/ Discover the latest insights of the crypto market today: Bitcoin (BTC) is on parabolic ride, While BONK, DOGE and PEPE leading rally.
Author: Nilesh Hembade
Date: 29 Feb 2024, 10:19 AM IST
Cryptocurrency fans are celebrating today after Bitcoin (BTC) skyrocketed in value, reaching a price not seen since late 2021! This exciting jump, surpassing the $62,000 mark, is believed to be fueled by a surge of investment through a new type of investment called a SPOT ETF.
However, Bitcoin wasn’t the only digital asset making waves in the crypto sphere. Memecoins, known for their playful origins and often whimsical branding, showcased their own impressive rallies, spearheaded by the likes of Pepecoin (PEPE), Dogecoin (DOGE), and Bonk (BONK).
Bitcoin (BTC) and Ethereum (ETH) Prices:
As of today, Bitcoin (BTC) has surged by a remarkable 9.11%, reaching a staggering $62,338 within the last 24 hours, with its market capitalization standing proudly at $1.23 trillion. Ethereum (ETH), Bitcoin’s closest rival, has also witnessed a notable uptick, trading at $3,442, reflecting a 5.52% increase in the last 24 hours, with a market cap of $414 billion.
Memecoins on the Rise:
1) Bonk (BONK):
The price of Bonk (BONK) has continued its remarkable rally, experiencing an astonishing surge of 54.24% within the last 24 hours, reaching $0.00002155. The market cap for Bonk (BONK) now stands at an impressive $1.40 billion, showcasing the fervor surrounding this memecoin. Over the past week, BONK has surged by a staggering 89%, further solidifying its position as a noteworthy player in the crypto market.
2) Dogecoin (DOGE):
Dogecoin (DOGE) has also witnessed a substantial surge, with its price jumping by 33.28% to $0.1273 within the last 24 hours. Despite its origins as a playful meme, DOGE has garnered significant attention and investment, reflected in its market cap of $18.37 billion. Over the past week, DOGE has surged by an impressive 51.93%, highlighting its enduring popularity among crypto enthusiasts.
3) Pepecoin (PEPE):
Similar to its counterparts, Pepecoin (PEPE) has seen its value continue to climb, experiencing a surge of 17.57% within the last 24 hours, reaching $0.000003193. With a market cap of $1.38 billion, Pepecoin (PEPE) has captured the imagination of investors seeking to capitalize on the meme coin craze. Over the past week, PEPE has surged by an astonishing 184%, showcasing its rapid ascent in the crypto market.
In conclusion, the cryptocurrency market is once again ablaze with excitement and anticipation as Bitcoin embarks on a parabolic journey, while memecoins like Bonk (BONK), Dogecoin (DOGE), and Pepecoin (PEPE) ride the wave of investors.