With the crypto market showing signs of stability, memecoins and emerging altcoins have been stealing the spotlight with impressive price gains.
Pi Coin price has risen to $1.31, marking its first return above the $1 level in nearly two months. The token has also seen a massive 125% weekly gain, showcasing strong bullish sentiment. This is further backed by a 96% surge in its intraday trading volume, and its market cap now stands at $9.46 billion.
On the other hand, Moo Deng (MOO) price has surged by 540% in the past week, reaching a high of $0.2455. The token, listed on Binance Alpha, has seen a 114% gain today alone.
For short-term price targets and technical levels, check out the full Moo Deng price analysis.
Top Cryptocurrency Prices Today: BTC, ETH, XRP and More
Both coins have seen impressive gains, but can they continue?
Both Pi Coin and Moo Deng have seen impressive gains this week, but with limited short-term technical analysis and the potential for sharp corrections in memecoins, traders may approach these tokens with caution.
Those interested in learning more about cryptocurrency can use Benzinga's Web3 and Cryptocurrency Conditionals to stay informed about the latest industry trends and news.
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