Memecoins are up today, fueled by positive sentiment following Trump’s win in the US presidential elections.
Memecoins like Dogecoin (DOGE), Dogwifhat (WIF), and Brett (BRETT) are among the best-performing cryptocurrencies on Nov. 6, highlighting the Trump-fueled enthusiasm that propelled the crypto market.
The latest uptick in memecoins has seen the total market capitalization of the sector expand to reach a seven-month high of $66.72 billion on Nov. 6.
The last time the memecoin market cap was above $66 billion was on April 1, when it reached a high of $69.8 billion. The aggregate market value of cryptocurrencies in this sector is up 21% over the last 24 hours.
