The The meme coin market has seen a significant growth over the past month, increasing by 7.77% against the US Dollar. Dogecoin, the main token in the meme token space, rose by 29.4% over a period of 30 days. Dogecoin This, in turn, allowed the coin to move up to the 8th position in terms of market capitalization. Shiba Inu On the other hand, dropped one spot in the rankings and is now the 14th largest cryptocurrency by market cap.
Meme Tokens Gained More Than 7 Percent Against USD Over The Last Month
In In the midst of the FTX fiasco, before the filing of bankruptcy protection, meme coins saw a large dip in their value. On November 9, two days prior to the FTX Chapter 11 filing, the meme token economy was valued at around $18 billion.
Dogecoin According to coingecko.com statistics, the DOGE suffered a significant drop of 16.5% against the US Dollar on that day. Nov. 9, 2022. Shiba Inu (SHIB) came in second, with its value decreasing by 10.8% on the same day.
The The third-largest meme token at the time, Baby Doge Coin (BABYDOGE), also recorded a decrease of 14.2% in 30 days. The The estimated value of the meme token market is now $19.4 billion December 9, 2022.
The meme currency economy has recovered, increasing in value by $1.4 billion over the past 30 days. This This is a 7.77% increase against the US Dollar. DOGE also experienced a positive month, rising by 29.4% over 30 days and 7.8% within the last two weeks.
Between November 9 and December 9, the market value of dogecoin jumped from $11.63 billion to $13.30 billion. The The value of Shiba Inu (SHIB) rose by 5.9% within the last 30 days and increased by 0.3% over the past two weeks.
Baby Doge Coin has seen a 13% increase over the month and is currently the third most popular meme coin in terms of market capitalization. Dogelon Mars (ELON) surged by 40%, while the value of the floki meme token FLOKI jumped by 30.6%. Kishu inu (KISHU) gained 8.5%.
The Top ten meme currency tokens today include dogecoin (DOGE), shiba inu (SHIB), dogelon mars (ELON), floki (FLOKI), baby doge coin [BABYDOGE], pet doge killers (LEASH ), tamadoge, catecoin (CATE), and Samoyedcoin (SAMO).
