Bittime - Bitcoin halving has occurred but has not shown a significant price spike. However, on the other hand, memecoins are shining again with several tokens recording double-digit price increases in the last 24 hours.
Bitcoin Halving Dominates the Stage, but Memecoins Shine
Even though the Bitcoin halving made headlines last weekend, it wasn't Bitcoin that was the biggest winner in the crypto market movement. Instead, memecoins are leading the charge, with several tokens recording significant price spikes in the past 24 hours.
Dog-themed coins led the way, with Solana-based BONK surging 37% in 24 hours, hitting a price of $0.000021. This signals BONK's recovery from the decline experienced on April 12 along with most of the market.
On Ethereum, FLOKI jumped 19% to nearly $0.00017, and Shiba Inu (SHIB) rose 14% to above $0.000026.
Other hot memecoins included Ethereum's PEPE, up 13% to nearly $0.000006, and Solana-based Dogwifhat (WIF) which jumped 8% to around $3.00.
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Factors Driving Memecoin Price Increases
Traders may return to familiar memecoins, while others explore the new territory of tokens created through Runes, a new Bitcoin token standard launched alongside the halving. This protocol was created by Casey Rodarmor, the inventor of the Ordinals protocol which is similar to NFTs.
BTC/USDT Bitcoin Price Today
Source: Bittime.com
On April 22, 2024, the price of Bitcoin BTC/USDT was at $64,801 per coin, down 0.58% in 24 hours.
Also Read How To Buy Crypto:
Conclusion
Even though the Bitcoin halving moment has already occurred, newly launched memecoins and tokens with the Runes protocol are stealing the spotlight in the crypto market this week. This shows that there is still high interest and speculation in the market, even though there are various price movements. Do you think it's time to buy BTC or are you still waiting for a correction?
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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