Several large-cap cryptocurrencies, including Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE), have seen gains over the past 24 hours.
Data from cryptocurrency price tracking site CoinGecko shows that the total cryptocurrency market cap rose 2.4% to $44.75 billion.
Shiba Inu was one of the main drivers of this improvement, recording a 6.4% gain over the course of 24 hours.
At the time, the meme coin price fluctuated between $0.00001596 and $0.0000171, and is currently at $0.00001698. The surge was accompanied by a 24-hour trading volume of $217.8 million.
Shiba Inu is up about 7% over the past week, despite losing 0.8% of its value in the previous two weeks. The news has been similarly bleak over the past 30 days, with Shiba Inu down about 21% over that period.
One of the most notable performers among meme coins over the past 24 hours is BRETT, which is up 5.1% at the time of writing.
Brit, ranked 72nd by market cap among all cryptocurrencies and 7th among meme coins, has had a rough month, losing over 22% of its value.
Interestingly, the slide began shortly after the meme coin hit its all-time high (ATH) of $0.1933 on June 9. It remained largely above the $0.15 level until July 4, when it slid to a low of $0.1079.
Its current price is still 40% below its all-time high, though it is 13,564% higher than its all-time low earlier this year.
Dogwifhat (WIF) and Pepe are also up 4% in the last 24 hours. Like the other coins mentioned in this article, WIF and PEPE have had a rough 30 days, with WIF down 36.8% and PEPE down 30% during that time.
Over the past seven days, WIF has lost 19.2% of its value, while PEPE has fallen by 4.5%. Both have underperformed the global crypto market, which is up 2.6%.
According to CoinGecko, PEPE also underperformed similar cryptocurrencies in the Ethereum ecosystem, which rose by 12.70%.