{"id":596219,"date":"2024-03-05T01:00:14","date_gmt":"2024-03-05T01:00:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=596219"},"modified":"2024-03-04T18:03:09","modified_gmt":"2024-03-04T18:03:09","slug":"meme-coins-market-cap-soar-to-over-54-billion","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","title":{"rendered":"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge"},"content":{"rendered":"<p>The meme coins market cap is currently hovering above $54 billion up by nearly 20% ion the past day. This surge is evident as roughly seven meme coins now rank among the top 100 crypto by market capitalization, marking a significant shift in investor interest towards these once <a href=\"https:\/\/ktsl888.com\/news\/why-shiba-inu-pepe-dogecoin-are-far-from-done\/\" target=\"_blank\" rel=\"noopener \">&#8216;speculative assets.&#8217;<\/a><\/p>\n<p>A recent market <a href=\"https:\/\/t.me\/QCPbroadcast\/1140\" rel=\"nofollow\">report<\/a> from <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/cryptoquants-bitcoin-bull-bear-price-overheated\/\">QCP Capital<\/a> has shed light<span class=\"Apple-converted-space\">\u00a0on this\u00a0<\/span>phenomenon, disclosing what drives this meme coins surge.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/cryptoquants-bitcoin-bull-bear-price-overheated\/\" target=\"_blank\" rel=\"noopener \">CryptoQuant\u2019s Bitcoin \u201cBull-Bear\u201d Indicator Flags Price As Overheated<\/a><\/div>\n<h2>What Is Driving The Meme Coins Surge<\/h2>\n<p>According to QCP Capital, the price appreciation in meme coins can be attributed to a &#8220;speculative buying frenzy&#8221; during the Asia trading session. Particularly, the firm report suggests that the rallying meme coins is driven by retail FOMO (Fear of Missing Out), indicating a significant shift in the dynamics of market participation.<\/p>\n<p>The analysts from QCP Capital also observed an increase in leveraged buying activity, hinting at the &#8220;robust&#8221; momentum that could potentially pause should Bitcoin<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-crossroads-analyst-identifies-level-set-to-determine-next-move\/\" target=\"_blank\" rel=\"noopener \"> surpass its all-time high<\/a> in dollar terms. The market report read:<\/p>\n<blockquote><p>Altcoins, especially memecoins, are rallying hard as retail FOMO really kicks in now. Leveraged buyers will likely not relent until we break all-time highs, which could be any time now.<\/p><\/blockquote>\n<p>So far, major meme coins such as Dogecoin, Shiba Inu, PEPE, and BONK have registered. massive gains, with increases of 27%, 57%, 46%, and 68% respectively over the last 24 hours. These gains reflect the growing investor interest in meme coins and underscore the broader trend of retail investment driving the crypto market.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-pump-to-0-7\/\" target=\"_blank\" rel=\"noopener \">Dogecoin<\/a> and Shiba Inu, in particular, have solidified their positions within the top 15 global crypto market cap rankings, demonstrating the significant traction meme coins have gained among investors.<\/p>\n<h2>Retail Participation Fuelling The Crypto Rally<\/h2>\n<p>The surge in memecoins is part of a larger trend of increased retail participation in the cryptocurrency market. Analysts from JPMorgan have <a href=\"https:\/\/bitcoinist.com\/retail-traders-fuel-february-crypto-rally-jpmorgan\/\" target=\"_blank\" rel=\"noopener nofollow\">echoed the observations<\/a> made by QCP Capital, noting that retail traders have played a crucial role in the cryptocurrency market rally observed throughout February.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-new-all-time-high\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Will Reach A New All-Time High This Week, Matrixport Head Of Research Says<\/a><\/div>\n<p>The study carried out by the research group at JPMorgan, under the guidance of Managing Director Nikolaos Panigirtzoglou, highlighted the significant role of &#8220;small-scale investors,&#8221; commonly known as &#8216;mom-and-pop&#8217; traders, in driving prominent cryptocurrencies like Bitcoin to a<a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-restarts-rally-65k\/\" target=\"_blank\" rel=\"noopener \"> two-year high<\/a> last month.<\/p>\n<p>The researchers noted:<\/p>\n<blockquote><p>We find that the retail impulse into crypto rebounded in February, thus likely responsible for this month\u2019s strong crypto market rally.<\/p><\/blockquote>\n<p>Meanwhile, over the past 24 hours, Bitcoin has<a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-new-all-time-high\/\" target=\"_blank\" rel=\"noopener \"> reached new heights<\/a>, trading above $66,000, marking a nearly 30% increase over the past week. This upward trajectory is also evident in the asset&#8217;s market cap, which currently exceeds $1.2 trillion.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/iw3VLn1d\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The meme coins market cap is currently hovering above $54 billion up by nearly 20% ion the past day. This surge is evident as roughly seven meme coins now rank among the top 100 crypto by market capitalization, marking a significant shift in investor interest towards these once &#8216;speculative assets.&#8217; A recent market report from QCP Capital has shed light\u00a0on this\u00a0phenomenon, disclosing what drives this meme coins surge. Related Reading: CryptoQuant\u2019s Bitcoin \u201cBull-Bear\u201d Indicator Flags Price As Overheated What Is Driving The Meme Coins Surge According to QCP Capital, the price appreciation in meme coins can be attributed to a &#8220;speculative buying frenzy&#8221; during the Asia trading session. Particularly, the firm report suggests that the rallying meme coins is driven by retail FOMO (Fear of Missing Out), indicating a significant shift in the dynamics of market participation. The analysts from QCP Capital also observed an increase in leveraged buying activity, hinting at the &#8220;robust&#8221; momentum that could potentially pause should Bitcoin surpass its all-time high in dollar terms. The market report read: Altcoins, especially memecoins, are rallying hard as retail FOMO really kicks in now. Leveraged buyers will likely not relent until we break all-time highs, which could be