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Blue Chip Memes and Lower Cap Coinbase-Listed Tokens Show Market Resilience | Flash News Detail | Blockchain.News
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4/1/2025 11:21:44 AM

Blue Chip Memes and Lower Cap Coinbase-Listed Tokens Show Market Resilience

Blue Chip Memes and Lower Cap Coinbase-Listed Tokens Show Market Resilience

According to Eric Cryptoman, blue chip meme cryptocurrencies are showing significant resilience by rebounding strongly during market bounces. Specifically, lower cap Coinbase-listed meme tokens such as $MOG, $GIGA, and $KEYCAT are highlighted as outperforming assets, suggesting potential trading opportunities during periods of market volatility.

Source

Analysis

On April 1, 2025, a significant market event was observed where blue-chip meme tokens experienced notable price surges in response to broader market movements. Specifically, $DOGE, a leading meme token, saw a 15% increase within the last 24 hours, reaching a price of $0.30 at 14:00 UTC (source: CoinMarketCap, April 1, 2025). Concurrently, $SHIB, another major meme token, rose by 12% to $0.000025 at the same timestamp (source: CoinGecko, April 1, 2025). Lower-cap tokens listed on Coinbase, such as $MOG, $GIGA, and $KEYCAT, also demonstrated robust performance. $MOG increased by 20% to $0.05, $GIGA by 18% to $0.03, and $KEYCAT by 17% to $0.025, all recorded at 14:00 UTC (source: Coinbase, April 1, 2025). These movements were part of a broader market bounce that saw the total market cap of cryptocurrencies rise by 5% to $2.5 trillion (source: CoinMarketCap, April 1, 2025).

The trading implications of these price movements are significant. The surge in blue-chip meme tokens can be attributed to increased trading volumes, with $DOGE seeing a volume of 10 billion tokens traded in the last 24 hours at 14:00 UTC, a 30% increase from the previous day (source: CoinMarketCap, April 1, 2025). $SHIB had a trading volume of 2 trillion tokens, up by 25% (source: CoinGecko, April 1, 2025). The lower-cap tokens on Coinbase also showed substantial volume increases: $MOG with 500 million tokens traded, a 40% rise; $GIGA with 300 million tokens traded, a 35% increase; and $KEYCAT with 200 million tokens traded, a 30% surge (source: Coinbase, April 1, 2025). These volumes suggest strong investor interest and potential for continued upward momentum. Additionally, the trading pairs involving these meme tokens against major cryptocurrencies like BTC and ETH also showed increased activity, with $DOGE/BTC trading volume up by 20% and $SHIB/ETH up by 15% (source: Binance, April 1, 2025).

Technical indicators further support the bullish trend observed in meme tokens. The Relative Strength Index (RSI) for $DOGE stood at 70 at 14:00 UTC, indicating overbought conditions but still within a bullish range (source: TradingView, April 1, 2025). $SHIB's RSI was at 68, also suggesting a strong bullish sentiment (source: TradingView, April 1, 2025). For the lower-cap tokens, $MOG had an RSI of 72, $GIGA at 70, and $KEYCAT at 69, all indicating strong buying pressure (source: Coinbase, April 1, 2025). On-chain metrics such as active addresses and transaction volumes further corroborate this trend. $DOGE saw 1.5 million active addresses in the last 24 hours, up by 20% (source: CoinMetrics, April 1, 2025), while $SHIB had 500,000 active addresses, a 15% increase (source: CoinMetrics, April 1, 2025). The lower-cap tokens also showed significant on-chain activity, with $MOG having 100,000 active addresses, up by 25%; $GIGA with 80,000 active addresses, up by 20%; and $KEYCAT with 60,000 active addresses, up by 18% (source: CoinMetrics, April 1, 2025).

In the context of AI-related news, there has been no direct impact on AI-related tokens from the meme token surge. However, the correlation between meme token performance and broader market sentiment can influence AI tokens indirectly. For instance, the sentiment-driven rally in meme tokens could lead to increased trading volumes in AI tokens like $FET and $AGIX, which saw trading volumes rise by 10% and 8% respectively over the same period (source: CoinMarketCap, April 1, 2025). This correlation suggests potential trading opportunities in AI/crypto crossover, as positive market sentiment might encourage investors to diversify into AI tokens. Additionally, AI-driven trading algorithms might capitalize on the increased volatility, further influencing trading volumes across the market. The development of AI technologies continues to impact overall market sentiment, with recent advancements in AI trading bots contributing to a 5% increase in overall trading volumes on major exchanges (source: CoinMarketCap, April 1, 2025).

Eric Cryptoman

@EricCryptoman

Veteran crypto trader since 2016 with proven 100x calls, #6 ranked ByBit Futures WSOT competitor, and three-time bear market survivor.