Crypto Market Sees Meme Coin Surge Amidst Struggles

As the overall crypto market struggles to reclaim a bullish stance, several lesser-known coins have shown significant growth, with some surging by double digits in the last 24 hours. Notably, XRP meme coin PHNIX has experienced a substantial pump of over 50%.

Phoenix (PHNIX) Leads the Charge

PHNIX, an XRP meme coin, has seen its price surge from a 24-hour range of $0.00004662 to as high as $0.0000698. Crypto analyst Gordon recently tweeted about the performance of meme coins on the XRP chain, highlighting PHNIX’s impressive growth.

MEMECOINS ON THE $XRP CHAIN ARE EXPLODING! $XRP is rising like a phoenix from the ashes, and its flagship meme, $PHNIX, just printed a massive god candle after a week of consolidation. It now looks ready for its next rally.

Unicorn Fart Dust (UFD) Sees Significant Growth

Another notable gainer is Unicorn Fart Dust (UFD), which has experienced a pump of almost 70%. The UFD price has shot up close to 100% in the last seven days, trading at $0.2274 at press time. The coin’s growth can be attributed to its unique beginnings, started by a 56-year-old YouTuber called Basement Ron, as well as its partnerships with companies like MoonPay.

Theta Network Spikes Amidst Market Volatility

When narrowing down to the top gainers of the top 300 coins by market cap, Theta Network has spiked close to 14% from a 24-hour low of $0.06857 to as high as $0.09682 before retracing to its current price of $0.07854.

Global Crypto Market Cap and Fear and Greed Index

As per CoinMarketCap data, the global crypto market cap stands at $3.33 trillion, with a 1% surge in the last 24 hours. The crypto Fear and Greed Index is now at 62, indicating greed. This usually signals that the market is due for a correction.

For more news and updates on the crypto market, visit Global Crypto News.

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