Bittime - The Bitcoin halving event brought a breath of fresh air to the crypto market, with institutional confidence returning to crypto assets and popular memecoins recording gains.
On the other hand, asset outflow occurred before the halving, triggered by negative market sentiment due to macroeconomic factors and miner movements.
However, these fears were averted and the graph shows most cryptocurrencies and memecoins are in the green zone.
The total cryptocurrency market capitalization reached $2.42 trillion, while the memecoin ecosystem reached $56.2 billion, marking a 0.2% increase in the last 24 hours. Here are some Memecoins that suddenly surged after the Bitcoin Halving.
Monku ($MONKU)
Monku ($MONKU) has been the hottest memecoin since Bitcoin experienced its halving, recording an incredible 233% price increase.
The recent surge in the value of this asset was fueled by the enthusiasm of the community on social media who are waiting for a new wave of investment to drive the next price increase.
Based on information from CoinGecko, the asset's daily trading volume reached $428,000. This low volume, on the other hand, indicates the asset's future growth potential.
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Pajamas Cat ($PAJAMAS)
$PAJAMAS occupies the second position as the most profitable memecoin currently. This asset has seen an incredible rise of 200.7% in the last 30 days, and its momentum shows potential to continue increasing.
Buyers are taking a big interest in $PAJAMAS, and its halving is predicted to further push its price up.
Price $ PAJAMAS
Pajamas Cat prices jumped 44% in the past week and 32.8% in the past two weeks. This decline in profits coincided with a large outflow of funds from Bitcoin and other crypto assets.
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Kabosu Inu
Kabosu Inu price experienced a rapid increase of 65.9% in the last 24 hours, continuing the positive trend that started before the halving.
This asset has shown movements in the opposite direction to the market over the last 30 days, when prices of other assets have generally fallen.
Ascension of Kabosu Inu
The increase in Kabosu Inu is significant, with a jump of 47% this week and 150.1% this month. This increase occurred after a change in market sentiment, where interest in memecoins increased again.
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Conclusion
Despite the rise in Memecoin, there were declines in other Memecoins such as Brett and Dogwifhat, with drops of 6.1% and 3.2% respectively on the day.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on 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 Complete Guide How to Buy Crypto 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.
Also Read:
BNB Price Prediction After Bitcoin Halving According to Crypto Academy
Bitcoin Developer Predictions: Will Runes Follow in Ordinals' Footsteps?
DISCLAIMER: This article is informational in nature and is not an offer or invitation 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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