Bitcoin-based memecoins have seen a surge in popularity among traders, acting as speculative assets as Bitcoin reaches new heights. Notable memecoins such as PUPS, DOG•GO•TO•THE•MOON, and BILLION•DOLLAR•CAT are becoming attractive options in light of Bitcoin's performance.

Key Highlights

• Memecoins Soar: Tokens related to Bitcoin have increased significantly, with some reporting gains of up to 35% over the past 24 hours.
• Runes Protocol: This new protocol supporting the creation of fungible tokens on Bitcoin has overtaken previous standards like BRC-20, indicating a shift in market capitalization.
• Republican Impact: The sentiment around Bitcoin has been bolstered by Republican Donald Trump’s pro-crypto stance as he gears up for the presidential election.

With Bitcoin prices climbing, the attention on memecoins may suggest a new trend following these speculative assets, especially during quieter trading periods in the crypto market.