After languishing for two weeks, and then consolidating, the crypto-assets recovered in value towards the end this week. Specific tokens such as decentralized finance (defi), metaverse tokens and smart contract coins have improved tremendously, but the meme-token economic increased in value, with a variety of meme coins including dogecoin and shiba Inu seeing significant gains over the past seven days.
Meme Coins Climb Higher in Value This Past Week — Shiba Fantom and Luni Lead the Pack
On December 5, 21 days earlier, the mem token economy fell more than 12 percent and was hovering around the $47 billion mark. The market value of the meme-based cryptocurrency economy today is $54.1 billion. This represents an increase of 14.61% over the previous day. Eight out of the top 10 meme-based cryptocurrency assets saw gains over seven days. Dogecoin, the largest crypto-asset meme-based (DOGE), jumped 9.6% while SHIB (shiba Inu) surged 21% in that same timeframe.
Dogelon mars (51.7%), spell token (31.5%) and dogelon mars (51.7%) were the top-ten most popular meme-based assets. Cate coin (22%), dogebonk (27.5%) also saw increases last week. The top three biggest gains in the meme coin world this week are shiba fantom (193.5%), luni (189%), kawakami (57.5%), and fantom cane (67.2%). Smugdoge (-54.4%) and shibavax (42.1%) are the biggest losers in meme-based coin world.
Dozens of ‘Dog,’ ‘Shiba,’ ‘Doge,’ and ‘Shib’ References in Meme Coin Names
Today’s 24-hour meme coin gainers include luni, shiba fantom, and cake monster. Dogecoin, shiba Inu and other tokens accounted for most of this meme-coin total at $54.1 billion. Dogecoin’s market capitalization today is $25 billion and shiba inu’s market cap is $20 billion.
That’s approximately 83.17% of the entire meme-coin economy value on Sunday morning (EST). The total meme coin economy dominance is only 2.17%, compared to the $2.49 trillion in crypto coins currently in existence.
There are many coins with similar names, in addition to the meme coins we all talk about every day like SHIB or DOGE. 24 meme coins in the meme token market economy, recorded by coingecko.com on December 26, contain the term “doge” in the name, 29 tokens have the term “dog” in the name. 19 meme coins have the term “shiba” in the name, 25 use the term “shib,” and 12 coins use the term “inu” in the name.
Let us know your thoughts on the seven-day gain of meme-coin assets. Please comment below to let us know your thoughts on this topic.
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