QCP Capital noted in a recent market report that altcoins, especially meme coins, are rebounding strongly, with increased activity from leveraged buyers over the past 24 hours. However, analysts also pointed out that if Bitcoin breaks through a new all-time high in U.S. dollar terms, the recent active market movements may dissipate. JPMorgan analysts say the recent surge in cryptocurrency prices appears to be driven by individual traders rather than institutional investors or market fundamentals. Currently, there are 7 meme coins among the top 100 cryptocurrencies by market capitalization, namely:
1. Dogecoin ranks 10th;
2. Shiba Inu ranked 12th;
3. Pepe ranked 42nd;
4. Bonk ranks 51st;
5. Dogwifhat ranked 69th;
6. Floki ranked 76th;
7. Apecoin ranks 83rd. (TheBlock)