• bitcoinBitcoin (BTC) $ 62,437.00
  • ethereumEthereum (ETH) $ 2,928.94
  • tetherTether (USDT) $ 0.998251
  • bnbBNB (BNB) $ 541.54
  • solanaSolana (SOL) $ 132.45
  • usd-coinUSDC (USDC) $ 0.991742
  • staked-etherLido Staked Ether (STETH) $ 2,922.10
  • xrpXRP (XRP) $ 0.468218
  • dogecoinDogecoin (DOGE) $ 0.145667
  • the-open-networkToncoin (TON) $ 5.77
  • cardanoCardano (ADA) $ 0.441278
  • avalanche-2Avalanche (AVAX) $ 33.06
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,651.00
  • tronTRON (TRX) $ 0.108957
  • bitcoin-cashBitcoin Cash (BCH) $ 460.81
  • polkadotPolkadot (DOT) $ 6.27
  • chainlinkChainlink (LINK) $ 12.89
  • matic-networkPolygon (MATIC) $ 0.638502
  • litecoinLitecoin (LTC) $ 74.55
  • internet-computerInternet Computer (ICP) $ 11.79
  • leo-tokenLEO Token (LEO) $ 5.83
  • nearNEAR Protocol (NEAR) $ 4.99
  • daiDai (DAI) $ 0.997237
  • uniswapUniswap (UNI) $ 6.73
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.989249
  • aptosAptos (APT) $ 8.67
  • ethereum-classicEthereum Classic (ETC) $ 24.77
  • blockstackStacks (STX) $ 2.44
  • mantleMantle (MNT) $ 1.04
  • crypto-com-chainCronos (CRO) $ 0.121610
  • bittensorBittensor (TAO) $ 475.47
  • okbOKB (OKB) $ 51.57
  • cosmosCosmos Hub (ATOM) $ 7.86
  • filecoinFilecoin (FIL) $ 5.55
  • stellarStellar (XLM) $ 0.102846
  • immutable-xImmutable (IMX) $ 1.97
  • vechainVeChain (VET) $ 0.038104
  • render-tokenRender (RNDR) $ 7.21
  • hedera-hashgraphHedera (HBAR) $ 0.075081
  • arbitrumArbitrum (ARB) $ 1.01
  • kaspaKaspa (KAS) $ 0.112538
  • makerMaker (MKR) $ 2,782.74
  • dogwifcoindogwifhat (WIF) $ 2.28
  • ethena-usdeEthena USDe (USDE) $ 0.992680
  • the-graphThe Graph (GRT) $ 0.224499
  • optimismOptimism (OP) $ 2.11
  • moneroMonero (XMR) $ 115.30
  • injective-protocolInjective (INJ) $ 23.00
  • pepePepe (PEPE) $ 0.000005
  • wrapped-eethWrapped eETH (WEETH) $ 3,028.01
  • fetch-aiFetch.ai (FET) $ 1.89
  • theta-tokenTheta Network (THETA) $ 1.90
  • fantomFantom (FTM) $ 0.639776
  • celestiaCelestia (TIA) $ 9.54
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,236.24
  • lido-daoLido DAO (LDO) $ 1.82
  • bitget-tokenBitget Token (BGB) $ 1.16
  • thorchainTHORChain (RUNE) $ 4.82
  • arweaveArweave (AR) $ 23.93
  • galaGALA (GALA) $ 0.039882
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,999.64
  • ethenaEthena (ENA) $ 1.01
  • suiSui (SUI) $ 1.05
  • quant-networkQuant (QNT) $ 93.26
  • algorandAlgorand (ALGO) $ 0.163961
  • bitcoin-svBitcoin SV (BSV) $ 64.70
  • flowFlow (FLOW) $ 0.843507
  • sei-networkSei (SEI) $ 0.474108
  • whitebitWhiteBIT Coin (WBT) $ 8.85
  • flokiFLOKI (FLOKI) $ 0.000130
  • jupiter-exchange-solanaJupiter (JUP) $ 0.919630
  • flare-networksFlare (FLR) $ 0.032322
  • beam-2Beam (BEAM) $ 0.023419
  • aaveAave (AAVE) $ 80.93
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,944.80
  • coredaoorgCore (CORE) $ 1.30
  • ribbon-financeRibbon Finance (RBN) $ 1.17
  • neoNEO (NEO) $ 15.54
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.50
  • ondo-financeOndo (ONDO) $ 0.729729
  • zebec-protocolZebec Network (ZBCN) $ 0.020331
  • ecasheCash (XEC) $ 0.000051
  • bonkBonk (BONK) $ 0.000015
  • nervos-networkNervos Network (CKB) $ 0.022216
  • starknetStarknet (STRK) $ 1.36
  • elrond-erd-2MultiversX (EGLD) $ 36.78
  • wormholeWormhole (W) $ 0.544585
  • axie-infinityAxie Infinity (AXS) $ 6.63
  • ordinalsORDI (ORDI) $ 44.80
  • tezosTezos (XTZ) $ 0.957481
  • gatechain-tokenGate (GT) $ 6.95
  • singularitynetSingularityNET (AGIX) $ 0.722173
  • the-sandboxThe Sandbox (SAND) $ 0.401282
  • dydx-chaindYdX (DYDX) $ 1.93
  • roninRonin (RON) $ 2.85
  • jasmycoinJasmyCoin (JASMY) $ 0.018156
  • havvenSynthetix Network (SNX) $ 2.68
  • cheeleeCheelee (CHEEL) $ 15.60
  • chilizChiliz (CHZ) $ 0.094255
  • conflux-tokenConflux (CFX) $ 0.210831
  • msolMarinade staked SOL (MSOL) $ 158.18
  • kucoin-sharesKuCoin (KCS) $ 8.72
