Meme coins have been thrust into the spotlight once again as the controversial MELANIA token makes headlines once again. A Fortune report shows a group of traders that bought millions of dollars worth of MELANIA gained nearly $100 million in profits by selling the meme coin at its peak.
Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) rallied alongside Bitcoin (BTC) as the largest cryptocurrency beat the $100,000 milestone and climbed past the resistance on Thursday. DOGE, SHIB and PEPE’s price dipped slightly, down 2%, 1.60% and 3.51% on the day.
Table of Contents
Dogecoin, Shiba Inu and Pepe rally
Bitcoin is back above $100,000 ignites crypto bull run
MELANIA makes headlines for wrong reasons
Dogecoin, Shiba Inu and Pepe price forecast
Top 5 meme coins to watch
Dogecoin, Shiba Inu and Pepe rally
The top three meme coins ranked by market capitalization observed nearly double-digit gains on Thursday after Bitcoin crossed the $100,000 milestone. DOGE, SHIB and PEPE gained 10%, 9% and 23% on the day, breaking past key resistances on the daily timeframe.
On Friday in the early hours, the three meme coins erased part of their gains and faced a correction, likely a result of profit-taking by traders.
The two dog-themed cryptocurrencies and the internet meme based-frog are in the spotlight as traders’ portfolios
