As an experienced analyst, I’ve closely followed the meme coin market, and based on recent trends, it’s clear that some coins have outperformed the older players like Dogecoin and Shiba Inu. Pepe (PEPE) has been a standout performer, dominating the meme coin space with impressive returns.
Despite being the leading meme coins in the market, Dogecoin and Shiba Inu are currently experiencing a decline in dominance. Newer meme coins have surpassed them in terms of returns, causing the once-popular coins to trail behind as they struggle with losses. Here’s a list of the top meme coins that have delivered impressive gains within the last week:
Pepe (PEPE) Dominates Meme Coins Ahead Of Dogecoin
As an analyst, I’ve been closely monitoring the meme coin market, and Pepe’s performance has been truly remarkable. It started off with a relatively small market cap under $500,000 but experienced one of the fastest growth spikes, reaching over $1 billion. Amazingly, it continues to set new all-time highs among the top meme coins.
Over the past month, Pepe’s price experienced a remarkable surge of over 100% following its recovery from the widespread cryptocurrency crash in April. Reaching an unprecedented high above $0.00001 in mid-May, Pepe’s price then gained another significant 60%, reaching a market capitalization of $6.88 billion, positioning it as the third-largest meme coin currently available.
As a researcher investigating recent cryptocurrency market trends, I’ve found that Pepe has shown remarkable growth over the past week, with its price increasing by an impressive 48.6%. According to the latest data from CoinGecko.
Floki (FLOKI) Beats Out Shiba Inu
Floki’s remarkable transformation this year is undeniably noteworthy, with its market cap soaring from under $500 million to over $2.5 billion within a single year. This impressive growth has catapulted Floki into the fourth-largest meme coin ranking, surpassing BONK in the process.
Similar to Pepe’s impressive gain over the past month, surging over 100%, Floki has also seen significant growth, increasing more than 100%. In the last week alone, Bonk’s price has risen by 30.6% and is approaching its all-time high of $0.0003365. Currently priced at $0.0003016, Floki is just a 10% jump away from setting a new record high price.
Bonk (BONK)
The price of Bonk has surged forward after overcoming the hurdle at $0.000036. It has registered a weekly growth of 26.7%, and an impressive daily rise of 11.8%. As a result, the meme coin now boasts a market capitalization of $780 million.
With a market capitalization that ranks it below FLOKI among the leading meme coins, yet no longer among the top 5, this coin finds itself in a position superior to BOME, currently valued at $395 million.
Dogwifhat (WIF)
The Dogwifhat meme token, which was launched less than a year ago, has made significant progress in a short period. In fact, it has been one of the top performers among meme coins over the last week, recording the fourth-best weekly returns for investors.
According to data from CoinGecko, the price of Dogwifhat has risen by 1.1%. Although it lags behind other coins like PEPE and BONK in terms of growth, Dogwifhat remains significantly ahead of market heavyweights such as Dogecoin and Shiba Inu.
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2024-05-28 22:11