- The cryptocurrency market has seen a significant rise, with Bitcoin reaching an all-time high of over $112,900 on July 10. This surge triggered substantial gains across a wide range of altcoins, with meme coins and select DeFi tokens recording daily increases exceeding 30%.
This market upswing comes as Ethereum also shows strength, surpassing the $2,780 mark with a gain of 6%, fueled by institutional interest and expectations of future network upgrades. This market-wide optimism has proven particularly effective for meme-based tokens, which are often seen as high-risk bets on the general sentiment of cryptocurrencies.
The Solana ecosystem has witnessed several meme coins among the top performers, including Popcat (POPCAT) and dogwifhat (WIF), which rose by over 15% and 13% respectively. Other notable coins in this category include Brett (BRETT) on the Base network, Snek (SNEK) on Cardano, and MOG Coin (MOG) on Ethereum, all of which recorded double-digit percentage increases.