Meme Cryptocurrencies Gain $759M in a Month, Led by Dogecoin
The meme coin economy has experienced significant growth in the past month, with a gain of over $759 million against the U.S. dollar. Dogecoin, the leading meme coin, has contributed to this growth by increasing more than 10% over the past 30 days. Here are the key points:
- The meme coin economy is valued at $16.29 billion, up from $15.54 billion a month earlier.
- Dogecoin represents 62.12% of the total value of the meme coin economy, with a market valuation of $10.12 billion.
- SHIB, the second-largest meme coin, has increased by 1% over the past month but has seen a 2.7% loss in the past week.
- PEPE, the third largest meme coin asset, has risen 1.6% over the past month but has experienced a 7.6% decrease in the past week.
- The top performers in the meme coin economy in the past 24 hours were kabosu inu, 3d3d, and pepemon pepeballs.
Hot Take
Meme cryptocurrencies continue to gain popularity and value, with Dogecoin leading the way. While there have been some fluctuations in the market, overall, the meme coin economy seems to be on an upward trend. Investors and crypto enthusiasts should keep an eye on these assets as they can provide promising opportunities for growth.
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