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

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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 dagar, increasing 34.52% mot U.S.A. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% under den senaste månaden, while the second-largest meme coin, shiba inu, has jumped 71.9% i 30 dagar. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 miljard.

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 miljard 27 dagar sedan. As of 9 a.m. ET on Feb. 5, 2023, the meme coin economy is currently valued at $22.6 miljard, a 5.4% increase over the previous day.

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High
DOGE/USD on Feb. 5, 2023.

Over the past 27 dagar, 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% till 22.1%, with SHIB seeing the larger gains.

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High
SHIB/USD on Feb. 5, 2023.

Dogecoin (DOGE) and shiba inu (SHIB) make up $21.32 miljard, eller 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 dagar sedan, the market valuation of all meme tokens was $16.4 miljard. Sedan dess, the meme coin economy has grown 36.96% mot U.S.A. dollar.

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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% mot U.S.A. dollar, while shiba inu gained 1.5%.

The third-largest meme coin, baby doge coin, ökade 18.9% under den sista 24 timmar. Despite a 34% rise against the U.S. dollar and $5.8 billion in value added in 27 dagar, 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.

Taggar i denna berättelse
2022, 2023, 24 timmar, arbinu, Assets, Baby Doge Coin, cryptographic, Dec. 18, Efterfrågan, Doge, dogecoin, duckereum, Ekonomi, Feb. 5, Vinnare, Greenback, tillväxt, increase, largest, Majority, Market Action, Market Capitalization, Meme mynt, Meme Economy, Meme Token Economy, Meme Tokens, onigiri neko, Percentage, polydoge, pomeranian eth, Rise, shib, shiba inu, statistical data, third-largest, topp, U.S. dollar, Värde

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? Låt oss veta vad du tycker om detta ämne i kommentarsfältet nedan.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 6,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.




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Bildkrediter: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Dennis Diatel / Shutterstock.com

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