Crypto News

Jenner Price Soars 50%, Will It Sustain?

Caitlyn Jenner (JENNER) is up 54% today as the wider market records upticks following a slight correction due to falling sentiments.

Published by

David Pokima

Updated 27 Aug, 2024 | 10:23:36 AM UTC

Jenner Price Soars 50%, Will It Sustain?

Caitlyn Jenner (JENNER) has recorded gains in the last 48 hours adding to the list of new tokens marking inflows. The asset-backed by popular celebrity Caitlyn Jenner became a trendy asset around crypto spaces since its launch and has surged to new highs with some bulls projecting a wider inflow.

JENNER is up 54% in the market today to trade at $0.008979, an attempt to recover weekly positions as sentiments become more positive. These daily gains can be seen in a slew of meme coins as new tokens spiked over 50% today.

JENNER Community Relish Inflows

Fans of the celebrity have lauded the growth so far with bulls looking to wider market gains. Recent gains have pushed the market capitalization to $8.6 million while trading volumes skyrocketed 130% in the last 24 hours. Interestingly, the asset is up 127% from its all-time low on May 31.

While sentiments in meme tokens soar due to the market recovery, JENNER price faced setbacks this week. The token is down 55% in the last seven days after hitting all-time lows and slipped 71% from its all-time high on May 28. Jenner tapped $0.030 with a frenzy on the back of its launch.

The future projection of the asset lies with bullish activity and wider crypto market perception. Recently, Caitlyn Jenner expressed support for the asset after a recent ad confusion. Jenner noted that there is no other affiliation with another token with a subsequent launch on Ethereum.

“That ad for a third-party token was taken down! As I have said from the beginning the only focus I have is $Jenner and the ad I posted confused too many people, and was not worth it. Like I had said time and time again I’m fully focused on my token $Jenner.”

Wider Meme Coins Pick Up Gains

Meme coins are surging in price this weekend with tokens hitting 50X gains. Biggest gainers include Mother Iggy which saw 168% inflows today while Bird Dog and CatSolHat notched 102% and 74% respectively. Top assets like Dogecoin (DOGE) and PEPE recovered slightly dogwifhat, Floki, and Bonk remain in the red zone.

Also Read: Here’s How This Crypto Trader Made $160,000 With Trump’s Conviction

David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Published by

David Pokima

Updated: 27 Aug, 2024 | 10:23:36 AM GMT

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