Recent developments have seen meme-based digital currencies surge in the cryptocurrency market, with notable increases in value over the past 48 hours. A significant cash infusion of $10 million has propelled Floki to sharp gains, while PEPE is on the brink of its historical peak value. Meanwhile, major players such as DOGE and SHIB continue to perform robustly, with DOGE benefiting from celebrity endorsements, including Elon Musk’s support.
DOGE’s Market Surge
DOGE, a pioneering meme coin, has witnessed more than a 16% surge in the last day, breaching the $0.1 threshold. Its current trading price stands at $0.11326. This increase, mirroring Bitcoin‘s recent spike, has also caused DOGE’s market capitalization to swell by 16% to over $16 billion, and its daily trading volume to double to $3.5 billion, indicating surging investor interest.
SHIB, once dubbed the “DOGE killer,” has exhibited a 4.5% increase in the same timeframe, reverting to the $0.00001140 price level. SHIB’s market cap has also grown by over 5% to reach $6.7 billion, securing its place among the top cryptocurrencies by market capitalization.
SHIB’s Steady Climb
In the shadow of Bitcoin’s upward trend, SHIB has managed to keep up, posting a 4.5% increase in value within 24 hours. Its market capitalization has climbed over 5%, and the 24-hour trading volume spiked by 43%, suggesting heightened trading activity.
The meme coin sector, which gained significant attention in the last bullish wave, witnessed an uptick following strategic announcements. Notably, Floki’s price soared post-investment, and PEPE continued its ascent, edging closer to its all-time high, evidencing a vibrant and responsive market segment for meme-themed cryptocurrencies.