Krutika Adani
Despite the bearishness in the broad markets, memecoins have gained in the last couple of days.
Previously, almost every other crypto used to follow Bitcoin’s lead. Even in their early 2024 rally, memecoins followed Bitcoin's lead. However, lately, they seem to have broken this relationship.
The current memecoin rally stems from strong fundamentals such as increased network activity, greater adoption and their thematic appeal.
Pepe, dogwifhat, Bonk and Floki were the top percentage gainers this year, and the top market cap gainers in 2024 were Dogecoin, Shiba Inu, and Pepe.
This week, the top memecoins with the largest gains were Jesus Coin, Popcat, Mogcoin and Mong Coin.