1 year ago
Meme coins person been connected a teardrop implicit the past month, expanding by $6.7 cardinal and 39.18% since Nov. 8. While bonk (BONK) led the battalion this past week, rising 153% against the U.S. dollar, respective different meme coins similar dogecoin, shiba inu, and pepe recorded double-digit gains.
Explosive Growth successful Meme Coin Sector arsenic Market Cap Hits $23.8 Billion
The meme coin system is presently valued astatine $23.8 billion, up $6.7 cardinal from the $17.1 billion people recorded 30 days ago. Nine retired of the apical 10 meme tokens person witnessed double-digit gains implicit the past week.
The apical 2 leaders, successful presumption of marketplace valuation, DOGE and SHIB, jumped 19.1% to 21.5%, respectively. The third-largest, pepe (Pepe), roseate 43.5% against the greenback implicit the past week.
BONK is up 153%, portion FLOKI accrued by 24.2% this week. MEME saw a 34.3% gain, and BABYDOGE has accrued by 30.8%. CORGIAI was the lone subordinate of the apical 10 without double-digit gains, but it did emergence 4.5% implicit the past 7 days.
The tenth largest meme coin, dubbed “harrypotterobamasonic10inu,” roseate by 31.9% against the U.S. dollar. Other notable gainers successful the satellite of meme coins were DOG, TOSHI, HUAHUA, and NFD.
In fact, including BONK, a full of 11 meme-based crypto assets recorded triple-digit gains. A full of 53 meme coin assets recorded double-digit gains against the U.S. dollar.
The apical meme coin, dogecoin (DOGE), has a marketplace valuation of $14.12 billion, which equates to 59.32% of the full meme coin economy. Shiba inu (SHIB) has a $5.97 cardinal marketplace headdress connected Dec. 9, 2023, accounting for conscionable implicit 25% of the meme coin market’s $23.8 billion.
What bash you deliberation astir the gains meme coins person seen implicit the past week? Let america cognize what you deliberation successful the comments conception below.
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