Top Memecoins Are Regaining Growth Momentum! Is the Meme Coin Frenzy Coming?

While the leading cryptocurrencies continue to struggle, the memecoin segment has increased by more than 16% in the past 4 days and is now valued at $56.32 billion. This has caused the top memecoins to surpass their key resistance trend levels. Moreover, top marketers and investors are speculating about a potential memecoin price surge in the coming months. Furthermore, questions such as "Is this a good time to invest in memecoin?" and "Will memecoin rise again?" In this article, we will explore an overview of the memecoin industry. Memecoin Market Rises 16% in 96 Hours After observing a price drop for a short period, the memecoin segment has finally shown a positive reversal. Notably, over the past week, this category has regained the $50 billion mark and is continuously rising. Dogecoin (DOGE)

The price of Dogecoin has shown a strong upward movement over the past seven days by increasing 23.84% to a high of $0.2054 ( today ) from a low of $0.1658 ( on the 21st of 3). However, it has decreased by more than 4.6% since then and is currently trading at $0.1959 with a trading volume of 1.97 billion. Shiba Inu (SHIB)

Shiba Inu, the second largest memecoin by market capitalization, has shown similar price action by skyrocketing ~25% in 7 days. However, it has decreased ~6% in the past 6 hours with a trading volume of 538.56 million dollars, changing +171.06%. Pepe (PEPE)

The third largest memecoin has captured the attention of the cryptocurrency space with a price increase of over 20% during this period. This has led to it surpassing a market capitalization of $3.5 billion with a daily trading volume of $951.55 million. Furthermore, with a listing price of $0.000008701, it has secured the 30th position in the market. Floki (FLOKI)

Another project like this is Floki memecoin. This Ethereum-based project has shown similar price potential by breaking through the important resistance level of 0.0000750 dollars. However, this price surge only lasted for a short time, and this memecoin has dropped ~5% within a few hours. With a trading volume of 146.73 million dollars and a price of 0.0000718 dollars, its market capitalization stands at 691.85 million dollars.

In summary: The volatility in the cryptocurrency industry is continuously increasing, considering the current market sentiment. Make sure to do your own research before investing in any digital asset as the memecoin segment is very uncertain and susceptible to pump-and-dump schemes.