens category.
Pepe price managed to gain 82% in the last 7 days. It is trading at an average price of $0.0000021, at the press time. The token is holding a market cap of around $900 million,
Bitcoin price leap helped other meme tokens to surge. Dogecoin (DOGE) and Shiba Inu (SHIB), the top two meme coins have been dealing with uncertain market situations. However, both the tokens followed the BTC’s lead to bag big gains. BTC price is up by a whooping 10% in the last 24 hours. It is trading at an average price of $56,557, at the press time.
Meme tokens losing allure?
Dogecoin price jumped by 13% in the last 24 hours. This surge led the DOGE to gain momentum and print a 20% gain in the last 30 days. DOGE is trading at an average price of $0.095, at the press time. Its 24 hour trading volume is up by 200% to $890 million. However, the community is now expecting the biggest meme crypto to erase one zero by attaining a $0.10 price level.
On the same side, Shiba Inu, once the most searched crypto on the internet, is trying to find some ground in the market. SHIB gained more than 10% in the last 24 hours. It is important to note that its price has dropped by around 2% in the past 60 days.
Shiba Inu is trading at an average price of $0.00001, at the press time. Its 24 hour trading volume is up by 202% to stand at $397 million.
The cumulative meme tokens market cap bagged a gain of 13% over the last day. It now stands at $25.16 billion. This category’s trading volume is up by 181% in the last 24 hours to stand at $3.35 billion.
