Meme Coins Surge as Bitcoin Hits $57K: Pepecoin and Dogwifhat Lead the Rally

The post Meme Coins Surge as Bitcoin Hits $57K: Pepecoin and Dogwifhat Lead the Rally appeared first on Coinpedia Fintech News

Meme coins are making a comeback as Bitcoin surpasses $57,000 for the first time since 2021. Pepecoin (PEPE), an Ethereum-based meme coin, has taken center stage with an impressive 55% surge in its price, outshining popular meme coins like Dogecoin, Shiba Inu, and Bonk Inu. However, Solana’s Dogwifhat (WIF) steals the spotlight, experiencing a remarkable 50% surge in the last 24 hours.

Pepe’s Remarkable 43% Gain

Following a recent surge, PEPE has captured the attention of traders and analysts alike due to its remarkable performance. The meme coin witnessed a substantial price surge, reaching $0.0000022, reflecting a remarkable 55% increase within a day. This surge was accompanied by a significant uptick in trading volume, surging by 377% and reaching an impressive $806 million.

This surge in Pepecoin’s price can be primarily attributed to its recent listing on Bitstamp, a well-established and regulated cryptocurrency exchange. 

However, the recent surge in PEPE’s price has surpassed even the predictions of seasoned analysts. Back in January, analyst Ali hinted at a potential breakout, suggesting PEPE could reach levels between $0.0000016 to $0.0000019.

Bitcoin’s Impact on Dogwifhat (WIF)

Dogwifhat (WIF), a meme-inspired cryptocurrency on the Solana blockchain, has surged by 56% in the last 24 hours, hitting a new all-time high of $0.571, rebounding from a low of $0.285 on Feb. 24.

This impressive surge is largely influenced by Bitcoin, which reclaimed the $57,000 level and showcased a 32% price increase since the beginning of the year. 
Beyond the meme coin mania, a crypto trader recently turned heads by transforming a modest $310 investment into an impressive $1.4 million windfall through strategic investments in WIF tokens.

This success story adds an extra layer of excitement to the current market frenzy, fueled by the resurgence of meme coin prices.