The highest meme tokens by market capitalization noticed a major soar on Monday after being fueled by dogecoin’s current value rise. Crypto meme cash like shiba inu, dogelon mars, and floki inu noticed 2-13% features during the last 24 hours. All the meme token financial system is value $35.8 billion, up 9.4% as we speak.
Meme Token Property See Double-Digit Positive factors on Monday Following Dogecoin’s Rise
Following Elon Musk’s acquisition of Twitter for $44 billion, digital forex markets jumped in worth and crypto meme tokens noticed a major spike. 24-hour statistics at 4 p.m. (ET) on Monday had proven dogecoin (DOGE) jumped 26.3% in worth in opposition to the U.S. greenback.
Dogecoin (DOGE) remains to be up 18.8% as we speak and is hovering simply above the $0.15 zone. Many imagine the rise relies on mere hypothesis that Musk might possibly implement dogecoin funds into a few of Twitter’s operations.
Whereas dogecoin jumped in worth in opposition to the greenback, quite a lot of different standard meme coin assets adopted DOGE’s lead on Monday. Shiba inu (SHIB) jumped 1.7% and dogelon mars (ELON) rose 13% greater in opposition to the USD over the past 24 hours.
Whereas DOGE, ELON, and SHIB all noticed share features, the fourth largest meme coin asset child doge coin (BABYDOGE) remains to be down 0.8% on the time of writing. Floki inu (FLOKI) alternatively, jumped 2.1% greater in opposition to the U.S. greenback over the past 24 hours.
Different notable meme token will increase got here from cash like kishu inu, samoyedcoin, catecoin, the doge NFT shards, and hoge finance. Litedoge (LDOGE) spiked 162.6% greater and vitoge (VITOGE) noticed a 98.8% acquire on Monday.
Jejudoge, dogefi, hotdoge, and shih tzu, all noticed double-digit features over the past day as properly. Moreover, throughout the previous 24 hours, dogecoin (DOGE) has seen $4.54 billion in international commerce quantity, whereas SHIB has seen $1.25 billion as we speak.
What do you consider the meme token market motion on Monday after Elon Musk acquired Twitter? Tell us what you consider this topic within the feedback part beneath.
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