Following the Bitcoin halving, which many had been looking forward to, the total value of the crypto market has dropped by over 1% within hours. In contrast, some meme coins such as Duko (DUKO), PepeFork (PORK), and Byte (BYTE) experienced notable price increases.
Duko
Based on information from cryptocurrency tracking platform CoinMarketCap, DUKO experienced a significant increase of over 76% within the past 24 hours and was priced at $0.002852 during this update.
With a trading volume of $6,285,822, this token was the 448th most actively traded in the cryptocurrency market during the uptick.
The jump in price continues a trend observed over the last several weeks.
Over a week, DUKO’s value rose by over 122%, based on CoinGecko’s figures. In the past two weeks, this meme coin has experienced a 32.5% upward trend.
Despite the recent increases, the price is now only about 34% higher than it was a month ago.
PepeFork
PepeFork (PORK) occupies the 591st spot among cryptocurrencies with regard to market capitalization. In the past 24 hours, its value has risen by over 11%. Currently, a single unit is being traded for approximately $0.00000001998.
In contrast, during the past week, PORK‘s price decreased by 11.6%, and over the past two weeks, its value dropped by approximately 38%.
The trend resembles the price movement of Pork’s 30-day chart, as indicated by CoinGecko, which remains over 56% lower.
Byte
An alternative coin among meme tokens went against the crypto market’s prevailing trend, and this was Byte. This token drew inspiration from Elon Musk, the Xcoin owner, who declared that his upcoming pet dog would be named Byte.
Based on information from CoinMarketCap, the meme coin experienced a 12.3% increase in value during the past 24 hours.
The price of the meme coin deviates from its downward trend over the last week, dropping only 0.9% compared to its value previously.
In the past 14 and 30 days, the meme coin’s price has dropped significantly. Specifically, it is currently 12.1% lower than its price 14 days ago, and 41.7% below the price it reached 30 days ago.
In the wake of a post-halving market, less recognized meme coins have shown impressive growth. On the other hand, more established tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), DogeCoinWife (WIF), and Pepe (PEPE) all experienced price declines.
Among them, WIF suffered the greatest decline; its price now stands at $2.75, representing a 6.7% decrease from the previous day.
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2024-04-20 16:40