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The upcoming bitcoin halving may signal an auspicious period for meme coins, leading to widespread speculation in the market. Learn how.
Over the past month, driven by a broader rally in the cryptocurrency market and investor optimism, meme coins have seen a significant rise.
As of November 7, Dogecoin (DOGE), often credited as the progenitor of the meme coin phenomenon, has seen a commendable rise in value, trading at around $0.07, representing a 24% gain over the course of the year. the last month.
Shiba Inu (SHIB), another notable player who has built on his “Doge Killer” nickname, is up 16% and trading at $0.000008.
Meanwhile, new entrants like Pepe (PEPE) have seen a significant increase in value, almost 66%, and are trading at a price level of $0.000001.
FLOKI (FLOKI), another meme coin that has capitalized on the crypto community’s penchant for themed digital assets, has soared nearly 72% in the last month, with its current trading price at around $0.00003.
This vitality is reinforced by broader market conditions, including stable interest rates and the planned bitcoin halving, which have fueled the meme coin rally.
Additionally, platforms like Binance have added some new meme coins, such as MEME, to their spot trading listings, which has further spurred market interest and activity around these tokens.