Trending Cryptos This Week in Coins: Bitcoin Rally Lends Meme Coins a Helping Hand 3 months ago CryptoExpert Facebook Twitter Pinterest Illustration by Mitchell Preffer for Decrypt. Bitcoin continued to rally this week—and pushed up meme coins while it was at it. The biggest cryptocurrency by market cap is now trading for $44,021 per coin, according to CoinGecko. Over the past 24 hours, that’s a rise of less than 1%. But over the week, it has shot up by 13.4%. Experts told Decrypt that the rally was mostly due to hype around the ostensibly imminent approval of the long-awaited spot Bitcoin exchange-traded fund (ETF) product. Some analysts have said this could lead to a flood of capital into the crypto markets as traditional investors will be able to get exposure to digital assets. As usual, Bitcoin’s rise led altcoins to surge. But the winners this week—just like last week—were meme coins. Digital coins and tokens based on Internet memes and jokes continued to go up in price, before dying down again. Pepe, Dogecoin, and Shiba Inu were all the winners this week. They have now cooled their rally: Pepe is down by about 2%—but still up over 40% this week. And Dogecoin, the 10th biggest digital asset, is trading for $0.10, a 3% rise in 24 hours. Over seven days, it’s made over 20% in gains. Shiba Inu is up over 2%, having jumped 21% in the past week. One meme coin, though, is continuing to explode: Solana-based Bonk. The dog-themed meme coin is now at $0.0000128—a 7-day rise of 188%, and up 635% for the last 30 days. Renewed hype around Solana, the blockchain behind SOL, has led to an increase in investment in projects that run on its network. Edited by Ryan Ozawa. Stay on top of crypto news, get daily updates in your inbox. Source link Facebook Twitter Pinterest Tags: Bitcoin Continue Reading Previous SOL Surges 13% as Solana NFTs Overtake Ethereum, BONK Up 26%Next Decrypt Media Inc. and Rug Radio Merge to Create Global Web3 Publishing Company More Stories Trending Cryptos Gemini to Return $1.1 Billion to Earn Customers, Pay $37 Million Fine In New York Settlement 20 hours ago CryptoExpert Trending Cryptos Scaramucci Touts Bitcoin Alongside Gold, Counters Jamie Dimon on Risk 2 days ago CryptoExpert Trending Cryptos Mistral AI Launches High-Performance AI Model and Chatbot to Challenge ChatGPT, Claude and Gemini 3 days ago CryptoExpert Trending Cryptos You Can Play Super Nintendo, N64, and Other Classic Games on Bitcoin—Here’s How 5 days ago CryptoExpert Trending Cryptos Bitcoin Halving and BTC Price: Will This Time Be Different? 6 days ago CryptoExpert Trending Cryptos Block Says Its Bitcoin Bets, Boosted By the Cash App, Yielded $207M In Gains 7 days ago CryptoExpert Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.