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Bitcoinsensus

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3 Memecoins That Gained Up to 240% After Bitcoin’s ATH

  • Bitcoin reached a new all-time high of $117k on July 10, marking a historic day for digital assets.
  • Altcoins, especially low-cap ones, experienced significant gains, with some memecoins increasing by up to 423% in just 24 hours.
  • Examples of memecoins that surged in value include Fartcoin (FARTCOIN) with a 21% increase, Pudgy Penguins (PENGU) with a 39% increase, and Bananas For Scales (BANANAS31) with a remarkable 240% increase.
  • The surge in memecoins' prices is attributed to increased liquidity in the market due to Bitcoin's rise, leading to a 'altseason' effect where investors seek higher returns in lower market capitalization tokens.

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