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<p class="is-style-lead">Meme coins are enjoying their time in the green while <a href="https://crypto.news/tag/bitcoin/">Bitcoin </a>(BTC), which experienced a <a href="https://crypto.news/bitcoin-price-plunges-below-55k-as-mt-gox-announces-repayments/" data-type="link" data-id="https://crypto.news/bitcoin-price-plunges-below-55k-as-mt-gox-announces-repayments/">downturn</a> this week, has climbed 3% in 24-hour trading.</p> 
<p>BONK, WIF, BRETT, and PEPE have all surged over 15% amid a broader meme coin rally. Let’s take a look at each.</p> 
<h3 class="wp-block-heading" id="bonk">Bonk</h3> 
<p>At the time of writing, Solana-based meme coin <a href="https://crypto.news/tag/bonk/">Bonk </a>(BONK) was still up 12% in the last 24 hours.</p> 
<p>The leading dog-themed Solana coin was trading at $0.000022 per data from CoinMarketCap (CMC). In the same time frame, its trading volume saw a drop of 1%, hovering around $319.5 million, suggesting traders could be holding on to their BONK tokens and expecting a further jump in price.</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14283401"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/BONK_1D_graph_coinmarketcap-4-1024x683.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/07/BONK_1D_graph_coinmarketcap-4-1024x683.png" alt="Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15% - 19"> 
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  BONK 24-hour price chart | Source: CoinMarketCap
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<p>Moreover, BONK’s market cap was standing at $1.52 billion, marking it as the 50th largest cryptocurrency per CMC. Despite the latest price surge, the dog-themed meme coin is still down 52% from its all-time high of 0.000047, which it reached on March 4.</p> 
<h3 class="wp-block-heading" id="strong-dogwifhat-strong"><strong>Dogwifhat</strong></h3> 
<p>Dogwifhat has also seen a greater jump of 22%, currently trading at $1.99 as of press time. The 41st largest cryptocurrency in terms of market cap had a daily trading volume of $580 million per CMC.</p> 
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 <picture loading="lazy" decoding="async" class="wp-image-14283402"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/WIF_1D_graph_coinmarketcap-2-1024x683.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/07/WIF_1D_graph_coinmarketcap-2-1024x683.png" alt="Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15% - 20"> 
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 <figcaption class="wp-element-caption">
  WIF 24-hour price chart | Source: CoinMarketCap
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<p>At the time of publication, WIF’s market cap stood at $1.98 billion, holding the rank of 41st largest crypto asset. The canine-themed meme coin (also a Solana-based coin) is still down 60% from its all-time high of $4.85 attained on March 31.</p> 
<h3 class="wp-block-heading" id="brett">Brett</h3> 
<p>BRETT, the meme coin launched four months ago, was still up 8%, trading at $0.12, according to CoinMarketCap (CMC). </p> 
<p>During the same period, the meme coin — inspired by a character from illustrator Matt Furie’s “Boy’s Club” comic — had a daily trading volume of $42.7 million, down 29%.</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14283404"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/BRETT_1D_graph_coinmarketcap-3-1024x683.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/07/BRETT_1D_graph_coinmarketcap-3-1024x683.png" alt="Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15% - 21"> 
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 <figcaption class="wp-element-caption">
  BRETT 24-hour price chart | Source: CoinMarketCap
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</figure> 
<p>Additionally, the crypto asset’s market cap rose to $1.13 billion, making it the 58th largest cryptocurrency, according to CMC.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-price-plunges-below-55k-as-mt-gox-announces-repayments/"> Bitcoin price plunges below $55k as Mt. Gox announces repayments </a> </p> 
<h3 class="wp-block-heading" id="pepe">Pepe</h3> 
<p>PEPE, an Ethereum-based meme coin, was also up 8.6% over the past day and exchanging hands at $0.0000090. </p> 
<p>In the same timeframe, the daily trading volume of crypto assets hovered around $908 million, down over 32% per CMC. Meanwhile, its market cap had jumped by 8%, and it now stands at $3.8 billion.</p> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14283405"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/PEPE_1D_graph_coinmarketcap-3-1024x683.png.webp"> 
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/07/PEPE_1D_graph_coinmarketcap-3-1024x683.png" alt="Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15% - 22"> 
 </picture> 
 <figcaption class="wp-element-caption">
  PEPE 24-hour price chart | Source: CoinMarketCap
 </figcaption>
</figure> 
<p>The general surge in all these meme coins follows a rise in the largest crypto asset by market cap, Bitcoin, which had risen by 3% over the past day to $56,713 on Saturday. Its 24-hour lows and highs were recorded as $54,839 and $56,856, respectively.</p> 
<p>Bitcoin’s dominance is currently 53.64%, a decrease of 0.31% over the day, reflecting a notable jump in altcoin market activity. Meanwhile, the global crypto market cap has risen by 3.2%, bringing its total market cap to $2.08 trillion.</p> 
<p>The big jump in the meme coin market is often linked to Bitcoin’s performance due to its influence on the broader cryptocurrency market.</p> 
<p>When Bitcoin performs well, it often leads to increased investor confidence and interest in alternative coins (altcoins), including meme coins. This phenomenon can create a positive feedback loop, where rising prices attract more investors, further driving up prices.</p> 
<p> Read more: <a href="https://crypto.news/altcoins-suffer-heavy-losses-as-btc-recedes-8/"> Altcoins suffer heavy losses as BTC recedes 8% </a> </p>

Meme coin rally: BONK, WIF, BRETT and PEPE are all up 15%

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