As a researcher with a background in cryptocurrencies and a keen interest in meme coins, I find Saturday’s price action to be an exciting development in the digital asset market. The significant 7.77% increase in the broader crypto market cap, which propelled it to a record-breaking $2.37 trillion, is a clear indication of renewed investor interest and bullish momentum.
On Saturdays session, the cryptocurrency market exhibited robust buying activity and renewed enthusiasm, leading to a significant increase of 7.77% or $2.37 trillion in the total market capitalization.
In the past day, the meme coin market experienced a significant surge, rising by 16.7%, and now holds a total worth of approximately $57.7 billion, as reported by CoinGecko.
Here are the standouts.
Dogwifhat
Leading the charge among big-cap meme coins was Dogwifhat (WIF).
On November 20, 2023, the cryptocurrency built on the Solana platform experienced a significant jump, with a 23% rise observed within the last day. Additionally, there was a noteworthy gain of approximately 28.65% over the past week.
At present, WIF is priced at $3.37. Its market capitalization hovers around $3.4 billion, making it the fourth largest meme coin and the 33rd biggest cryptocurrency by market size.
Floki
As an analyst, I’ve observed a significant surge in the value of FLOKI, a digital token inspired by dogs. The price has jumped to $0.0001994, marking a noteworthy gain of approximately 21.58% within the past 24 hours.
Additionally, Floki’s price has surged 18.11% over the last seven days.
As an analyst, I’ve noticed that the meme coin with a dog theme, which was introduced in September 2021 following a popular tweet from Elon Musk about Tesla and dogs, has consistently shown an uptrend in its value.
The green turn is evident in Floki’s 14-day price chart, showing a jump of more than 44%.
Dogecoin
As a crypto investor, I’m excited to see that Dogecoin (DOGE), the fun and quirky digital currency with a dog theme, has experienced a significant surge of 20.27% over the past 24 hours.
The digital asset, introduced in December 2013, currently trades at $0.159.
I’ve analyzed the cryptocurrency market over the last week, and I noticed that DOGE, similar to Dogecoin and Floki, has experienced a significant price surge. Specifically, DOGE has seen a noteworthy rise of approximately 10.46% based on the data from CoinMarketCap.
I’ve observed an uptick in value for this meme coin over the past 14 days, amounting to a 4.4% increase from its position two weeks ago. Nevertheless, it’s essential to note that the price is currently 12.3% lower than it was one month ago.
Not to be outdone, other meme coins have also posted double-digit gains in the last 24 hours.
Over the past week, Shiba Inu (SHIB) has seen a significant gain of 11.98%, currently priced at $0.00002553. Simultaneously, Pepe (PEPE) has undergone an impressive rise of 16.69%.
Bonk (BONK) has also seen its price rise by 11.51% in the last 24 hours, reaching $0.00002915.
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2024-05-04 15:58