Here’s why Dogwifhat, Jupiter, Zerebro, Popcat coins are going up

Top tokens in the Solana ecosystem continued their bullish trend this week as sentiment in the crypto industry improved. Solana ( SOL ) price jumped for four straight days, reaching a high of $155, its highest level since March 3. It has jumped by over 60% from the lowest level this year. This rally , along with the recent surge in Fartcoin ( FARTCOIN ), has triggered a significant rebound in tokens within the Solana ecosystem. Dogwifhat ( WIF ) rose to $0.6595, up by 103% from its lowest level this year. Jupiter ( JUP ), the second-biggest decentralized perpetual futures exchange, rose to $0.50, while Zerebrol ( ZEREBRO ) is up by 240% in the last seven days. Popcat ( POPCAT ) has risen by 87% in the same period. Other top meme coins in the Solana ecosystem have surged, pushing their total market cap to $10 billion. WIF, Popcat, Zerebro, and Popcat price chart | Source: crypto.news You might also like: TRUMP coin soars 73% on dinner hype — but July’s unlocks could tell a very different story Why Dogwifhat, Popcat, Zerebro, and Popcat have surged These tokens have surged due to the ongoing recovery in the crypto and stock markets . Bitcoin, which sets the tone in the crypto market, crossed the crucial resistance level at $95,000 for the first time in over a month. Additionally, the market capitalization of all coins surpassed $3 trillion. The stock market is also doing well. After falling to $36,500 earlier this month, the Dow Jones Index has recovered to $40,000, while the tech-heavy Nasdaq 100 index has jumped from $16,550 to $19,200. These assets have spiked after Donald Trump said that he would not dismiss Federal Reserve Chair Jerome Powell , a move that would have been unprecedented. Trump also showed openness to reaching a trade agreement with China. Solana meme coins have also surged in value due to Fartcoin’s performance. After falling to a low of $0.2015 in March, the coin has surged by 455% to nearly $ 1.20. As such, crypto investors have moved to other similar coins hoping for such big moves. The risk, however, is that the ongoing Jupiter, Dogwifhat, Virtuals, and Popcat rally is a dead cat bounce. A dead cat bounce is a brief rally that happens when an asset is in a downward trend. You might also like: Is Ethereum dead? Chart shows the key ETH price to watch