Because the total crypto market struggles to reclaim a bullish stance, XRP meme coin PHNIX has pumped over 50%.
Within the last 24 hours, whereas Bitcoin (BTC) and Ethereum (ETH) hang confirmed certain signs of battle to reclaim a bullish stance, a pair of lesser-acknowledged coins hang pumped double digits.
One of many pause gainers, as per CoinGecko’s checklist, is Phoenix (PHNIX). PHNIX is an XRP (XRP) meme coin that has pumped from a 24-hour fluctuate of $0.00004662 to as excessive as $0.0000698.
Crypto analyst Gordon currently tweeted that meme coins on the XRP chain are exploding. He namely identified that PHNIX printed a extensive God candle after per week of consolidation. Gordon also highlighted that it appears to be like to be like ready for its next rally.
MEMECOINS ON THE $XRP CHAIN ARE EXPLODING!$XRP is rising esteem a phoenix from the ashes, and its flagship meme, $PHNIX, honest appropriate printed a extensive god candle after per week of consolidation. It now appears to be like to be like ready for its next rally.
Basically the most recognised mascot of the third-largest…
— Gordon (@AltcoinGordon) January 12, 2025
The second coin with almost a 70% pump is Unicorn Fart Mud (UFD). The UFD stamp has shot up conclude to 100% in the last seven days and is shopping and selling at $0.2274 at press time.
The meme coin became as soon as started by a 56-365 days-normal YouTuber called Basement Ron, who creates videos about gold, silver, and now UFD. While the particular explanation for the price surge is unclear, the coin has also bagged partnerships with companies esteem MoonPay.
Why is @MoonPay sponsoring Basement Ron? 🦄💨
I in actuality hang by no approach purchased so many texts and DMs so I needed to answer publicly!
Ron’s saunter, which he alludes to beneath, is one thing we all are extremely pleased with at MoonPay as we examine to onboard the loads to crypto.
▶️ Ron is rarely any longer… https://t.co/nPp0KAy6As
— Keith A. Grossman (@KeithGrossman) January 11, 2025
After we slim it down to the pause gainers of the pause 300 coins by market cap, Theta Network (THETA) has spiked conclude to 14% from a 24-hour low of $0.06857 to as excessive as $0.09682 sooner than retracing to its most up-to-date stamp of $0.07854.
As per CoinMarketCap data, the global crypto market cap stands at $3.33 trillion, with a 1% surge in the last 24 hours. Replacement data also shows that the crypto Scare and Greed Index is now at 62, indicating greed. Greed normally signifies that the market is due for a correction.
Disclosure: This text doesn’t symbolize funding advice. The verbalize and materials featured on this online page are for educational gains only.
