Simon Ng The foremost meme cryptocurrencies, assessed by market capitalization, have appreciated by $759 million in the recent 30-day period. The pack leader among meme coins, Dogecoin (DOGE), has experienced an upward trend of over 10% in the last month. In contrast, Shiba Inu (SHIB) and Pepe (PEPE), holding the second and third positions among meme coins, recorded growth rates of 1% and 1.6% respectively.
Dogecoin Spearheads $759M One-Month Rise in Meme Cryptocurrency Market
As of Sunday, July 23, 2023, the total value of meme cryptocurrencies is estimated at $16.29 billion, a substantial rise from $15.54 billion a month ago on June 22. This illustrates a net growth exceeding $759 million, or 4.82%, compared to the U.S. dollar in the top meme cryptocurrency market.
Over the preceding 30 days, dogecoin has surged by more than 10% and has advanced 1.3% against the U.S. dollar this past week. With a market worth of $10.12 billion, Dogecoin constitutes a significant 62.12% of the overall meme cryptocurrency market value.
In the last month, SHIB has appreciated 1% compared to the U.S. dollar, although the past week’s data exhibits a 2.7% decline. At a market worth of $4.61 billion, SHIB makes up 28.29% of the total value of the meme cryptocurrency market. Dogecoin and SHIB together command 90.41% of the meme cryptocurrency market.
Pepe (PEPE), being the third-largest meme cryptocurrency, has appreciated 1.6% over the last month. However, PEPE’s value has fallen by 7.6% over the past week. With a market value of $628 million, PEPE accounts for 3.85% of the total meme cryptocurrency market.
Over the last 24 hours, the meme cryptocurrency market recorded a global trade volume of $528 million. The top performers on Sunday were Kabosu Inu (KABOSU), 3d3d (3D3D), and Pepemon Pepeballs (PPBLZ), gaining between 9.9% and 210% respectively.
The meme cryptocurrencies that reported the highest depreciation against the U.S. dollar were Shibaken Finance (SHIBAKEN), Cheems Inu (CINU), and Dingocoin (DINGO), with losses ranging from 7% to 22% over the last day. When it comes to 24-hour volume, DOGE outperformed others, followed by SHIB and PEPE, while FLOKI secured the fourth spot this weekend.
What’s your take on the meme cryptocurrency market expanding by $759 million in the previous 30 days? We invite you to share your insights and viewpoints on this topic in the comments section below.
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Frequently Asked Questions (FAQs) about Meme Cryptocurrency Market Growth
How much has the meme cryptocurrency market grown in the last 30 days?
The meme cryptocurrency market has expanded by $759 million over the past 30 days, led by Dogecoin, Shiba Inu, and Pepe.
Which meme cryptocurrency has seen the most growth in the past month?
Dogecoin has experienced the highest growth in the last month, increasing more than 10%.
What percentage of the meme cryptocurrency market do Dogecoin and Shiba Inu collectively command?
Collectively, Dogecoin and Shiba Inu dominate 90.41% of the meme cryptocurrency market.
How have the meme cryptocurrencies performed in the past week?
In the past week, Dogecoin has risen 1.3% against the U.S. dollar, while Shiba Inu has seen a loss of 2.7%. Meanwhile, Pepe, the third largest meme coin, has decreased by 7.6%.
Which meme coins were the top performers and the biggest decliners in the past 24 hours?
The top performers in the past 24 hours were Kabosu Inu, 3d3d, and Pepemon Pepeballs, with gains between 9.9% and 210%. The biggest decliners were Shibaken Finance, Cheems Inu, and Dingocoin, with losses between 7% and 22%.
More about Meme Cryptocurrency Market Growth
- Dogecoin Official Website
- Shiba Inu Token Information
- PepeCoin on CoinMarketCap
- Cryptocurrency Market Updates
- Understanding Meme Cryptocurrencies
2 comments
Always do your research, folks. Meme coins are fun but can be risky!
The volatility is crazy! Bought some PEPE last week, now it’s down 7.6%. Should’ve stuck with DOGE.