Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

The meme coin economy has grown significantly over the past 27 Tage, increasing 34.52% gegen die USA. Dollar. The largest meme coin by market capitalization, Dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, Shiba Inu, has jumped 71.9% in 30 Tage. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 Milliarde.

Dogecoin and Shiba Inu Dominate Meme Coin Market With 94% Market Share

The top meme coins by market capitalization have gained in value against the U.S. dollar this past month. According to statistics recorded on Jan. 9, 2023, via archive.org, the meme coin economy was valued at $16.8 Milliarde 27 Vor Tagen. As of 9 bin. ET on Feb. 5, 2023, the meme coin economy is currently valued at $22.6 Milliarde, ein 5.4% increase over the previous day.

Over the past 27 Tage, meme tokens have added $5.8 billion in value and gained more than 34% against the greenback. This week’s largest gainers among meme tokens include pomeranian eth (POM), up 117.2%, baby doge coin (BABYDOGE), up 113.9%, and polydoge (POLYDOGE), up 86.7%. The two leading meme coins in terms of market valuation, Dogecoin (DOGE) and shiba inu (SHIB), have increased 5.3% zu 22.1%, with SHIB seeing the larger gains.

Dogecoin (DOGE) and shiba inu (SHIB) make up $21.32 Milliarde, oder 94.34%, of the total $22.6 billion in the meme coin economy. Dogecoin has risen 29.4% this month, while shiba inu has increased 71.9% against the greenback. The majority of the meme coin economy’s value was acquired in 2023. On Dec. 18, 2022, 49 Vor Tagen, the market valuation of all meme tokens was $16.4 Milliarde. Seit damals, the meme coin economy has grown 36.96% gegen die USA. Dollar.

On Feb. 5, 2023, the largest gainers among meme coins over the past 24 hours include arbinu (ARBINU), which rose 51.9%, duckereum (DUCKER), up 43.5%, and onigiri neko (ONIGI), which increased 35.3%. The largest meme coin, Dogecoin, decreased 1.7% gegen die USA. Dollar, while shiba inu gained 1.5%.

The third-largest meme coin, baby doge coin, increased 18.9% during the last 24 Std. Despite a 34% rise against the U.S. dollar and $5.8 billion in value added in 27 Tage, most of the market activity remains focused on the top two coins, DOGE and SHIB, indicating that demand for meme coin assets continues to exist.

What do you think about the current state of the meme coin economy? Will the trend of growth continue, or do you see a decline in the near future? Teilen Sie uns Ihre Meinung zu diesem Thema in den Kommentaren unten mit..

Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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