Serious Jokes: Meme Coins Are Now Worth $33 Billion, Dogecoin Leads The Pack
Meme coins like Dogecoin have gained increasing popularity this last year. Bets placed on internet jokes are now as common as one placing sports bets. With each passing day, more meme coins flood the market. Most destined for a rug pull that will see the coin crash and burn. Never to be seen or heard […]
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The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today.
Meme Token Assets See Double-Digit Gains on Monday Following Dogecoin’s Rise
Following Elon Musk’s acquisition of Twitter for $44 billion, digital currency markets jumped in value and crypto meme tokens saw a significant spike. 24-hour statistics at 4 p.m. (ET)....
The end of 2021 is approaching and the market capitalization of meme-based digital currencies like dogecoin and shiba inu has been extremely prominent this year. In fact, the $46.9 billion worth of meme crypto-assets represents 2% of the $2.32 trillion crypto economy. Dogecoin and shiba inu alone capture roughly 85.28% of the meme crypto market valuation today.
Meme-Based Crypto Economy Taps $46 Billion in 2021
It’s been a good year for meme-based crypto assets like dogecoin (DOGE), the OG of meme-based assets, which has seen its market valuation swell by 4,375.9%....
The meme coins have had what can be said to be an amazing year so far. What started with Elon Musk shilling Dogecoin on Twitter has bloomed into a billion-dollar space. Meme coin after meme coin had followed Dogecoin and a good percentage of them had found favor in the market such as Shiba Inu […]
Oh, you topple central banks? We have a meme. Since Dogecoin's creation last December, there has oft been the murmur on social media by bitcoin enthusiasts calling it "another pump and dump" or a meme-ified Litecoin with inflation. Those accusations may be true, but in the eyes of Dogecoin enthusiasts (Shibes), they are assets. Dogecoin was never intended to be the government-breaking bank-challenger that bitcoin is. A co-founder of Dogecoin, Jackson Palmer, said to ABC, "People are trading coins for small purchases, like in an online game where you can purchase a different set of armor, I....
While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The top two meme digital assets dogecoin and shiba inu have seen double-digit losses during the last seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours.
Dogecoin and Shiba Inu Lose Double-Digits Last Week
During the course of the year, meme-based crypto assets were all the rage and many of them have gained significant value in 2021.
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