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<p><em>Date: Sat, August 24, 2024, 04:36 PM GMT</em></p><p>The cryptocurrency market is making bullish waves this week as Bitcoin (BTC) finally breaks out of its consolidation zone, climbing past $64,000. This bullish momentum comes on the heels of a significant speech by Federal Reserve Chair Jerome Powell, which has sparked optimism across financial markets. Powell hinted at a potential interest rate cut in September, sending both stocks and cryptocurrencies soaring. Among the big movers in the crypto world, memecoins are seeing particularly strong gains.</p><p>As the market heats up, here are the top 3 memecoins you should keep an eye on for potential returns:</p><h3 id="1-pepe-pepe">1) Pepe (PEPE)</h3><p>Pepe (PEPE), the third-largest memecoin by market capitalization in the Ethereum ecosystem, is currently riding a strong wave of bullish sentiment. Over the past week, PEPE has surged by an impressive 24.76%, making it one of the top-performing tokens in the market. As of now, PEPE is trading at $0.000009023 with a market cap of $3.79 billion. This significant rise highlights PEPE’s growing popularity and potential for future gains.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e1a28ade4aa4f6e926e20db6b0da8ba.png" /></p><h3 id="2-dogwifhat-wif">2) Dogwifhat (WIF)</h3><p>Dogwifhat (WIF) is leading the pack in the <a href="https://coinsprobe.com/web-stories/top-10-solana-based-memecoins-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">Solana memecoins</a>, boasting the highest market cap among memecoins on the platform. In the last seven days, WIF has skyrocketed by 30.27%, reflecting strong investor confidence. Currently, WIF is priced at $1.83, with a market cap of $1.83 billion. The token’s impressive performance suggests it could continue to be a top contender in the memecoin space.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a03e347e211c48fb86205ac111ef1db5.png" /></p><h3 id="3-bonk-bonk">3) Bonk (BONK)</h3><p>Another memecoin making waves in the Solana ecosystem is Bonk (BONK). This token has also seen notable gains, with a 16.50% increase over the past week. BONK is currently trading at $0.00002064 and has a market cap of $1.43 billion. Its recent performance indicates that BONK is one to watch as it continues to capture the attention of crypto enthusiasts.</p><p>As the crypto market continues to respond positively to macroeconomic signals, memecoins like PEPE, WIF, and BONK are proving to be lucrative opportunities for investors. However, as always, it&#39;s essential to do your research and consider the risks before diving in.</p>

Memecoin Rallies: Top 3 Memecoins To Watch Out for Potential Returns As Market Heats-Up

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