Memecoins Defy Bitcoin’s Lead and Rally Ahead

Krutika Adani

Memecoin Markets Gain

Despite the bearishness in the broad markets, memecoins have gained in the last couple of days.

Running Opposite to Bitcoin

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.

Top Reasons

The current memecoin rally stems from strong fundamentals such as increased network activity, greater adoption and their thematic appeal.

Top Gains in H1, 2024

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.

Five Most Bullish Memecoins

This week, the top memecoins with the largest gains were Jesus Coin, Popcat, Mogcoin and Mong Coin.