Bitcoin led the way: Memecoins hit the gas straight!

Bitcoin (BTC), which has been priced upwards since $64,500, paved the way for the rise in memecoins.

Bitcoin, which recently corrected to $64,500, caused a huge decline in the altcoin market. Later, the leader of the cryptocurrencies, which entered the recovery phase, added strength to the altcoins by jumping above $ 69,000. While many altcoins increased by nearly 10 percent, it did not go unnoticed that these projects were generally joke projects.

## Memecoin detainees showed themselves again!

Memecoins, which are among the best trends of the recent period, have proven themselves again with the rise of the market. According to CoinMarketCap, there are four recreational cryptocurrencies in the top 10 of the "Most Rising Cryptocurrencies" list in the last 24 hours.

dogwifhat (WIF), the shining star of the Solana ecosystem, ranked third on the list with an increase of 9.56 percent. Dogecoin (DOGE), which recorded an increase of 7.83 percent, ranked eighth. The ninth place was taken by Pepe (PEPE) with an increase of 7.05 percent, followed by Floki (FLOKI) with an increase of 5.30 percent.

This trend, stimulated by the upward trend of BTC, is closely followed by many crypto investors. Offering greater earning opportunities compared to other projects naturally brings the memecoin category to the fore. This area, which is one of the oldest trends in the crypto industry, seems to make a name for itself, especially in the 2024 bull.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.