As a seasoned researcher with a keen eye for market trends and a soft spot for meme coins, I find myself intrigued by the consistent performance of these playful digital assets. The rapid rise of Dogecoin (DOGE) and its meme counterparts like Shiba Inu (SHIB), Popcat (POPCAT), and even the cat-focused Cat in Dogs World (MEW), is a testament to their resilience and the power of community spirit.
Once again, it’s the meme-based cryptocurrencies that are outperforming the pack among the top 100 digital currencies. Dogecoin (DOGE) and Shiba Inu (SHIB), the two leading meme coins, have achieved significant market cap milestones, even as broader crypto indices are experiencing losses.
Dogecoin (DOGE) outperforms all cryptos, SHIB and POPCAT following
On November 5th, 2024, Dogecoin (DOGE), the oldest meme cryptocurrency, is experiencing the most rapid growth among the top 100 cryptocurrencies currently. Over the past day, it has seen a rise of 7.8%. As per the data from CoinGecko tracker, its market capitalization now surpasses a staggering $25.02 billion.
Today, Shiba Inu (SHIB), one of the most popular meme cryptocurrencies, is seeing significant gains. The digital currency has climbed a robust 3.7%. This impressive surge has also pushed SHIB’s market capitalization past $10.5 billion in a swift upward movement.
Speaking in simpler terms, Popcat – a well-known digital currency based on cats and one of Murad’s popular meme coins – has shown remarkable growth and currently ranks as the second-quickest expanding cryptocurrency. Overnight, it experienced an uptick of 4.5%.
In a competitive race, POPCAT and Bonk (BONK) are vying for the position as the 63rd largest cryptocurrency. Over the past 24 hours, Bonk (BONK) has experienced a growth of 3.7%.
Among the top 5 standouts from the top 100 performers, four are meme-based cryptocurrencies. In this exclusive group, BGB, a key indigenous coin from the Bitget exchange, also holds its ground.
Cat in Dogs World (MEW) is back to top 100 cryptos
As a researcher delving into the dynamic world of cryptocurrencies, I’ve noticed an intriguing trend: some lesser-known meme coins are hitting their own peak levels. One such coin, Cat in Dogs World (MEW), which previously made its mark by being the first cat-coin to break into the top 100, has reappeared on these rankings.
Following a notable increase of around 3.5%, the value nearly touched the $750 million mark in equivalent terms. My Neighbor Alice (MEW) finds itself in fierce competition with FLOW and another popular meme coin, BRETT, as it strives to remain among the top 100 cryptocurrencies.
Currently, the crypto market’s benchmark remains in the red. Today, the overall market cap dropped by 1.2%, edging closer to falling beneath the $2.4 trillion mark.
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2024-11-05 19:01