Memecoin Mania Sweeps the Crypto Market – Three to Watch This Week

This week’s crypto rally is fueled by positive market sentiment, which has propelled memecoins back into focus. Cooling US-China trade tensions and softer US inflation data are reigniting hopes for earlier Fed rate cuts, leading to a surge in global crypto market capitalization to $3.59 trillion on June 11. Trading volume hit $135.14 billion daily. While top tokens like Bitcoin (BTC), Ethereum (ETH), and XRP held steady after modest pullbacks, the broader market is seeing renewed interest in altcoins. Memecoins are leading the charge, with a surge in popularity over the past week.