The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. The crypto-meme coins floki inu, dogelon mars, and shiba iu all saw increases of between 2-13% and 2% over the previous 24 hours. 35.8 billion is the total value of meme token economies, an increase of 9.4%.
Meme Token Assets See Double-Digit Gains on Monday Following Dogecoin’s Rise
Following Elon Musk’s acquisition of Twitter for $44 billion, digital currency markets jumped in value and crypto meme tokens saw a significant spike. On Monday, 24 hour statistics showed that dogecoin’s (DOGE), value had risen 26.3% against the U.S. Dollar.
Dogecoin (DOGE), is currently up 18.8%, and just hovering above the $0.15 mark. Many believe the rise is based on mere speculation that Musk could possibly implement dogecoin payments into some of Twitter’s operations.
While dogecoin jumped in value against the dollar, a number of other popular meme coin assets followed DOGE’s lead on Monday. Over the last 24 hour, Shiba Ib (SHIB) surged 1.7%, while dogelon marss (ELON) rose 13% more against the USD.
DOGE and ELON saw percentage gains. However, fourth most valuable meme coin asset (BABYDOGE), which is currently down 0.8%, was still in the news at time of writing. FLOKI (Floki inu) jumped 2.1% over the U.S. dollars during the previous 24 hours.
Coins like catecoin (samoyedcoin), catecoin (catecoin), the doge NFT fragments shards and hoge financing also saw notable increases in their meme tokens. Litedoge spiked 16.2% higher, while vitoge saw a 98.8% increase on Monday.
Jejudogees, hotdoges, hotdoges, and shih-tzu all posted double-digit gains over the previous day. In addition, in the last 24 hours dogecoin has experienced $4.54 Billion global trade volume while SHIB today has witnessed $1.25 Billion.
Let us know your thoughts on the Monday meme token market activity after Elon Musk purchased Twitter. Comment below and let us know how you feel about the subject.
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