- From March 1 to March 2, popular memcoins, including PEPE, DOGE and WIF, saw gains.
- Experts at K33 Research said that this rally could be a sign of the altcoin season.
In the last 24 hours, from March 1 to March 2, 2024, the exchange rate of some memcoins, including Dogecoin (DOGE) and Pepe (PEPE), rose between 18% and 50%. Experts have stated that there are signs that the altcoin season is approaching.
Over the past 24 hours, Dogecoin (DOGE) has risen 18% from $0.11 to $0.14, according to TradingView. Judging by the chart, this is a continuation of the previous jump from the end of February 2024:
Pepe (PEPE) price gain is about 50% – from $0.0000027 to $0.0000046, according to TradingView. At the end of February 2024, the value of memcoin jumped 153% in one week:
Shiba Inu (SHIB) is also up about 50%, from $0.0000125 to $0.0000211, according to TradingView:
The value of dogwifhat (WIF) is up 35% in 24 hours and 324% in a week, according to TradingView. At the time of writing, the memcoin is trading at $1.26:
In their report, experts at K33 Research noted that the market is showing signs of an altcoin season. They compared the current trend with the situation in the sector at the end of 2020, when altcoins began to catch up with bitcoin (BTC) in terms of value growth rate.
