#BigTechStablecoin
The capitalization of memecoins rebounds after several days of decline.⬆️💥💥
This week was characterized by notable volatility in cryptocurrency prices. However, this Saturday seems to improve the outlook due to new developments in the drama of trade relations between China and the United States. In the particular case of the so-called memecoins, market capitalization recovers part of the ground lost in recent days.
About $3.5 billion dollars flowed into the memecoin sector from GMT: 00:30 to GMT: 16:30 this Saturday. As reflected in data from CoinMarketCap, the market capitalization of meme coins grows to $59 billion at the time of writing this note. This represents a +1.94% in 24 hours.
This improvement contrasts with the performance that these tokens experienced in recent days. In fact, despite the recent strong rise, the weekly quote remains in the red numbers for most major meme coins.
For example, in the case of Dogecoin, its +1.85% so far is not enough to reverse the negative figures of 7 days, which stand at -4.66%. It is important to highlight that the recovery of the market capitalization of memecoins in recent hours causes the sector as a whole to have a performance of +7.3% in 24 hours. These latest figures are reflected on the Artemis portal.
According to this site, in 24 hours, meme coins are the third best-performing sector in the crypto world. In this ranking, they are just behind the tokens of the oracle and staking services sector, which each have 7.6%.
