Meme Coin Economy Grows by $759M in 30 Days: DOGE and SHIB Still Dominate the Market

The apical meme cryptocurrency assets, arsenic ranked by marketplace capitalization, person accrued successful worth by $759 cardinal implicit the past 30 days. Dogecoin (DOGE), starring the battalion of meme coins, has risen much than 10% successful the past month. Meanwhile, the 2nd and 3rd largest meme coins, shiba inu (SHIB) and pepe (PEPE) person seen increases of 1% and 1.6% respectively.

Meme Cryptocurrencies Gain $759M successful a Month, Led by Dogecoin

As of Sunday, July 23, 2023, the meme coin system is valued astatine $16.29 billion, up from $15.54 cardinal a period earlier connected June 22. This indicates a summation of much than $759 million, oregon 4.82%, against the U.S. dollar successful the apical meme coin economy.

Over the past 30 days, dogecoin has accrued by much than 10% and has risen 1.3% against the U.S. dollar this past week. With a marketplace valuation of $10.12 billion, Dogecoin represents 62.12% of the full worth of the meme coin economy.

SHIB has accrued 1% against the U.S. dollar implicit the past month, though seven-day statistic amusement a nonaccomplishment of 2.7% this past week. With a marketplace valuation of $4.61 billion, SHIB accounts for 28.29% of the nett worth of the meme coin economy. Combined with Dogecoin, these 2 coins predominate 90.41% of the meme coin economy.

Pepe (PEPE), the 3rd largest meme coin asset, roseate 1.6% implicit the past month. However, successful the past week, PEPE’s worth has decreased by 7.6%. With a marketplace valuation of $628 million, PEPE represents 3.85% of the nett worth of the meme coin economy.

In the past 24 hours, the meme coin system has seen $528 cardinal successful planetary commercialized volume. The apical 3 performers connected Sunday were kabosu inu (KABOSU), 3d3d (3D3D), and pepemon pepeballs (PPBLZ), which gained betwixt 9.9% and 210% respectively.

The 3 largest decliners against the U.S. dollar successful the meme coin assets were shibaken concern (SHIBAKEN), cheems inu (CINU), and dingocoin (DINGO), losing betwixt 7% and 22% implicit the past day. Regarding 24-hour volume, DOGE leads, followed by SHIB and PEPE, portion FLOKI takes the 4th presumption this weekend.

What bash you deliberation astir the meme coin token system gaining $759 cardinal successful the past 30 days? Share your thoughts and opinions astir this taxable successful the comments conception below.