MEMECOINS SHOW A SOLID RETURN AMID THE RETURN OF MARKET BULLS
Memecoins make a huge comeback in the cryptocurrency industry as the entire market begins an upward trend on the back of Bitcoin exchange-traded funds (ETFs).
FLOKI and PEPE witnessed a massive increase in prices and were observed to outperform major coins including Ethereum.
Market sentiments also confirmed a surge in Dogecoin (DOGE) as it recorded a 7.76% gain in its daily trading volume to $217.2 million.
Generally, the entire cryptocurrency market is experiencing an upward trajectory, being led by large assets like Bitcoin and smaller coins including memecoins. On a 24-hour timeframe, coins including PEPE and FLOKI have experienced impressive gains since the weekend ending October 29th.
Among the reasons promoting this bullish market attribute is the growing interest fueled in spot Bitcoin exchange-traded funds (ETFs). Investors’ appetites have grown as expected SEC approval is likely and will soon follow changes to ETF filings by major crypto players.
