Thursday, January 27, 2022

Meme Token Economy Climbs 14% in 2 Weeks — DOGE, SHIB Command 83% Dominance – Markets and Prices Bitcoin News

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Toward the tip of this week, crypto-assets rebounded in worth after meandering for 2 weeks and consolidating. While particular tokens like decentralized finance (defi) cash, metaverse tokens, and sensible contract cash improved an amazing deal, the meme-token financial system elevated in worth as effectively, as a lot of meme cash like dogecoin, shiba inu and dogelon mars have seen vital good points over the past seven days.

Meme Coins Climb Higher in Value This Past Week — Shiba Fantom and Luni Lead the Pack

21 days in the past on December 5, the meme token financial system was down greater than 12% and hovering simply above the $47 billion area. Today, the market valuation of the meme-based crypto financial system is $54.1 billion, up 14.61% since that day. Out of the highest ten meme-based crypto belongings at present, 8 out of 10 of them noticed seven-day good points. The largest meme-based crypto-asset dogecoin (DOGE) jumped 9.6% final week whereas shiba inu (SHIB) spiked 21% throughout that time-frame.

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Meme-coin financial system through Coingecko.com on December 26, 2021.

Other prime ten meme-based belongings that noticed good points final week embody spell token (31.5%), dogelon mars (51.7%), child doge coin (41.1%), cate coin (22%), and dogebonk (27.5%). However, the largest meme coin gainers this previous week embody shiba fantom (193.5%), luni (189%), fantom doge (67.2%), and kawakami (57.5%). The greatest losers in the world of meme-based cash embody smugdoge (-54.4%), shibavax (-42.1%), and iotxshiba (-36.4%).

Dozens of ‘Dog,’ ‘Shiba,’ ‘Doge,’ and ‘Shib’ References in Meme Coin Names

Today’s 24-hour meme coin gainers embody luni, shiba fantom, and cake monster. With the meme-coin mixture worth of all of the tokens on Sunday, December 26 at $54.1 billion, dogecoin and shiba inu make up many of the whole. Dogecoin’s market capitalization at present is $25 billion and shiba inu’s market cap is $20 billion.

That’s roughly 83.17% of the whole meme-coin financial system worth on Sunday morning (EST). The complete meme coin financial system dominance, in opposition to the $2.49 trillion value of all of the crypto cash in existence, is roughly 2.17% at present.

In addition to the standard meme cash folks speak about each day like SHIB and DOGE, a slew of cash share comparable names. 24 meme cash in the meme token market financial system, recorded by coingecko.com on December 26, comprise the time period “doge” in the identify, 29 tokens have the time period “dog” in the identify. 19 meme cash have the time period “shiba” in the identify, 25 use the time period “shib,” and 12 cash use the time period “inu” in the identify.

Tags in this story
Baby Doge Coin, catbonk, crypto meme belongings, Dog Coins, Dog Tokens, Doge, dogebonk, dogecoin, Dogecoin value, Dogelon, dogelon mars, Dogs, donkey, Elon Musk, fantom doge, Gains, kitty coin, meme coin belongings, Meme Coins, Meme Token, meta doge, shib, SHIB value, shiba inu, Shiba Inu Gains

What do you concentrate on the meme-coin belongings that noticed respectable seven-day good points? Let us know what you concentrate on this topic in the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News in regards to the disruptive protocols rising at present.




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