These Viral Meme Coins Rise By Double Digits As Bitcoin Surpasses $63,000: Details

TL;DR

Meme coins made big gains, with tokens like NEIRO up 50%, POPCAT up 20% and MOG up 17%. DOGE rose 5% with potential for a big rally, and SHIB rose 7%. This is taking place when the price of Bitcoin is rising above $63,000, at the time of writing. Massive Resurgence of Meme Coins

The cryptocurrency sector has headed slightly north in the past 24 hours, with its total market capitalization increasing by 1.5% and surpassing $2.3 trillion (according to data from CoinGecko). The meme coin cohort is among the top performing realms, with numerous tokens witnessing significant price increases.

An example is Neiro (NEIRO), which is up 50% daily to a new all-time high. Its market capitalization exceeded $600 million, making it the 10th largest meme coin.

Price NEIRO, Source: CoinGecko

Other notable profits are dogwifhat (WIF) and Bonk Inu (BONK). The former’s valuation soared 20%, while the latter experienced a 12% rebound.

There are also cat themed tiles in the club. Popcat (POPCAT) surged roughly 20% to take advantage of a fresh ATH of nearly $1.50, while Mog Coin (MOG) surged 17%.

The main meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), are also in the green, although they are posting less substantial gains.

DOGE is up 5% on the 24-hour scale, and some market watchers are speculating that another rally could be on the cards. X user Ali Martinez observed the asset’s price pattern to suggest there could be a “200% rise, 60% pullback and then a bull run.”

Mikybull Crypto also chimed in, expecting DOGE to shoot up to $1 “as a minimum target for this cycle.” According to traders, it is currently preparing for “the next explosive wave of rallies”.

What about SHIB?

The second largest meme coin saw a price jump of around 7% in the last 24 hours, while its market cap has moved towards $11 billion.

SHIB Price, Source: CoinGecko

SHIB was among the top performers in the crypto sector at the end of September, and it will be interesting to track whether the latest resurgence could be the start of a new exponential rally.

One major indicator in the chain, however, indicates incoming pain for the bulls. This is the relative strength index (RSI), which measures the change and speed of price movements. It ranges from 0 to 100, with readings above 70 indicating overbought conditions and a possible correction.

The ratio has been gradually increasing in recent days, currently standing at over 60.

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