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

Toward the top of this week, crypto-assets rebounded in worth after meandering for 2 weeks and consolidating. While particular tokens like decentralized finance (defi) coins, metaverse tokens, and sensible contract coins improved an incredible deal, the meme-token financial system elevated in worth as nicely, as quite a few meme coins like dogecoin, shiba inu and dogelon mars have seen vital features 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 property immediately, 8 out of 10 of them noticed seven-day features. The largest meme-based crypto-asset dogecoin (DOGE) jumped 9.6% final week whereas shiba inu (SHIB) spiked 21% throughout that timeframe.

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Meme-coin financial system by way of Coingecko.com on December 26, 2021.

Other prime ten meme-based property that noticed features final week embrace spell token (31.5%), dogelon mars (51.7%), child doge coin (41.1%), cate coin (22%), and dogebonk (27.5%). However, the most important meme coin gainers this previous week embrace shiba fantom (193.5%), luni (189%), fantom doge (67.2%), and kawakami (57.5%). The largest losers in the world of meme-based coins embrace 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 embrace 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 a lot of the complete. Dogecoin’s market capitalization immediately is $25 billion and shiba inu’s market cap is $20 billion.

That’s roughly 83.17% of all the meme-coin financial system worth on Sunday morning (EST). The total meme coin financial system dominance, in opposition to the $2.49 trillion price of all of the crypto coins in existence, is roughly 2.17% immediately.

In addition to the same old meme coins folks discuss every day like SHIB and DOGE, a slew of coins share related names. 24 meme coins in the meme token market financial system, recorded by coingecko.com on December 26, include the time period “doge” in the title, 29 tokens have the time period “dog” in the title. 19 meme coins have the time period “shiba” in the title, 25 use the time period “shib,” and 12 coins use the time period “inu” in the title.

Tags in this story
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What do you concentrate on the meme-coin property that noticed respectable seven-day features? Let us know what you concentrate on this topic in the feedback part under.

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 group 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 concerning the disruptive protocols rising immediately.




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