Investors Celebrate Significant Gains in Meme Coins

Investors Celebrate Significant Gains in Meme Coins

The meme coin market, a vibrant aspect of cryptocurrencies, has witnessed notable activity recently, impacting the broader market. Surging prices of PEPE and WIF have delighted investors, while DOGE has shown impressive price movements amid stagnant market conditions.

Dogecoin (DOGE)

Elon Musk's sustained support for DOGE has contributed to its recent surge. In the past 24 hours, DOGE's price has risen by 6.92% to $0.1339, marking a 19% increase over the past week. However, a slight dip of 0.83% in the last hour suggests a potential waning of investor interest.

DOGE's market capitalization has surpassed $19 billion for the first time in a while, reaching $19.44 billion. Notably, the 24-hour trading volume has exceeded $1.080 billion, reflecting a 58% increase.

Shiba Inu (SHIB)

SHIB, the second-largest meme coin by volume, has experienced a 10% decline due to selling pressure. Despite this, it has shown resilience with a 5.44% rise over the past seven days. Currently, it trades at $0.00001817 after a 0.71% increase in the last 24 hours.

SHIB's price in Turkish Lira (TRY) is 0.00060160 TL. Its market capitalization approaches $11 billion, while its trading volume has decreased by 24% to $444 million.

Pepe Coin (PEPE)

Despite a rise in the last 30 days, PEPE's price has declined today. Its price has dropped by 4.99% in the last 24 hours, resulting in a current value of $0.00001227.

PEPE/TRY's price is 0.00040964 TL. Its market capitalization has fallen to $5.1 billion, while its trading volume has dropped below $1 billion to $859 million.