Memecoins
Dogecoin and Shiba Inu fall behind: Here are the best meme coin artists in the last week
Dogecoin and Shiba Inu they are starting to lose their dominance in the market despite being the largest meme coins. In terms of returns, newer meme coins have performed better, leaving OGs in the dust as they continue to sustain losses. Here are the top meme coins that have seen the highest returns over the past week.
Pepe (PEPE) dominates meme coins ahead of Dogecoin
Pepe’s domain in the meme coin space so far has been nothing short of amazing. Even after staging one of the fastest runs from a market cap under $500,000 to over $1 billion, he hasn’t run out of steam yet. Recently, it was the only top meme coin to hit new all-time highs.
In the last month, the Pepper Price rose more than 100% after recovering from the market crash that plagued cryptocurrencies in April. Then, in mid-May, its price reached an all-time high above $0.00001. It has since grown another 60% to $0.00001655, to reach a market capitalization of $6.88 billion, making it the third largest meme coin in the space.
In terms of weekly returns, Pepe’s price is still ahead, up 48.6% in the last seven days alone, according to data by CoinGecko.
Floki (FLOKI) beats Shiba Inu
Floki is undoubtedly one of the most surprising rallies this year, going from a market capitalization of less than $500 million to over $2.5 billion in the space of a year. This resurgence saw Floki secure its place as the fourth largest meme coin, beating the likes of BONK for the title.
Just like Pepe, FLOKI has also had an incredible run this month, jumping more than 100% in this period. Then, over the past seven days, BONK price increased by 30.6%, taking it to its all-time high of $0.0003365. At its current price of $0.0003016, at the time of writing, Floki is just 10% away from reaching a new all-time high.
Bon (Bonk)
Good continued its upward trajectory after successfully clearing the resistance at $0.000036. It posted gains of 26.7% in the last week and with an increase of 11.8% in the last day, the meme coin it now has a market capitalization of $780 million.
This market capitalization leaves it behind FLOKI on the list of top meme coins, but has now dropped out of the top 5. However, it is ahead of Book Of MEME (BOME), which is currently worth $395 million.
Dogwifhat (WIF)
THE Dogwifhat meme coin It’s less than a year old, but the cryptocurrency has made a lot of progress since then. In the last week alone, the Price of the dog has dominated among meme coins, posting the fourth-highest return for investors on the weekly chart.
Data from CoinGecko shows that Dogwifhat’s price increased by 1.1%. Although it has lagged behind PEPE and BONK, it is still far ahead of market leaders such as Dogecoin and Shiba Inu.
Featured image created with Dall.E, chart from Tradingview.com