Top Memecoins Taking Off With Bitcoin Halving

Last updated: 2024-04-26

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Several memecoins are outperforming the market following the Bitcoin halving, with Monku and Pyjamas Cat up 233% and 73%, respectively.

Top crypto assets and memecoins are posting gains, signalling that the halving of Bitcoin has restored institutional trust in the industry. Ahead to the halving event, there were unprecedented withdrawals of assets as a result of miner flows and a deteriorating market mood triggered by macroeconomic issues.

Charts, however, indicate that the majority of cryptocurrencies and memecoins are in the green zone. The ecosystem around memecoin is currently valued at $56.2 billion, up 0.2% over the past day, while the overall market capitalization of cryptocurrencies is $2.42 trillion. After the Bitcoin halving, these are the most popular memecoins.

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Pajamas Cat (PAJAMAS)

Among today’s memecoin gainers, Pyjamas ranks second. As the asset’s bulls prepare for a halving drive, its price has risen an astounding 200.7% in the past 30 days and shows no signs of relenting.

Over the past two weeks, pyjamas have skyrocketed in price, increasing by 44%. During these times of lower profits, there were significant withdrawals of funds from Bitcoin and other cryptocurrency assets.

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Also Read:Bitcoin Halving : Is BTC Halving A Gift To Altcoins?

Kabosu Inu

Kabosu Inu has extended gains from before the halving period, rising 65.9% in the past 24 hours. Despite falling prices, the asset’s value has risen sharply over the past 30 days of trade counter to the market trend.

Over the past 30 days, the price of Kabosu Inu has increased by 150.1%. After a market correction with halving sentiment, these memecoins sprang to prominence. In the past, when investment in Bitcoin and other cryptocurrencies surged, memecoins would also see an influx of funds. There is always a meme frenzy when top assets make gains.

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Also Read:5 Cryptocurrencies To Sell Before Bitcoin Halving Event

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1. Register an Account

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2. Deposit Funds

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT before trading.

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About BTCC

BTCC is one of the world’s oldest and most popular bitcoin exchanges. Bobby Lee created it in 2011, with its headquarters initially located in Shanghai, China. BTCC contributed significantly to the early development of the Bitcoin and cryptocurrency ecosystems.

BTCC initially concentrated on Bitcoin trading, but it gradually expanded its capabilities to cover other cryptocurrencies as well. The exchange allows users to purchase, sell, and trade numerous cryptocurrencies, including as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

BTCC has received recognition for its strong trading platform, liquidity, and security precautions. The exchange provides features such as spot trading, margin trading, and futures trading to accommodate various types of traders and investors. It gives consumers real-time access to market data, order books, and trading charts, allowing them to make informed trading decisions.

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As the cryptocurrency market evolves, BTCC remains a significant player in the industry, providing a variety of services and contributing to the growth and development of the crypto ecosystem.

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A Diverse Selection of Cryptocurrencies: BTCC allows customers to access and exchange a wide range of digital assets.

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