Meme coins surge, led by Dogwifhat and newcomer Smog, as Bitcoin and altcoins rally. The market capitalisation of meme coins has soared by 15% in the last 24 hours alone, reaching $46bn. Leading the rally is Dogwifhat, with a 46% increase in the past 24 hours, reflecting sustained interest in Solana meme coins and signalling potential momentum for Smog. PepeSol, another newcomer, has seen an extraordinary surge of 1,075%, indicating the growing popularity of Solana-based meme coins. The surge in meme coins is part of a broader altcoin season, where the market follows Bitcoin’s lead, aiming to catch up with its rapid ascent.

Source: The North Africa Journal March 07, 2024 09:30 UTC