#RamadanGiveaway Will Memecoins Return with a Big Bang; Market Cap Surpasses $50 Billion

Memecoins are once again the talk of the town, with the market cap surpassing the $50 billion mark, indicating a massive revival in the sector.

Previously dismissed as internet memes, these cryptocurrency assets are now making waves through a combination of speculation, community excitement, and growing mainstream awareness.

While Dogecoin retains its top memecoin throne, new competitors like Bonk and Fartcoin are rapidly gaining momentum.

Dogecoin (#DOGE ), the original memecoin, is trading at around $0.1840, up over 10% in the past 24 hours with a market cap of $27.94 billion.

Shiba Inu (#SHİB ) is also up over 6%, while Pepe (#PEPE ) is outpacing most of them with a gain of over 12%. In terms of market cap, Shiba Inu is worth $8.04 billion, while Pepe is worth $3.41 billion. These tokens are still popular among investors looking for quick returns amidst the broader market activity.

CoinMarketCap

Among other major meme coins, Bonk (BONK) and Floki (FLOKI) continued their remarkable performances, with Bonk gaining close to 9% in the last 24 hours to reach a market cap of $1.1 billion, while Floki is up more than 10%, taking its valuation to $664.19 million.

The fast-rising Fartcoin (FARTCOIN) has gained a lot of momentum, jumping more than 18% in a day and taking its market cap to $576 million.

Another gem that has been making waves in the memecoin space is the Trump (TRUMP) token. Priced at $11.80, the coin has gained more than 3% in the last 24 hours to reach a market cap of $2.36 billion.

Binance founder CZ warned investors about memecoins, later deleting his tweet after a $200 million surge in Broccoli-themed tokens on BNB Chain. CZ noted that while memecoins have attracted investors looking for quick profits, the ecosystem is still immature and has performance challenges.

Despite the ongoing boom, Dogecoin’s $88 billion peak in 2021 still seems low compared to its current $50 billion market cap.

#Trump:ILOVE$TRUMP #BNBChainMeme