XRP meme coin PHNIX pumps 50%; UFD shows a similar pump

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Despite the broader cryptocurrency market facing challenges in regaining a bullish trend, the meme coin PHNIX has surged by more than 50%.

Over the past day, while I’ve noticed Bitcoin (BTC) and Ethereum (ETH) grappling to regain their bullish momentum, some less mainstream coins have experienced significant surges, even doubling in value.

Among the coins on CoinGecko’s list, one of the notable risers is Phoenix (PHNIX). PHNIX is a meme coin associated with XRP (XRP) that has experienced significant growth, moving from a 24-hour range of $0.00004662 to a high of $0.0000698.

crypto expert Gordon recently shared on Twitter that meme coins built on the XRP network are experiencing significant growth. Specifically, he noted that PHNIX displayed an impressive ‘God candle’ following a week of stabilization. Furthermore, Gordon emphasized that it seems primed for another upward trend.

Meme coins on the XRP network are skyrocketing! After a week of consolidation, the XRP’s iconic meme, $PHNIX, has printed a giant ‘god candle,’ indicating a potential surge. It appears to be gearing up for another rally.

Memecoins on the XRP platform are soaring high! The popular meme associated with XRP, $PHNIX, has shown a huge increase in value after a week of stability. This suggests that it’s about to rise again.

— Gordon (@AltcoinGordon) January 12, 2025

As a crypto investor, I’ve noticed an impressive surge – nearly 70% – in the value of Unicorn Fart Dust (UFD) coins over the past few days. In just seven short days, the price has soared by approximately 100%, reaching $0.2274 at the moment this statement is being made.

A meme currency was initially launched by a 56-year-old YouTuber known as Basement Ron, who produces videos on gold, silver, and more recently UFD. The cause behind the price hike remains uncertain, but this coin has also secured collaborations with firms such as MoonPay.

It has been a while since I have received this much communication, so I thought I would address it publicly! Ron’s story, which he mentions below, is something that MoonPay takes great pride in. As we strive to bring more people into the world of cryptocurrency, we are sponsoring Ron.

— Keith A. Grossman (@KeithGrossman) January 11, 2025

Among the top 300 cryptocurrencies by market capitalization, Theta Network (THETA) experienced a significant surge. It climbed nearly 14% from its 24-hour low of $0.06857, peaking at $0.09682. However, it has since pulled back and is currently trading at $0.07854.

According to information from CoinMarketCap, the total value of all cryptocurrencies worldwide currently stands at approximately $3.33 trillion, marking a 1% increase in the past day. Additionally, alternative data suggests that the Crypto Fear and Greed Index has risen to 62, signaling an increased sense of greed among investors. Historically, such heightened enthusiasm can signal an upcoming market adjustment or correction.

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2025-01-12 21:50