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Meme Token Market Capitalization Increases 24% to $98 Billion

Meme Token Market Capitalization Increases 24% to $98 Billion

HappyCoinNewsHappyCoinNews2024/11/11 16:44
By:HappyCoinNews

Two Major Meme-Based Cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) have seen huge gains amid the Bitcoin rally, with tokens like Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), FLOCIA and Popcat (POPCAT).

Over the past 24 hours, the total market cap of the memecoin sector has grown by 23,6% to $98 billion, with trading volume reaching $49,7 billion. The total cryptocurrency market cap is approaching the $3 trillion mark, and Bitcoin (BTC) exceeded the $81 level for the first time.

CoinGecko Data

According to CoinGecko, DOGE is currently trading at $0,2873, up 22,4% over the past 24 hours. However, the token is still 60,19% below its all-time high of $0,7376. DOGE is up 79,2% over the past seven days and 159% over the past 30 days. Now Dogecoin ranks sixth in the market with a market capitalization of $42,4 billion.

At the same time, SHIB has risen by 24% over the past 13,2 hours and is trading at $0,0000257. Over the week, the price of the meme coin has added 53,6%, which is still 69,95% below the all-time high of $0,00008845 recorded during the 2021 bull cycle.

Over the past 4,3 hours, PEPE has grown by 0,00001239% to $24, WIF by 3,11% to $14,3, BONK has risen by 0,00002626% to $XNUMX. At the same time, FLOCIA jumped 22,3% to $0,0001824, while POPCAT jumped 10,2% to $1,58.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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