Baby Doge, SUN Soar as Meme Coins Join Broader Crypto Market Upswing

Most meme coins reflected gains on Thursday, joining Bitcoin (BTC) and Ether (ETH) in posting significant increases.

Most meme coins reflected gains on Thursday, joining Bitcoin (BTC) and Ether (ETH) in posting significant increases. As a result, the most sought-after meme coins are: Baby Doge Coin (1MBABYDOGE), Dogecoin (DOGE), Sun (SUN), Popcat (POPCAT), and Pepe (PEPE).

Baby Doge Coin and Sun Lead the Meme Coin Rally

Baby Doge Coin (1MBABYDOGE), a meme coin on the Binance Smart Chain (BSC), was trending on CoinMarketCap after being listed on Binance trading platform. The meme token was also added to Tokocrypto, Indonesia’s largest exchange, along with Bitget listing USDT-M Futures with up to 75x leverage.

As per CoinMarketCap data, 1MBABYDOGE is up 5.52% in the past 24 hours and is currently trading at $0.00223. Over the past week, the meme coin has risen 42.58%, outperforming most altcoins in the digital asset space. The cryptocurrency’s market cap is $322.82 million, while its trading volume is down 38.59% to $82.92 million.

Read also: Pump.fun vs. SunPump: DWF Labs Analyzes Memecoin Launchpads

Moreover, Sun (SUN) is up 0.57% in the past 24 hours, but the meme coin has seen massive gains of over 109.89% in the past month, surpassing its rivals in the sector. The cryptocurrency has a market cap of $240 million and is growing alongside the surge in popularity of the Tron blockchain following the debut of SunPump, Tron’s first meme coin platform.

DOGE, POPCAT, and PEPE Join the Rally

Dogecoin (DOGE), the largest meme coin by market cap, increased 2.69% in the past 24 hours and is trading at $0.1038 at the time of writing. Notably, the altcoin is up only 0.94% in the past week and is down 1.15% in the last 30 days. While the meme coin’s trading volume rose 28.26%, the token is still down 85.93% from its all-time high.

POPCAT posted a substantial 20.94% gain in the past 24 hours and is trading at $0.8656, up 38.13% in the past week. Furthermore, the meme coin saw a 71.04% increase in its price in the last 30 days, despite the broader market’s slowdown. In the same vein, PEPE rose 5.66% and is trading at $0.057763 at the time of writing. It is the third-largest meme coin by market cap, which currently sits at $3.27 billion.

The post Baby Doge, SUN Soar as Meme Coins Join Broader Crypto Market Upswing appeared first on Coin Edition.

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