MOTHER Iggy is beating DADDY Tate as meme coins rebound

Avatar

The MOTHER Iggy token has bounced back in the past few days and is slowly beating DADDY Tate. While both tokens are sharply lower than their all-time high, MOTHER has rebounded by over 75% from its lowest level this month. DADDY Tate has crashed by almost 30% from its highest level this week.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

MOTHER vs DADDY performance

DADDY and MOTHER tokens have been some of the most prominent celeb-themed tokens in the past few weeks. DADDY is associated with Andrew Tate, an online provocateur with millions of followers. MOTHER, on the other hand, is linked with Iggy Azalea, one of the most popular musicians.

Their recent performance happens at a time when meme coins are some of the fastest-growing areas in the crypto industry. Indeed, most meme coins like Michi, Hoppy, Doland Tremp, MAGA Hat, Apu Apustaja, and Ponke have become some of the best-performing tokens in the past few days.

It is unclear whether the price of MOTHER and DADDY will retest their all-time highs since they need to jump by over 125% from their current levels. This rebound is still possible as we have seen with other meme coins in the past. 

For example, Bonk price dropped by over 73% between December 2023 and January 2024. It then rebounded and reached a record high in March. Similarly, Pepe initially crashed by over 81% between May 2023 to its lowest point in June. It then soared to a record high earlier this year. 

Therefore, there is a likelihood that MOTHER and DADDY will rebound, a situation that will happen if Bitcoin resumes rising as some analysts believe.


Source link

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

FedEx shares surge over 13% as investors welcome $1.8 b reduction in structural costs

Next Post

Is Goldman Sachs’ GPIQ ETF a good Nasdaq 100 fund to buy?

Related Posts