Memecoins such as Fartcoin, Popcat and May saw strong profits when investors embraced a risk-on sentiment after President Donald Trump’s decision to facilitate some of his heavy tariff policy, which encouraged a wider market trally.
According to Coingecko, Fartcoin (Fartcoin) shot with 43.5%, and achieved a 10 -week market capitalization of $ 731 million. Popcat (Popcat), Ket (Ket) and Mog -Munt (Mog) were not far behind and jumped 28.6%, 26.2%and 24.1%respectively.
Even the larger names such as Dogecoin (Doge) and Shiba Inu (Shib) saw a boost – Doge rose 9.5%, Shib won 10.5%and Pepe climbed 9.5%. In general, the Memecoin market rose by 10.6%for the past 24 hours, which brought the total market capitalization to $ 46.8 billion.
The meeting started after Trump announced on April 9 via Truth Social that he was pausing his recently announced aggressive rate policy for 90 days. He has also temporarily reduced the mutual rate to 10% while trade discussions continue.
Only a week earlier, Trump had given a universal rate of 10% on all input and it was planning to increase rates on goods from 57 countries from 9 April. Despite yesterday’s break, the rates for Chinese imports up to 125%, added more tension between the US and China.
That said, the Chinese Minister of Trade, Wentao, said They are open to solving things through negotiations, which gave investors some relief. This has brought relief to investors who have taken a risk-on sentiment because the crypto anxiety and the greed index have risen ten points to 25.
Memecoins gathered alongside Bitcoin (BTC), who continued to act as the dominant market power with a market share of 62.6% when it was past $ 83,000, while Ethereum (ETH), the largest altcoin, came back above $ 1,600. The total crypto market capitalization recovered 5% to $ 2.68 trillion in the same period.
Still, with Bitcoin -Dominance that keeps strong, most analysts agree that a real Altcoin season, in which capital rotates in Altcoins and Memecoins persistent, independent rallies, do not start when BTC starts losing its grip.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
