Can the meme coins rally again? Dogecoin, Shiba Inu and Pepe dip slightly
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 Dogecoin
13.08%
Dogecoin, Shiba Inu Shiba Inu
SHIB
14.56%
Shiba Inu and Pepe Pepe
41.66%
Pepe rallied alongside Bitcoin Bitcoin
3.53%
Bitcoin 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.
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
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