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Memecoinsā have posted average returns of 103% over the past 30 days ā over 6x higher than the crypto marketās 16.1% average return, according toĀ dataĀ from Artemis.
Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPEās ābeta playāĀ PepeCoinĀ also rose significantly, with a 121.1% gain.
Meanwhile, Solana-based Bonk (BONK) climbed 70.2%, while Baseās Brett (BRETT) saw a 63.5% price increase over the period.
Notably, many memecoins connected to the US elections have crashed in the days following the conclusion of the presidential race, including MAGA (TRUMP), which fell 72% over the past 30 days.
According to market insights platform Kaito AI, memecoinsĀ controlledĀ nearly 24% of investorsā mindshare as of Nov. 14. One out of four crypto investors posting on X is discussing memecoins. 2 replies
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