$25 Billion for DOGE: New Market Cap Milestone Just Hit

Top Meme Cryptocurrencies Surge Amidst Market Decline

Meme cryptocurrencies have dominated the top 100 cryptocurrencies for the second consecutive day. Dogecoin (DOGE) and Shiba Inu (SHIB), the two leading meme coins, have achieved significant market capitalization milestones despite the downturn in crypto benchmarks.

Dogecoin (DOGE) Outperforms All Cryptos

Dogecoin (DOGE), the original meme cryptocurrency, has emerged as the fastest-growing cryptocurrency in the top 100, gaining 7.8% in the past 24 hours. Its market capitalization has surpassed $25 billion.

Shiba Inu (SHIB) Gains Ground

Shiba Inu (SHIB), the second-largest meme cryptocurrency, has also surged, increasing by 3.7%. Its market capitalization has exceeded $10.5 billion.

Popcat (POPCAT) and Bonk (BONK) Battle for Dominance

Popcat (POPCAT), the largest cat-themed cryptocurrency, has experienced a 4.5% surge overnight. It is currently vying with Bonk (BONK), another notable meme coin, for the position of the 63rd largest cryptocurrency. Bonk has gained 3.7% in the last 24 hours.

Meme Coins Dominate Top Performers

Out of the five best performers in the top 100, four are meme coins. The remaining member is BGB, the native cryptocurrency of the Bitget exchange.

Cat in Dogs World (MEW) Returns to Top 100

Less prominent meme coins are also experiencing gains. Cat in Dogs World (MEW), the first cat-coin to enter the top 100, has returned to the rankings. With a 3.5% increase, its market capitalization has reached almost $750 million.

Benchmark Crypto Market Remains Negative

Despite the surge in meme cryptocurrencies, the overall crypto market benchmark remains negative. The total capitalization of the cryptocurrency market has declined by 1.2% today, edging closer to $2.4 trillion.