The cryptocurrency market seems to be enjoying rejuvenated optimism over the last few days. Bitcoin (BTC) has breached the $87,000 mark once again. The global crypto market cap has hit $3 trillion. Memecoins are experiencing a massive price spike as well.

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Cryptocurrencies Recover Amid Optimistic Market

The latest market recovery comes after the US announced it would ease tariffs. Market optimism seems to be lifting after the development.

The SEC recently dropped its litigation against Ripple. The move may have added to the spike in investor confidence. The SEC has also announced it will host four more rounds of cryptocurrency round tables. Both developments are likely to have aided in a bullish outlook.

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Top 3 Meme Cryptocurrencies With Double-Digit Gains

1. Shiba Inu (SHIB)

Shiba Inu (SHIB) is among the most popular cryptocurrencies in the market. The memecoin is experiencing a bit rally at the moment. SHIB’s price is up 13.3% in the daily charts, 21.5% in the weekly charts, 24.3% in the 14-day charts, and 3.9% over the previous month. Despite the rally, SHIB is still down 47.8% since March 2024.

2. Pepe (PEPE)

PEPE is another meme cryptocurrency making waves right now. The frog-themed crypto is up 10.7% in the daily charts, 21.6% in the weekly charts, 36.3% in the 14-day charts, and 7.1% since March 2024. The asset is still down 0.3% over the previous month.

Also Read: Bitcoin: Here’s When BTC Could Reclaim $100,000

3. Dogecoin (DOGE)

DOGE is the original memecoin. The cryptocurrency is also the largest meme crypto project by market cap. DOGE’s price is up 10.4% in the daily charts, 22% in the weekly charts, 21.3% in the 14-day charts, and 11.7% since March 2024. DOGE’s price continues to suffer in the monthly charts. The memecoin is down by 11% over the last month.

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