Memecoins Lead Market Recovery by Hitting New Highs

Quick Summary:

The cryptocurrency market is experiencing a bullish revival after a brief downturn, with the overall market up 2% and trading volume surging by 62%.

Bitcoin, the leading cryptocurrency, has increased by 2%, while Ethereum has risen by 1.2%.  Currently, the total volume in DeFi stands at $3.

Despite the broader market’s fluctuations, the memecoin sector has garnered renewed attention, with tokens in this space reaching new highs after a prolonged period of stagnation.

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Article Details

Author / Journalist: Janani

Category: Crypto

Markets: United Arab Emirates

Topics: Meme Coin Popcat (SOL) WIF Mog coin Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 10:50:21 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 22925929

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 29 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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