Dog-Themed Coins Gain Momentum in Crypto Market
The crypto market is experiencing a surge, with Bitcoin nearing $60,000 and Ether maintaining its position above the $3,000 mark. Amidst this bullish sentiment, dog-themed coins have emerged as some of the best-performing cryptocurrencies in recent days.
The Popularity of Dog-Inspired Cryptocurrencies
Dog-inspired cryptocurrencies have gained significant popularity among the crypto community. This trend started with the internet doge meme and has since given rise to various memecoins in the market. While Dogecoin remains one of the largest by market capitalization in this category, other dog-themed coins are also making their mark.
According to CoinGecko data, the overall market capitalization of dog-themed coins has grown by 12.8% in the last 24 hours. The sector’s market cap now stands at an impressive $23.8 billion, with a trading volume of over $4.25 billion during the same period.
Top Gainers Among Dog-Themed Coins
While Dogecoin, Shiba Inu, and Bonk are leading the dog-inspired market in terms of market capitalization, they are not among the top gainers in the last day or week. Here are three of the top-performing dog-themed coins:
Dogwifhat (WIF)
WIF has seen a price jump of 41.9% in the last 24 hours, reaching $0.7765. It even recorded a new all-time high earlier today at $0.79. The token’s trading volume has also increased by 34.30% in the past day, indicating growing interest among investors. Over the last 7 and 30 days, WIF has seen impressive price jumps of 117.8% and 137.8%, respectively.
FLOKI
FLOKI has been experiencing a surge in price after DWF Labs announced its plans to strengthen its partnership with the project. The token’s price has risen by 37.7% in the last 24 hours and is currently trading at $0.00005973. FLOKI has outperformed the global crypto market in the past week, with an 85.4% increase in price. Its trading volume has also seen a significant boost of 116.6% in the past day.
Chihuahua Chain
Chihuahua Chain surprised the crypto community with a massive 48.4% price jump in the last 24 hours. The token went from $0.00018 to $0.0003411, and its daily trading volume increased by 140.4%. This performance has been sustained over the past month, with a growth rate of 50.3%.
Closing Thoughts
The recent bullish sentiment in the crypto market has resulted in significant gains for various cryptocurrencies, including dog-themed coins. These coins have gained popularity among investors, with impressive price jumps and increased trading volumes. As the crypto market continues to evolve, it will be interesting to see how these dog-themed coins perform in the long run.
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