PEPE’s 79% Weekly Gains Lead Meme Coin Surge as DOGE, SHIB, FLOKI Up Double Digits

Pepecoin (PEPE) is up over 79% on the week, main a meme coin rally that’s seen Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) rise by double digits in the identical timespan.

Over the week, Dogecoin has risen by 11.2%, Shiba Inu by 25.6% and Floki Inu by 30.9%, per information from CoinGecko.

The momentum has constructed over the week, with the entire market cap of meme cash posting positive aspects of 11% previously day, over 2.5 occasions that of the 4.2% positive aspects seen by the entire market cap of all cryptocurrencies.

PEPE’s value chart reveals {that a} appreciable portion of the surge got here late on June 21, doubtless following Bitcoin’s sturdy bullish motion above $30,000. At time of going to press, PEPE is up over 43% within the final 24 hours, at $0.00000151.

Moreover an uptrend in Bitcoin pulling PEPE alongside in its wake, U.S.-based Gemini trade additionally hinted at a PEPE itemizing.

Shiba Inu builders, in the meantime, introduced the launch of Shibacals, a protocol to tag real-world property as NFTs, doubtless boosting constructive sentiment across the dog-themed meme coin.

Shibacals will make use of Close to Discipline Communication (NFC) chips to digitally authenticate bodily objects on the Shibarium blockchain. An NFC chip permits wi-fi connection over quick distances.

Shibarium is a Ethereum layer-2 blockchain that makes use of SHIB, Bone (BONE) and Leash (LEASE) tokens for ecosystem growth.

Crypto sentiment turns bullish 

The Crypto Concern & Greed index by various recorded a steep rise within the final two days, touching two-month ranges of 65, indicating an increase in bullish sentiment.

The index quantifies the crypto market’s sentiment through the use of indicators equivalent to Google traits, surveys, value motion, and quantity momentum. The metric fluctuates between 0 to 100 with increased values representing overbought circumstances and vice-versa.

The full cryptocurrency market cap reached $1.22 trillion on Thursday, erasing the losses incurred in June after the U.S. Securities and Alternate Commision introduced lawsuits in opposition to Binance and Coinbase.