Pepecoin (PEPE) than 79% for the week, leading a meme coin rally seen Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) rose by double digits in the same timespan.
During the week, Dogecoin rose by 11.2%, Shiba Inu by 25.6% and Floki Inu by 30.9%, according to data from CoinGecko.
Momentum built during the week, with the meme coin’s overall market cap posting gains of 11% over the past day, more than 2.5 times the 4.2% gain seen in the overall market cap. of all cryptocurrencies.
The PEPE price chart shows that a large part of the surge came late on June 21, likely following Bitcoin’s strong bullish action. more than $30,000. At the time of going to press, PEPE was up 43% in the last 24 hours, at $0.00000151.
Apart from an uptrend in Bitcoin that is pulling Pepe in its wake, based on the Gemini Exchange in the US that is also based on a Pepe list.
The developers of Shiba Inu, on the other hand, announced the launch on Shibacals, a protocol for tagging real-world assets as NFTslikely fueling positive sentiment around the dog-themed meme coin.
Shibacals will use Near Field Communication (NFC) chips to digitally authenticate physical objects on the Shibarium blockchain. An NFC chip enables wireless connection over short distances.
Shibarium is a Ethereum layer-2 blockchain using SHIB, Bone (BONE) and Leash (LEASE) tokens for ecosystem development.
Crypto sentiment has been bullish
The Crypto Fear & Greed index by ALTERNATIVES recorded a steep rise in the last two days, touching a two-month level of 65, indicating an increase in bullish sentiment.
The index measures crypto market sentiment by using signals such as Google trends, surveys, price action, and volume strength. The metric varies between 0 to 100 with higher values representing overbought conditions and vice-versa.
The total cryptocurrency market cap reached $1.22 trillion on Thursday, erasing losses that occurred in June after being brought up by the US Securities and Exchange Commission. cases against Binance and Coinbase.