any time now. So far, major meme coins such as Dogecoin, Shiba Inu, PEPE, and BONK have registered. massive gains, with increases of 27%, 57%, 46%, and 68% respectively over the last 24 hours. These gains reflect the growing investor interest in meme coins and underscore the broader trend of retail investment driving the crypto market. Dogecoin and Shiba Inu, in particular, have solidified their positions within the top 15 global crypto market cap rankings, demonstrating the significant traction meme coins have gained among investors. Retail Participation Fuelling The Crypto Rally The surge in memecoins is part of a larger trend of increased retail participation in the cryptocurrency market. Analysts from JPMorgan have echoed the observations made by QCP Capital, noting that retail traders have played a crucial role in the cryptocurrency market rally observed throughout February. Related Reading: Bitcoin Will Reach A New All-Time High This Week, Matrixport Head Of Research Says The study carried out by the research group at JPMorgan, under the guidance of Managing Director Nikolaos Panigirtzoglou, highlighted the significant role of &#8220;small-scale investors,&#8221; commonly known as &#8216;mom-and-pop&#8217; traders, in driving prominent cryptocurrencies like Bitcoin to a two-year high last month. The researchers noted: We find that the retail impulse into crypto rebounded in February, thus likely responsible for this month\u2019s strong crypto market rally. Meanwhile, over the past 24 hours, Bitcoin has reached new heights, trading above $66,000, marking a nearly 30% increase over the past week. This upward trajectory is also evident in the asset&#8217;s market cap, which currently exceeds $1.2 trillion. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":596225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,87477,1119,78790,6664,1785,7,88164,88145,83668,83667],"class_list":["post-596219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bonk","tag-btc","tag-btcusdt","tag-crypto","tag-doge","tag-dogecoin","tag-memecoins","tag-pepe","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge<\/title>\n<meta name=\"description\" content=\"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge\" \/>\n<meta property=\"og:description\" content=\"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T01:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-04T18:03:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge\",\"datePublished\":\"2024-03-05T01:00:14+00:00\",\"dateModified\":\"2024-03-04T18:03:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\"},\"wordCount\":493,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"BONK\",\"btc\",\"BTCUSDT\",\"crypto\",\"doge\",\"Dogecoin\",\"memecoins\",\"PEPE\",\"SHIB\",\"Shiba Inu\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\",\"url\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\",\"name\":\"Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024\",\"datePublished\":\"2024-03-05T01:00:14+00:00\",\"dateModified\":\"2024-03-04T18:03:09+00:00\",\"description\":\"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Meme Coins Market Cap Soar To Over $54 Billion\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge","description":"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","og_locale":"en_US","og_type":"article","og_title":"Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge","og_description":"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...","og_url":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-03-05T01:00:14+00:00","article_modified_time":"2024-03-04T18:03:09+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge","datePublished":"2024-03-05T01:00:14+00:00","dateModified":"2024-03-04T18:03:09+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/"},"wordCount":493,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","keywords":["bitcoin","BONK","btc","BTCUSDT","crypto","doge","Dogecoin","memecoins","PEPE","SHIB","Shiba Inu"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","url":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","name":"Meme Coins Market Cap Soar To Over $54 Billion - Here\u2019s What Is Driving The Surge","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","datePublished":"2024-03-05T01:00:14+00:00","dateModified":"2024-03-04T18:03:09+00:00","description":"The meme coins market cap is currently hovering above the $54 billion mark up by nearly 20%, surpassing the traditional crypto gain. This...","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Meme Coins Market Cap Soar To Over $54 Billion"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\u2019s What Is Driving The Surge","url":"http:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/meme-coins-market-cap-soar-to-over-54-billion\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bonk","btc","btcusdt","crypto","doge","dogecoin","memecoins","pepe","shib","shiba inu"],"dateCreated":"2024-03-05T01:00:14Z","datePublished":"2024-03-05T01:00:14Z","dateModified":"2024-03-05T01:00:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Meme Coins Market Cap Soar To Over $54 Billion &#8211; Here\\u2019s What Is Driving The Surge\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/meme-coins-market-cap-soar-to-over-54-billion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/meme-coins-market-cap-soar-to-over-54-billion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/memecoins.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/memecoins.jpg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bonk\",\"btc\",\"btcusdt\",\"crypto\",\"doge\",\"dogecoin\",\"memecoins\",\"pepe\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2024-03-05T01:00:14Z\",\"datePublished\":\"2024-03-05T01:00:14Z\",\"dateModified\":\"2024-03-05T01:00:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/memecoins.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/596219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=596219"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/596219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/596225"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=596219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=596219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=596219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}