Why are Altcoins Like Pepe, Floki, Monad Going Up?
A crypto rally is underway, with the market capitalization of all tokens jumping to over $3.1 trillion. Pepe Coin (PEPE) jumped by 32.3%, with its 24-hour volume soaring to $1.5 billion.
Monad price jumped by 20% to $0.02650 with a 24-hour volume of $247 million. Floki and other meme coins like Mog Coin, SPX6900, Popcat, and Memecoin jumped by double digits.
Crypto Rally Boosted by Meme Coins
The ongoing crypto rally is happening as investors pile into meme coins, which were among the top laggards in the industry last year.
Data compiled by CoinGecko shows that the market capitalization of all meme coins jumped by 11% in the last 24 hours to $45.1 billion, while the volume jumped to $6.4…
