Meme coins exhibit bullish momentum in the light of the US election.
MOG Coin is the top gainer of the day, gaining over 9%.
The crypto industry has briefly recovered from the prolonged downside pressure. The global crypto market cap is up 2.7% to $2.3 trillion, over the day. Bitcoin, the leading cryptocurrency, experienced bearish pressure, and Ethereum followed. Despite this, the current market sentiment is in the neutral zone, at 50, according to the CMC Crypto Fear and Greed Index.
It’s crucial to note that the meme market cap reached $63.56 billion, after noting a 6% surge in the last 24 hours. Meme coins have surged above other major assets after major price corrections before hours of the U.S. presidential election while other assets are in the bearish sentiment.
The US election might be the major cause for this meme coin rally. As the market awaits favorable crypto policies, both Donald Trump and Kamala Harris have assured to help innovate the crypto sector.
We współpracy z: https://thenewscrypto.com/are-meme-coins-primed-for-breakout-post-us-elections/
