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bitcoin surpassed $81,000, sending meme coins soaring amid buoyant cryptocurrency market sentiment following Donald Trump's election victory.
btc bitcoin/”>leap more than 2% in the last 24 hours and 17% in the last week to trade at $81,123.49 at 2:40 am EST. btc The bullish momentum spread to the meme coin space, leading to a 19% jump in the meme sector. market capitalizationaccording to CoinGecko.
<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2023/12/Top-meme-coins-on-Ethereum-Solana-Arbitrum-Avalanche-and-Optimism.jpeg" alt="Top meme coins on ethereum, Solana, Arbitrum, Avalanche and Optimism”/>
bitcoin surge skyrockets small cap tokens
Legacy coins memes such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Dogwifhat (WIF) posted strong gains in 24 hours. DOGE emerged as the best performer among the Big 4 meme coins with an increase of 23%.
But it was the smaller-cap altcoins that led the sector's rally. Act I The ai Prophecy (ACT) stole the show after it went on a rampage and surged over 1,177%. Newcomer Peanut The Squirrel came in second after posting a 250% increase.
Meanwhile, Sudeng (HIPPO), Kishu Inu (KISHU), and Dogelon Mars (ELON) posted gains of 33%, 26%, and 28%, respectively.
Cathie Wood Says Trump 'Disarming' SEC Will Likely 'Accelerate' US Economy
ARK Invest Founder and CEO Cathie Wood said Triumph “Disarming” the US Securities and Exchange Commission (SEC) after his election victory would likely “accelerate the US economy.”
she added in a x.com/ARKInvest/status/1855766736970383831″>video shared on x that Government spending cuts, tax cuts and a focus on technological innovation would also be key drivers of an economic resurgence under Trump.
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We are floored by the support coming in for PEPU!
26 million affected with no signs of slowing down, this community is number 1! pic.twitter.com/zyxceMDwxJ
— Pepe Unchained (@pepe_unchained) twitter.com/pepe_unchained/status/1855267731202838734?ref_src=twsrc%5Etfw”>November 9, 2024
Pre-sales of Meme coins are also being boosted by optimism over Trump's election victory in the United States. PEPE's new rival Unchained Baby (PEPU) has exceeded $26.6 million in funds raised in one of the most successful pre-sales in history. The token has added more than $1.6 million in just the last four days.
Another beneficiary of the Trump effect is FreeDum Fighters (DUM)a satirical PolitiFi token rushing towards $500,000 in funds raised in its pre-sale.
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- Staking Rewards – pepeunchained.com
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