FLOKI and DOGE mark gains for a rebound

Top meme coins, including FLOKI, have seen decent gains in recent times. The majority of this pertains to a rise in the market cap since there has been a considerable decline in token value. June has just started, and the month could later turn around for the meme coin segment. It has so far surged due to a rise in portfolio diversification, with traders and investors willing to explore their options beyond BTC and ETH.

FLOKI is not alone; it is accompanied by DOGE. Despite trailing at a lower position, DOGE has been able to mark an upswing of 27.9%, thus outpacing many other digital tokens. It now sports a market cap of $945 million and is exchanging hands at $0.009148. At the time of writing this article, it represents a surge of 22% in the last 24 hours. There is a significant gain in inflows, roughly translating to 125% for the week and 215% for the month.

FLOKI was down by 5.31% in the last 24 hours at the press time but rose by 39.19% in the previous 30 days. It is listed at $0.0002644 right now. Overall sentiments around FLOKI are bullish, with 73 points in the Fear & Greed Index and a 14-day RSI of 61.76. It is predicted that hands will exchange at $0.00087 in 30 days. This would be a surge of 229.11% amid the prevailing volatility of 15.98%.

The crypto sphere has a collective market cap of $2.55 trillion. Meme coins account for approximately $61.5 billion, with DOGE and SHIB leading the charge. Their market cap is $22.74 billion and $13.98 billion, applicable in the same order.

BTC and ETH have dipped by 0.59% and 1.87% in the last 24 hours, respectively. This comes after marking an uptick of 8.73% and 20.70% in the previous 30 days, in the same order. Bitcoin’s market cap has plummeted by 0.65%, and Ethereum’s market cap has dipped by 1.90%.

Other tokens that are holding the flag of optimism are BNB and BONK.

BNB is closer to testing the resistance of $630, which would pave the way for a milestone of $650 by the end of this year. The token is currently listed at $625.31, down by 0.64% in the last 24 hours. However, it is up by 4.11% in the last 7 days. BONK has gained 10.76% in token valuation in the last 30 days but has lost 8.19% in a single day. It is exchanging hands at $0.00003186.

The 24-hour trading volume of the meme coin segment has sipped by 3.24%, reaching the low of $6.9 billion.

It is only right to assume that meme coins are in correction mode before regaining a resurgence. FLOKI and DOGE have marked significant gains before corrections, as have other tokens. There was a rebound, and the next rebound could make it to the surface again.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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Bitcoin (BTC) $ 64,455.27
Ethereum (ETH) $ 3,510.14
Tether (USDT) $ 1.00
BNB (BNB) $ 592.46
Solana (SOL) $ 134.85
XRP (XRP) $ 0.487836
Dogecoin (DOGE) $ 0.124434
Cardano (ADA) $ 0.384874