Meme coin prices soar as crypto market rebounds: Pepe up 11%, Snorter raises $1.5M

The meme coin sector is experiencing a resurgence, with Pepe rising 11% and Snorter garnering $1.5 million in presale funding, as traders seek alternatives to Bitcoin. Trading volume for meme coins surged 64%, reflecting shifting interests in the crypto market. New technical advancements and high staking yields are further drawing in investors.

Meme Coin Prices Seeing Big Increases Amidst a Crypto Market Comeback: Pepe Rises 11%, Snorter Nets $1.5M
The crypto market is buzzing these days, and guess what? It goes beyond just Bitcoin.
Bitcoin’s dominance seems to be slightly waning, prompting traders to dive into the meme coin scene, looking for juicy returns. It’s been good news for popular coins like Pepe, which soared by 11%. Meanwhile, a lesser-known project called Snorter has caught the eye of investors, raking in a cool $1.5 million during its presale.
So, why are these meme coins on the upswing?
Currently, the entire meme coin sector is in a positive trend. Dogecoin has seen an 8% increase since just yesterday, Shiba Inu is up 6%, and Bonk is doing even better with a 21% gain to its name.
Most of this bullish activity seems tied to a slight dip in Bitcoin’s overall market share. Bitcoin dominance refers to Bitcoin’s piece of the total crypto pie, and it’s shrunk a bit to around 65%. When that happens, investors usually get a bit bolder, transferring their funds from Bitcoin to smaller coins with better growth potential. Unsurprisingly, meme coins tend to be the first to benefit from this trend.
In the numbers, it’s quite noticeable—meme coin spot trading volume has skyrocketed 64%, and the total market cap for meme coins has gone over $57 billion. Such early indicators are often what traders watch for.
PEPE Price Leaps Due to Optimistic Technical Indicators
One of the standout performers in the most recent meme coin rally is definitely Pepe. Currently, it trades around $0.0000106, which marks an 11% increase from just the day before. But the real story lies behind those numbers.
Spot trading volumes for Pepe have surged to a staggering $1.1 billion, making it the second most-traded meme coin in the world—just behind the ever-popular Dogecoin. Plus, open interest has increased by 12%, suggesting that fresh funds are pouring in, betting that Pepe’s price will continue to climb.
The rally picked up momentum when Pepe’s price recently broke through a critical resistance level of $0.000010. This breakout was a game changer, triggering a series of automated buys that pressured anyone shorting the coin to rethink their position.
With the $0.000010 barrier breached, attention now turns to the next resistance level sitting at $0.0000114. If Pepe manages to clear that, who knows just how high this frog coin could rise?
Brand New Meme Coin Snorter Hits $1.5M in Presale as Retail Interest Surges
All this excitement seems to be giving some smaller meme coins a big opportunity. One that’s capturing considerable buzz is Snorter, which has already managed to bring in more than $1.5 million during its presale event. So, what’s driving such demand?
A big draw is the project’s advanced trading bot for Solana, which you can use directly within the Telegram app. It’s built to give traders an advantage, helping them spot and snatch up new tokens before the crowd catches wind. The bot includes AI tools for tasks like copy trading and potential scam detection too.
Plus, the developers are tempting traders with some pretty attractive offers. They’re currently providing a stunning staking annual percentage yield (APY) of 234%. Right now, the SNORT price is sitting at $0.0969, but it’s expected to rise with each presale phase.
They’ve also made it super accessible—using cryptocurrency or just a bank card will work. Snorter has already made its way onto CoinSniper and ICOBench’s rankings, and it’s been featured in numerous prominent crypto media outlets.
So, while Pepe is making waves with its impressive rally, projects like Snorter could potentially offer even greater opportunities down the line.
Disclaimer: This media platform lays out the content of this article on an “as-is” basis, without any guarantees or representations whatsoever. We take no responsibility for any inaccuracies, mistakes, or omissions. Additionally, we do not accept any liability for the accuracy, content, visuals, videos, licenses, comprehensiveness, legality, or reliability of the information here. Any queries, grievances, or copyright issues surrounding this article should be directed to the content provider mentioned above.