  • gnosisGnosis (GNO) $ 315.90
  • pyth-networkPyth Network (PYTH) $ 0.543472
  • eosEOS (EOS) $ 0.710768
  • worldcoin-wldWorldcoin (WLD) $ 4.36
  • mina-protocolMina Protocol (MINA) $ 0.706661
  • akash-networkAkash Network (AKT) $ 3.27
  • decentralandDecentraland (MANA) $ 0.403247
  • aerodrome-financeAerodrome Finance (AERO) $ 1.85
  • heliumHelium (HNT) $ 4.37
  • usddUSDD (USDD) $ 0.990376
  • echelon-primeEchelon Prime (PRIME) $ 19.09
  • apecoinApeCoin (APE) $ 1.11
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,942.74
  • iotaIOTA (IOTA) $ 0.214187
  • nexoNEXO (NEXO) $ 1.22
  • frax-etherFrax Ether (FRXETH) $ 2,930.06
  • kavaKava (KAVA) $ 0.608533
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.59
  • dexeDeXe (DEXE) $ 11.26
  • fraxFrax (FRAX) $ 0.987950
  • axelarAxelar (AXL) $ 1.01
  • swethSwell Ethereum (SWETH) $ 3,079.38
  • corgiaiCorgiAI (CORGIAI) $ 0.001821
  • klay-tokenKlaytn (KLAY) $ 0.169659
  • lido-staked-solLido Staked SOL (STSOL) $ 156.77
  • aioz-networkAIOZ Network (AIOZ) $ 0.547293
  • osmosisOsmosis (OSMO) $ 0.914199
  • dydxdYdX (ETHDYDX) $ 1.92
  • blurBlur (BLUR) $ 0.385874
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • bitcoin-goldBitcoin Gold (BTG) $ 33.91
  • tether-goldTether Gold (XAUT) $ 2,365.23
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 72.06
  • radixRadix (XRD) $ 0.055022
  • oasis-networkOasis Network (ROSE) $ 0.085035
  • illuviumIlluvium (ILV) $ 89.14
  • mantra-daoMANTRA (OM) $ 0.692827
  • dymensionDymension (DYM) $ 3.42
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,115.71
  • based-brettBrett (BRETT) $ 0.064652
  • fasttokenFasttoken (FTN) $ 1.76
  • pendlePendle (PENDLE) $ 5.44
  • astarAstar (ASTR) $ 0.093893
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000089
  • true-usdTrueUSD (TUSD) $ 0.991975
  • altlayerAltLayer (ALT) $ 0.395913
  • wemix-tokenWEMIX (WEMIX) $ 1.41
  • curve-dao-tokenCurve DAO (CRV) $ 0.419932
  • xdce-crowd-saleXDC Network (XDC) $ 0.036162
  • mx-tokenMX (MX) $ 5.04
  • woo-networkWOO (WOO) $ 0.264893
  • theta-fuelTheta Fuel (TFUEL) $ 0.073636
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,153.47
  • iotexIoTeX (IOTX) $ 0.049340
  • ocean-protocolOcean Protocol (OCEAN) $ 0.748890
  • manta-networkManta Network (MANTA) $ 1.81
  • apenftAPENFT (NFT) $ 0.00000046
  • stepnGMT (GMT) $ 0.232200
  • ether-fiEther.fi (ETHFI) $ 3.84
  • book-of-memeBOOK OF MEME (BOME) $ 0.007944
  • pax-goldPAX Gold (PAXG) $ 2,430.83
  • 1inch1inch (1INCH) $ 0.378521
  • skaleSKALE (SKL) $ 0.083461
  • enjincoinEnjin Coin (ENJ) $ 0.298665
  • zilliqaZilliqa (ZIL) $ 0.022613
  • polymeshPolymesh (POLYX) $ 0.390103
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.979847
  • jeo-bodenJeo Boden (BODEN) $ 0.523788
  • compound-wrapped-btccWBTC (CWBTC) $ 1,255.10
  • terra-luna-2Terra (LUNA) $ 0.567259
  • celoCelo (CELO) $ 0.723380
  • ankrAnkr Network (ANKR) $ 0.038629
  • ravencoinRavencoin (RVN) $ 0.028070
  • ethereum-name-serviceEthereum Name Service (ENS) $ 12.28
  • project-galaxyGalxe (GAL) $ 3.65
  • 0x0x Protocol (ZRX) $ 0.450419
  • rocket-poolRocket Pool (RPL) $ 18.77
  • superfarmSuperVerse (SUPER) $ 0.838496
  • biconomyBiconomy (BICO) $ 0.507499
  • memecoin-2Memecoin (MEME) $ 0.024277
  • qtumQtum (QTUM) $ 3.58
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.46
  • siacoinSiacoin (SC) $ 0.006549
  • holotokenHolo (HOT) $ 0.002087
  • aelfaelf (ELF) $ 0.504655
  • stader-ethxStader ETHx (ETHX) $ 2,993.80
  • origintrailOriginTrail (TRAC) $ 0.899264
  • frax-shareFrax Share (FXS) $ 4.53
  • amp-tokenAmp (AMP) $ 0.006341
  • casper-networkCasper Network (CSPR) $ 0.029607
  • raydiumRaydium (RAY) $ 1.33
  • basic-attention-tokenBasic Attention (BAT) $ 0.232383
  • compound-governance-tokenCompound (COMP) $ 49.77
  • safepalSafePal (SFP) $ 0.737142
  • golemGolem (GLM) $ 0.340435
  • livepeerLivepeer (LPT) $ 10.65

