Amidst the surge in the cryptocurrency market following CPI announcement, the prospective resolution of the Ripple vs. SEC lawsuit, and the upcoming U.S. presidential inauguration, meme coins have once again taken center stage. The combined capitalization experienced a nearly 10% increase, aiming towards the $120 billion mark.
Shiba Inu (SHIB) rallies by 12%, DOGE, BONK and PEPE follow
Today, one of the main contributors to the rise in the cryptocurrency market is Shiba Inu (SHIB), a digital currency with a dog theme. Its price soared by nearly 12% and reached $0.00002426. The market capitalization of this 15th largest altcoin has now surpassed $14.5 billion.
Shiba Inu (SHIB) isn’t the only meme-based cryptocurrency seeing significant gains; Dogecoin (DOGE), often recognized as the original meme coin, also experienced a surge of more than 9%. This rise propelled the Dogecoin price past $0.41. Remarkably, Dogecoin’s (DOGE) market capitalization swelled by an impressive $6 billion in just one night.
The price of PEPE (a popular meme token driven by its community) has climbed to $0.00002004. With a market capitalization of $8.4 billion, this frog-themed coin has once again secured a place among the top 30 cryptocurrencies.
Over the course of a day, the value of Bonk (BONK) rose by approximately 9.5%. The price peaked at around $0.00003162, and the market capitalization aimed for a figure of about $2.5 billion.
XRP, XLM today only top cryptos in red
To round off, it’s worth noting that FLOKI experienced a rise of 7.7%, pushing its price up to $0.0001812. The market capitalization is now aiming at an impressive $1.8 billion.
Amid a wave of enthusiasm for altcoins, most of the top 100 cryptocurrencies are currently increasing in value. Interestingly, despite a recent price increase, Ripple (XRP) and its competitor Stellar Lumens (XLM) have each experienced a slight dip by around 0.2-0.3%. Additionally, Virtual Protocol (VIRTUALS), Hyperliquid (HYPE), and the XDC Network (XDC) are all experiencing losses today.
Currently, the market standard has risen by approximately 4.3%. Meanwhile, Bitcoin (BTC), the leading cryptocurrency, is making an effort to regain the level of $105,000.
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2025-01-17 20:35