Meme Coins Fuel Crypto Market Recovery, Bitcoin Follows
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Meme coins are leading a notable recovery in the crypto market. Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk have all shown significant price rebounds after a recent downturn that resulted in over $1 billion market liquidation. Dogecoin, being the most prominent meme coin, also saw a dip earlier in the week.
The recovery of these meme coins is a key factor in the overall market recovery. Bitcoin has also followed this trend, indicating a more general market uptrend influenced by meme coins. This resurgence underscores the volatile and unpredictable nature of the cryptocurrency market.
Source: coinedition.com ↗
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