Crypto Market is Booming Again: Meme Coins, Rollups and GemeFi’s All Reaching New Highs

The overall crypto market has drastically improved this week, with overall bullish trends strengthening and corresponding capitals posting record inflows.

Market optimism is, however, abnormally high, and remains in the 80+ range of fear/greed equilibrium. The cryptocurrency market as a whole has seen significant growth compared to last week, with a market capitalization of approximately $2.33 trillion, a 24-hour gain of nearly 3%. The market's intraday trading volumes have also increased towards the end of this week significantly, with major mainstream currencies such as BTC and ETH increasing by more than 10% and more.

Meme coins spearheaded too. Thus, PEPE's increase reached 141.49% for the 7th week in a row. The current currency price is around US$0.00000354, making it one of the cryptocurrencies with the fastest advance.

All in all, the crypto market suddenly exploded, and the market is currently in a state of high-frequency intraday volatility. The price of ORDS, the issuance volume of TRC20-USDT, and the weekly trading volume of Arbitrum’s perpetual contract trading platform Vaultka – all hit all-time highs. Meanwhile, the GameFi space is booming too.