Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 01
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- Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy
- Jan 01, 1970 at 08:00 am CoinDesk
- Despite their polarizing nature, memecoins have garnered significant attention within the crypto community and are increasingly gaining prominence. As of December 1, they constitute over $140 billion in market value, accounting for 11.21% of the non-Bitcoin and Ethereum market share. Powered by cryptocurrencies like Dogecoin and Shiba Inu, memecoins have experienced explosive growth, outpacing Bitcoin and Ethereum in market capitalization and trading volume since January 1. Their growth underscores the influence of retail investors, raising concerns about speculative bubbles and the potential duration of the current bull run.
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