TL;DR
- Bitcoin and Ether surge, but memecoins like Pepe Coin and Floki Inu steal the show with weekly gains of 92% and 76%.
- Memecoin popularity potentially boosted by US SEC’s possible BTC ETF approval and events like PEPE token burns.
- Despite potential profits, memecoins carry inherent risks due to lack of substantial use cases.
Memecoins in the Spotlight
The cryptocurrency market continues to flash green, with most digital assets sitting at price levels unseen in the past couple of weeks. Bitcoin (BTC) has surged by over 22% in the last seven days, while Ether (ETH) has soared by 16.5% (per CoinGecko’s data).
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