The cryptocurrency market marks a rebound after days in the red zone sparked by cumulative liquidations in digital assets and memecoins. With plunging prices, gains recorded in months were lost by reduced investor sentiment.
This week, the wider market opened with gains with coins recording as high as 10% following renewed optimism and other factors. Some memecoins have spiked with the trend likened to the memecoin frenzy that saw a larger rally. A rebound is seen across dog-themed tokens and Solana-based memecoin raising the market capitalization to $65.7 billion. Here are the top gainers in the memecoin market today.
Conan
Conan has spiked a massive 154% in the last 24 hours notching gains with the wider cryptocurrency market. The surge of memecoins usually outpaces larger digital assets because they are more volatile. The rally behind the asset on social media spaces by its community has helped more inflows to the asset despite the previous market downturn.
The asset is up 622.9
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