Alex Dovbnya
FLOKI, MOG, and PEPE are among the best performers in the current cycle
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Major cryptocurrencies have seen significant gains over the past 24 hours, according to CoinGecko data.
Mog Coin (MOG) and Floki Inu (FLOKI) added 33.8% and 23%, respectively, becoming the best-performing cryptocurrencies with a market cap exceeding
Dogecoin (DOGE) and Shiba Inu (SHIB) also appeared in the green, adding 1.5% and 4.5% (respectively) over the past 24 hours. Last week, both meme currencies recorded notable price increases after Tesla CEO Elon Musk paid tribute to the late Shiba Inu Kapusu who inspired the Doge meme.
Pepe (PEPE) added nearly 6%, as its market cap surpassed $7 billion. It is now just one point away from joining the elite club of the 20 largest coins by market cap.
Solana-based meme coins Dojoyfat (WIF) and Bonk (BONK) are up nearly 10%.
Growing strength
After Dogecoin’s popularity soared in 2021 due to Musk’s tweets, many assumed the meme coin would eventually become a fad. However, he managed to maintain his place in the top ten.
Moreover, the meme sector has continued to grow at a rapid pace, and many other competitors are now vying for the throne of Dogecoin.
As U.Today reported, analyst Murat Mahmudov recently predicted that Pepe could end up overtaking both Shiba Inu (SHIB) and Dogecoin (DOGE) in terms of market cap.
Meanwhile, VanEck’s MarketVector recently launched a new index that includes the most popular meme currencies such as PEPE and WIF.
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Alex Dovbnya