The biggest winners in the recent bullish surge are new memecoins that have emerged over the past few months.
Memecoins have broken out of a week-long bearish crypto trend to record double-digit growth over the past 24 hours.
At a time when Bitcoin (BTC) is struggling to build bullish momentum โ recording its monthly low of $58,554 on June 24 โ most memecoins saw a trend reversal and gained in double digits. Before the current bullish boost, memecoins were among the biggest losers in the red crypto market.
Dogecoin (DOGE) mirrored the broader market trend, achieving a 2.4% price increase in the past 24 hours. In contrast, Shiba Inu (SHIB) saw minimal progress, recording only a 0.15% gain on the daily chart. The biggest beneficiaries of the bullish surge are new memecoins that have emerged in the past few months.
