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Meme coins like DOGE, SHIB, PEPE, FLOKI, BRETT, and many more have charted double-digit price increases in the last 24 hours.presidential elections. Earlier today , their total market capitalization exploded to an all-time high of more than $120 billion, representing a whopping 27% increase on a 24-hour scale.in the green. Several hours ago, it soared to a seven-month high of $0.00003014, currently trading at around $0.00002898.
It is worth mentioning that a rally of such dimension would require the asset’s market cap to jump above $4.2 trillion. Currently, the capitalization of the entire cryptocurrency sector is less than that, making the forecastHowever, memes have shown they have the potential to chart immense gains and defy previous expectations. At the same time, their prices can head south just as, leading to devastating losses for inexperienced or overleveraged traders.
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