Meme coins were very popular in the early stages of the pandemic, however, they experienced a period of relative dormancy for a while. The cryptocurrency market witnessed a notable resurgence of interest in meme coins over the past week following the upwards rally by Bitcoin with ETF approvals.
During the past week, there has been a lot of buying activity in the meme coin market, as the price gains surged for well-known meme coins, including PepeCoin, Dogecoin, FLOKI, Shiba Inu, and BONK.
PepeCoin (PEPE) Surged 406%
As of the moment of writing, PepeCoin (PEPE) has increased by as much as 32.70% over the last 24 hours, bringing its weekly gains to nearly 406%, and its price is $0.000007136.
According to CoinmarketCap data, trading volumes for the tokens with frog themes surged to all-time highs of $3.0 billion.
Based on its current performance, the general trajectory of the cryptocurrency market, and Bitcoin’s ongoing quest for a new peak, Pepecoin is probably going to see even bigger gains in the near future.
DogeCoin (DOGE) Surged 91%
Dogecoin has moved up to the seventh position as of this writing, with a noteworthy 91.62% increase in value throughout the one week period.
DOGE surged an additional 18.35% to the price of $0.1636 at press time, placing it well outside the top cryptocurrencies under $0.10 in its 24-hour performance. Data from CoinmarketCap shows that DogeCoin trade volumes is at $24 billion.
Floki (FLOKI) Surged 313%
Floki, the Vikings character created by Hans Christian Skarsgard, has increased by as much as 313.74% over the past seven days, bringing its daily gains to about 12.10%.
At the time of writing, the meme currency, which is one of the most popular assets in the Web3 ecosystem, was trading at $0.0001552, while experiencing considerable volatility.
Shiba Inu (SHIB) Surged 182%
With a gain of 182.23% as of the time of writing, the meme coin with a dog theme is currently the fifth-biggest gainer in the cryptocurrency market.
With a writing time price of $0.00002722, Shiba Inu, an Ethereum (ETH)–based cryptocurrency, is up 26.90% over the last 24 hours, suggesting that the surge is far from over. Data from CoinmarketCap indicates that there are $16 billion in trading volumes for SHIB.
Bonk (BONK) Surged 218%
The original meme coin of the Solana (SOL) blockchain, BONK, has gained 218.32% over the last seven days, making it the fourth-biggest gainer in the cryptocurrency market.
Furthermore, at the time of writing, in the last 24 hours, BONK has increased by an additional 58.05% and is currently trading at $0.00003956. CoinmarketCap data shows that the trading volume for BONK is $2 billion.
Meme coins’ standing in the cryptocurrency market and the listed assets’ overall notoriety make their current performance hardly surprising.
Also Read: PEPE Surpasses DOGE, SHIB As Gainer, Ranks 3rd in Meme Coins
