In recent trading sessions, meme coins have emerged as leading performers. Dogecoin (DOGE) and Pepe Coin (PEPE) spearheaded the rally, each securing over 100% gains. The rally underscores the considerable interest and investment in the meme coin sector.
Analysis by Santiment reveals that speculative activity on social media platforms is reaching historically high levels. The heightened market euphoria associated with meme coins could indicate both enthusiasm and risk for investors.
The noted gains in Dogecoin and Pepe Coin emphasize the volatility and rapid shifts observed in this niche of the cryptocurrency market. As they lead in weekly gains, market participants are closely watching the subsequent movements.
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