On April 20, Doge Day occurred, and just a day after, the value of Dogecoin, the well-known digital currency based on the Shiba Inu dog meme, along with others, significantly increased as the cryptocurrency market regained its stability.
Dogecoin finds footing
Based on information from CoinMarketCap, which tracks cryptocurrency data, Dogecoin (DOGE) has increased by 6.22% within the past 24 hours. During this period, over $1.5 billion in Dogecoin transactions occurred.
The price of Dogecoin currently stands at $0.1615 per token, representing a 6.2% increase over the past week and a 3.6% rise in value compared to a month ago. Nevertheless, it remains almost 19% below its price from two weeks back.
Shiba Inu up by double figures
In the wider cryptocurrency sector, Shiba Inu (SHIB) ranks as the 11th largest market capitalization and is the second-largest meme coin. Over the past day, SHIB experienced a notable surge, with its price rising over 16%.
This represents a progression in Shiba Inu’s price increase, which began approximately a week ago, after experiencing a correction. A significant trading volume of $1.4 billion during the past 24 hours contributed to DOGE being the eight busiest cryptocurrency in terms of market activity.
Floki: the best performer among 5 biggest meme coins
In the past 24 hours, Floki (FLOKI), one of the top five largest meme coins based on market capitalization, experienced the greatest increase in price.
Based on data from CoinMarketCap, the price of FLOKI, currently at $0.0001705, has surged over 20%, despite a smaller trading volume compared to DOGE and SHIB, with a volume of $360 million each.
The present height of FLOKI is over 16% greater than it was a week prior, and represents a remarkable improvement of approximately 454% in comparison to its level from last year.
Despite showing a decrease, the meme coin has not recovered yet, as it is currently 17% below its value from a week ago and over 23% down compared to its price one month ago.
In the past 24 hours, ERC20 has been the leading meme coin with an astonishing price surge of 1,231%.
Solama, Popcat, and Bonk (BONK) also registered top performances, with their prices gaining 96%, 48%, and 41%, respectively.
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2024-04-21 19:16