Memecoin Sector Shines as Total Crypto Market Cap Moves Above $2.5T

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With the crypto market cap surpassing $2.5 trillion, numerous memecoins are emerging as notable winners. The memecoin sector is flourishing and has exceeded the market capitalization of non-fungible tokens (NFTs).

Could this be a sign that retail traders are moving into more risk-on assets?

Crypto Market Cap Is Soaring, Memecoins Dominate

The latest data from CoinGecko shows that the crypto market cap has exceeded $2.5 trillion.

Memecoin Sector Shines as Total Crypto Market Cap Moves Above $2.5T

Total Crypto Market Cap Chart 1 Month. Source: CoinGecko

In the midst of this milestone, Messari CEO Ryan Selkis highlighted that the meme coin market reached $40 billion, surpassing many other emerging sectors, including decentralized finance.

“Memecoins ($40B+ in aggregate market cap) are bigger than DeFi, DePIN, Exchange cohorts.”

The majority of major crypto tokens in the market have experienced a price surge over the past week, contributing to the spike in market cap. Meme coins like PEPE have surged by around 300% in the last seven days.

Memecoin Sector Shines as Total Crypto Market Cap Moves Above $2.5T

Additionally, Dogecoin (DOGE) has seen an 83% increase during the same period.

Even among the major cryptocurrencies, significant price bumps have been observed. Ethereum witnessed another spike this week, recording a 12.51% increase in price, while Bitcoin has surged by 24.4% over the past seven days.

Speculative Events May Lead to Higher Market Cap

Meanwhile, the potential of additional Bitcoin ETF providers shortly will open the floodgates for funds to enter the crypto market. This would likely consequently lead to a larger boost in market cap.

On February 29, BeInCrypto reported that Bank of America’s Merrill Lynch and Wells Fargo & Co offer spot Bitcoin exchange-traded funds (ETF) to their clients.

The community is closely watching Ethereum’s price due to ongoing speculation regarding the potential approval of the spot Ethereum ETF in May.

A rise in a crypto’s price usually results in a corresponding increase in its market capitalization. This is calculated by multiplying the current price by the circulating supply of the crypto.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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