The third week of June 2024 started with exciting news for cryptocurrency investors who hold memecoins in their digital wallets. Not only have memecoins registered a price increase in a market that has been challenging even for popular cryptocurrencies like Bitcoin and Solana. Additionally, the famous platform Sandbox announced the purchase of various memecoins, which increased the popularity of these emerging stars in the crypto world.

Which Memecoins are on the Rise?

As of Wednesday, June 19, 3 memecoins have rallied in a very challenging cryptocurrency market. Leading the race is Grok 1.5, which saw an impressive 104.79% increase in value in the last 24 hours. Similarly, BEFE recorded a 68.60% increase in the last 24 hours. Lastly, Churro, the Dog of Jupiter, achieved a daily increase of 65.77%. While these 3 coins are leading the market valuation race this week, they are still far from the popularity of more established memecoins like Dogecoin, Shiba Inu, and PEPE.

These 3 more established coins also saw a price increase in the last 24 hours of 1.02%, 0.70%, and 6.40%, respectively. These coins also caught the attention of a popular gaming platform in the crypto space. As we show below, Sandbox announced on Tuesday, June 18, 2024, that it bought several memecoins, which is an exciting development for metaverse gamers and memecoin investors.

Memecoins Bought by Sandbox

Sandbox, a platform created in 2012 and currently used by over 40 million players, announced that it bought the memecoins DOGECOIN, SHIBAINU, DEGEN, BONK, MEME, and PEPE in an attempt to demonstrate its commitment to “keeping up with industry trends.” According to the Sandbox team of representatives, this purchase reflects the platform’s belief in the “culture of creativity” represented by memecoins.

Conclusion

Sandbox has heavily invested in Web 3 technology, which, along with the purchase of the mentioned memecoins, can make it even more popular in the crypto universe. In turn, as it becomes more popular due to its belief in innovation, this gaming platform may make the memecoins it recently bought more valuable. Investors interested in buying rising memecoins this week can benefit from Coinbase, an easy-to-use and reliable platform.

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