Memecoin on the rise
Bitcoin remains crushed by selling pressure around $61 thousandEthereum follows it closely hoping to catch up $3,500but the altcoin sector is already trying to recover the week’s losses.
In particular, the memecoin, whose category reacted with an important boost to double-digit percentages. Talk about it +7.54% of the entire sector in 24 hours, with leading tokens growing by up to 30% in a single day.
Pepper (PEPPER) and dogwifhat (WIFI) are the best performing among the most capitalized, up respectively by 17.5% and 16.9% in 24 hours, and the best numbers are from the newcomers Brett (BRETT) and Mog Coin (MOG), with +26.3% and +28.2%.
Only the previous day, the category was fell by 7% in reaction to the decline in BTC, and the least capitalized ones suffered significant losses, even over 25%.
Also in the same period of time, long leveraged positions were liquidated 315 million dollarsand it is precisely the riskiest assets that seem to have been affected by this shock.
Investors aren’t giving up on memecoins
In a moment of high volatility, memecoins demonstrate how the crypto market is particularly sensitive to the mood of the communityand it is not surprising that the most optimistic have already flocked to bet on the sector.
Obviously, it is difficult to make predictions about the movements of the next few days, but it is clear that investors have not lost the desire to look at memecoins for hope for a significant increasewaiting for BTC to recover.
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