The cryptocurrency market showed signs of recovery this week, with meme coins recording the most significant gains. A rise in positive sentiment has lifted most of the major cryptocurrencies, triggering bullish signals around the new tokens. The positive trajectory is evident in the 2.6% daily increase in bitcoin (BTC), bringing weekly flows into the
positive zone.
The total capitalization of the cryptocurrency market exceeded 2.58 trillion dollars, an increase of 1.58%.
As expected, meme coins were the biggest beneficiaries, with tokens recording gains of more than 500%. Even the main meme coins recorded decent numbers, with a total market capitalization of 67 billion dollars. Solana and dog-themed tokens have also seen significant inflows. Here are three meme coins that recorded 400x gains
.
Table of Contents:
Feels Good Man (FGM)
FGM is at the top of meme coin earnings in the last 24 hours, with an increase of more than 1000%. This massive influx followed a series of weekly positive movements that saw larger inflows into cryptocurrencies. The asset has gained 968% this week and 1064% this month. Currently, the price of FGM is $0.00003549, bringing its market capitalization to 2.32 million dollars, while daily volumes
continue to grow.
WSB Coin (WSB)
WSB Coin registered a 430% increase today, in line with other meme coins. The price of the asset is currently $0.00002614 after positive short-term numbers. This week, WSB posted gains of 157% and saw inflows exceeding 700% this month. However, intraday trading has reduced a portion of its market capitalization, which at the time of writing is 1.6 million dollars with daily volume increasing
.
AMC (AMC)
The price of AMC is up 350% today, trading at $0.00985. Although the asset did not reach 400% in earnings, users focused on this token, pushing its price with positive momentum. The coin joins the main meme coins recently launched with dizzying inflows. According to CoinGecko data, the volume of the last 24 hours of AMC is 2.7 million dollars, as the bulls try to push up the markets
.
Conclusion
Bitcoin and altcoins recorded gains while the top 20 assets by market capitalization saw inflows. However, Chainlink, Tron, and Near Protocol experienced losses in the market during these periods. Meme coins continue to show enormous growth potential, attracting the attention of investors looking for quick and significant earning opportunities. With an evolving market, meme coins represent a dynamic and intriguing component of the cryptocurrency ecosystem
.
