As a seasoned researcher with over two decades of experience in the ever-evolving world of cryptocurrencies, I’ve witnessed countless ups and downs, bubbles, and bull runs. However, the resurgence of Dogecoin (DOGE) and TON-based meme coins has left me genuinely intrigued.
This week was exceptionally fruitful for Dogecoin (DOGE), the top meme cryptocurrency in terms of market value. Since meme coins tend to thrive during a crypto recovery, Dogecoin (DOGE) emerged as the standout performer among large-cap cryptos. Meanwhile, meme cryptocurrencies built on the TON platform are dominating the small-cap sector, reporting gains of up to 70% overnight.
Dogecoin (DOGE) adds 30% in week, market cap hits $30 billion
As a crypto investor, I’ve noticed some exciting movements with Dogecoin (DOGE), the pioneering meme coin and the largest of its kind. Over the past week, it has skyrocketed nearly 30%, making it the top performer among the top 30 cryptocurrencies. Furthermore, its market capitalization surpassed a substantial $30 billion, underscoring its growing influence in the crypto world.
On November 9th, 2024, the Dogecoin (DOGE) price soared to a record high of $0.21605, marking the highest point in over seven months. At its peak, the market capitalization of Dogecoin stood at an impressive $30.9 billion.
As a crypto investor, I experienced a surge in the price of my Dogecoin (DOGE) holdings after the announcement that Dogecoin Holdings was being acquired by Spirit Blockchain Capital. This corporation, focused on implementing Web3 solutions using the Dogecoin (DOGE) blockchain, was the target of this acquisition.
Since it originated as an early proof-of-work cryptocurrency, similar to Litecoin (LTC), Dogecoin (DOGE) doesn’t have built-in smart contract functionality or programmability. However, significant advancements in Dogecoin Holdings could potentially increase its popularity and use.
In the top 100 cryptocurrencies, the meme coin segment is sending mixed signals. Neiro (NEIRO), the first-ever meme coin whose contract was created by AI, added over 65% in one week. Its market capitalization exceeded $1 billion.
In stark contrast, Popcat (POPCAT), the largest coin on Murad’s meme coins list, was one of the rare ones that ended this exceptional crypto week in the negative, similar to Mantra (OM), Tron (TRX), and Kaspa (KAS).
TON meme coins making comebacks; HMSTR leads parade
The enthusiasm among Dogecoin (DOGE) supporters has been further fueled after macro economist Raoul Pal made a positive prediction regarding its price.
In a sea of meme currencies, tokens built on the TON platform are showing the biggest daily growth rates. Specifically, HMSTR, which is the primary crypto within the popular “tap-to-earn” Telegram app Hamster Kombat, saw a surge of over 66% in just 24 hours, with heightened activity from large investors contributing to this spike.
Dogs (Dogs) and Resistance Dog (Resistance Dog) have increased by approximately 26-27% each, whereas the leading meme cryptocurrency on TON, Notcoin (Not), has grown by 16%.
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2024-11-09 18:30