Summary
TLDR: Meme coins like PepeCoin, Dogecoin, and BONK are surging along with Bitcoin, with PEPE leading the charge. Meme coins have high volatility and little utility beyond speculation. Dogecoin, originally created as a joke, has seen growing utility and endurance.
Key Points
1. Meme coins like PepeCoin, Dogecoin, and BONK are experiencing double-digit gains following a surge in the crypto market, with Bitcoin nearing its all-time high at $65,000.
2. Frog-themed PEPE is leading the charge among meme coins, with a 35.6% increase in the past 24 hours and a massive 421.8% increase over the past week, making it the 44th largest digital asset by market capitalization.
3. Meme coins typically have higher volatility and lower liquidity compared to mainstream cryptocurrencies like Bitcoin and Ethereum, with their value often driven by internet memes, cultural references, and current events.