Top Memecoins Profiting Bitcoin is trading at the lowest point of its history, which means that all the other cryptocurrencies have been suffering a slump, too. Despite such an alarming situation, one category of cryptocurrencies called meme coins has managed to stand out from the rest by gaining the investor’s maximum profits.
This week, some meme coins have won massive applause for their returns of ten to a hundred times their original worth. Let’s examine their lives in more detail to gain insights into the latest developments of these high-performing stocks.
Byte (BYTE)
Among the profit-making meme coins, Byte was among the most impressive last week. The token’s value has grown by 228.05% over the last week and is currently $0.0000305. It is based on Ethereum. Although there was a slight dip yesterday, the upward BYTE movement is still much higher.
The Byte dollar’s circulating supply rose to 256, and its volume spiked to $1.7 million, making it stand out among the cryptocurrency community. There are approximately one trillion Byte coins in existence, while 68.6 billion were distributed through the network.
Hoppy (HOPPY)
The remarkable success of another meme coin based on Ethereum—the name is Hoppy—has also caught the attention of investors. With the current rate of $0.00004588, HOPPY has seen a weekly growth of 173.81%. The project has a market capitalization of $19.3 million and a daily trading volume of $7.2 million. Out of the total amount of 420.7 billion Hoppy coins, about 163.5 billion are circulating. The token’s weekly increase clearly displays the heavy market sentiment and the investors’ cautious confidence.
BEFE (BEFE)
BEFE is the one to watch in the ongoing meme coin rallies since it has grown 90.63% in value during the week and now costs $0.0001946. Over the past year, the circulating supply has doubled, mainly due to a surge in the market cap from $18.1 million and a trading volume of $7.5 million per hour in BEFE.
The maximum allowed supply of 93.2 billion BEFE coins is fixed, and around 36.6 billion BEFE have come into the current market. BEFE’s continuous rise says it has merits in the memecoin market, albeit its returns are not as spectacular as other digital currencies.
Wownero (WOW)
Wownero, whose price is now $0.1106, has significantly gained 57.64% over the last week. WOW has an overall positive trend, though its 24-hour diffusion is not that high. This cryptocurrency’s total number of transactions within the day is only 15,000, a little more than its $7.3 million market capitalization. Wownero’s growth has been more steady than other cryptocurrencies; however, it shows investors’ unintended interest and potential future profits, the 142,000 WOW coins currently in circulation.
MAGA (MAGA)
Despite being down in value yesterday, the Trump-linked cryptocurrency MAGA (MAGA) has been very active this week. The coin’s market capitalization now stands at $107.6 million after trading for $78.6 million over the past day. The total circulation of 287.2 billion MAGA coins is a testament to MAGA’s resilience and popularity in the current market scenario.
Final thoughts
While the entire market is in distress, meme currencies in these countries have been able to bring big profits. This week, once again, the cryptocurrency market has taken center stage, as fantastic gains have been made by Byte, Hoppy, BEPE, Wownero, and MAGA investors. The high-flying crypto-currencies are unstable, and investors who wish to invest should be prudent and do due diligence, even though this may be highly rewarding.
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