Post-halving market shake-up: DUKO thrives as major cryptocurrencies falter

Apr 20, 2024 at 1:34 PM UTC

Edited by Anthony Patrick

Markets

Hours after the highly anticipated Bitcoin halving event, the crypto market’s overall value has decreased by at least 1.32%. However, several meme coins, including Duko (DUKO), PepeFork (PORK) and Byte (BYTE) made substantial gains.

Duko

According to crypto data aggregator CoinMarketCap, DUKO jumped more than 76% in the last 24 hours and was trading at $0.002852 at the time of this writing.

The uptick was accompanied by a trading volume of $6,285,822, ranking it as the #448 most traded tokens in the crypto market.

Post-halving market shake-up: DUKO thrives as major cryptocurrencies falter - 4 — DUKO 24 hr price chart | Source: CoinMarketCap

The jump in price continues a trend observed over the last several weeks.

Over seven days, DUKO’s value has increased by more than 122% over seven days, per data from CoinGecko. The meme coin has also been in the green In the 14 days, registering a 32.5% growth.

However, its current price is still nearly 34% lower than it was 30 days ago, despite the impressive upticks in between.

PepeFork

PepeFork (PORK) ranks #591 in terms of market cap. It gained more than 11% in the last 24 hours and is currently changing hands for $0.00000001998.

Post-halving market shake-up: DUKO thrives as major cryptocurrencies falter - 5 — PORK 24 hr price chart | Source: CoinMarketCap

However, over seven days, PORK’s current price reflects an 11.6% drop, while over two weeks, it represents a nearly 38% loss in value.

The trend is akin to PORK’s 30-day price chart, which, according to CoinGecko, is still down by more than 56%.

Byte

The other meme coin to buck the general crypto market trend was Byte, a token inspired by X owner Elon Musk’s announcement that he would name his next pet dog “Byte.”

According to data from CoinMarketCap, the meme coin has risen 12.3% over the previous 24 hours of trading.

Post-halving market shake-up: DUKO thrives as major cryptocurrencies falter - 6 — BYTE 24 hr price chart | Source: CoinMarketCap

The meme coin’s latest price bucks a trend that sees it in the red over different time frames. Compared to seven days ago, the value of BYTE is still 0.9% lower.

Over 14 and 30 days, the picture is much more somber, with the meme coin 12.1% and 41.7% below the price it respectively attained in those periods.

While such lower-capped meme coins have performed well in a post-halving market, better-known tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and Pepe (PEPE), were all in the red.

The biggest loser among them was WIF, whose current price of $2.75 is a 6.7% drop from 24 hours ago.