Memecoins
Top performing memecoins with 10x to 100x profits this week
The global cryptocurrency market is experiencing a slowdown, with Bitcoin trading below $70,000. Amid this uncertainty, meme coins have managed to go against expectations by generating significant profits for investors. This week, some memecoins stood out for achieving impressive gains of between 10 and 100 times their profits. Let’s take a look at the specifics of these top performers and understand their recent trends.
1. Byte (BYTE)
Byte has established itself as a notable player in the memecoin space over the past week. The based on Ethereum, the token saw a substantial increase of 228.05% last week to trade at $0.0000305. Even though there was a slight decline over the past day, BYTE’s overall upward trend is still robust.
Byte’s market capitalization of $29.4 million and trading volume of $1.7 million in 24 hours has piqued the interest of members of the cryptocurrency community. BYTE currently has around 55.5 billion coins in circulation, while the total supply is close to a trillion coins.
2. Hoppy (hoppy)
Hoppy, another Ethereum-based meme, has also attracted investor interest with its remarkable performance. Currently priced at $0.00004588, HOUBONE jumped 173.81% over the week. The coin’s market cap is $19.3 million and its 24-hour trading volume is a substantial $7.2 million.
Hoppy’s circulating supply is approximately 163.5 billion coins, for a total supply of 420.7 billion. The token’s weekly growth indicates strong market sentiment and growing investor confidence.
3. BEFÉ (BEFÉ)
BEFE also stands out in the current memecoin rally, having increased in value by 90.63% in the past week, to trade at $0.0001946. BEFE’s growth has been impressive, with a market capitalization of $18.1 million and a 24-hour trading volume of $7.5 million.
There are approximately 36.6 billion BEFE coins in circulation, out of a total supply of 93.2 billion. Even though BEFE’s gains are not as impressive as other cryptocurrencies, its steady rise demonstrates its potential in the memecoin market.
4. Wownero (WOW)
Wownero, priced at $0.1106, showed a strong performance with an increase of 57.64% over the week. Although its 24-hour performance is relatively modest, the general trend of WOW remains positive. The coin’s market cap is $7.3 million, with a relatively low 24-hour trading volume of $15.6 thousand.
With a circulating supply of 142,000 WOW coins, Wownero’s growth, while less explosive than others, demonstrates continued investor interest and potential for future gains.
5.MAGA (MAGA)
The Trump-inspired cryptocurrency MAGA (MAGA) has attracted attention this week, although its value has declined slightly over the past day. Currently trading at $0.0002758, MAGA saw a 48.43% surge in the past week.
The coin has a market capitalization of $107.6 million and a trading volume of $78.6 million over the last 24 hours. MAGA’s performance under current market conditions highlights its resilience and appeal, with 287.2 billion MAGA coins in circulation.
Conclusion
Despite the turbulence in the market as a whole, these memecoins have demonstrated significant potential for high returns. Investors in Byte, Hoppy, BEFE, Wownero and MAGA made substantial profits this week, reflecting the dynamic and unpredictable nature of the cryptocurrency market. As always, while these gains are impressive, potential investors should conduct thorough research and exercise caution, given the inherent volatility of memecoins.