Last week witnessed a big bull run in meme coins (Pepe, Dofwifhat, FLOKI, Bonk, Shiba Inu). These coins skyrocketed 100-400%, outperforming other coins. Where does this interest come from?
Bitcoin's dominance currently stands at 52.36%, with the flagship crypto currency topping $65k on March 4. The uptrend stalled slightly below the all-time high near $69k.
As a locomotive for the entire cryptocurrency world, a BTC rally sends other tokens “to the moon”. And meme cryptocurrency is no exception in this case. When BTC goes up, other altcoins also soar.
Meanwhile, meme coins logged exponential gains amid the uptrend in BTC.
