Digital Meme Coins Rise Significantly – Apparata
The market of the top meme coins has risen well. Read here why the meme coins are soaring.
This is mainly because Dogecoin rose. Crypto meme coins such as Shiba Inu, Dogelon Mars and Floki Inu saw 2-13% gains in recent days. The entire meme token economy is worth $35.8 billion, up 9.4%. That’s not wrong.
Meme Coins Rise
Of course, all the news about Elon Musk was also good for the meme industry. Musk is a fan of Dogecoin and the rise of that coin has been affected by this news. You also saw a significant spike in the stats when the news of the Twitter purchase broke. 24-hour statistics as of 4 p.m. on Monday had shown that Dogecoin (DOGE) was up 26.3% against the US dollar.
Dogecoin has risen in recent days and is hovering just above the $0.14 zone. At the moment, however, the coin is in negative territory. Many believe the earlier rise is based on mere speculation that Musk may be able to implement Dogecoin payments into some of Twitter’s operations.
Other coins to follow
As Dogecoin appreciated against the dollar, a number of other popular meme coins followed DOGE’s lead on Monday. Against the USD, Shiba Inu (SHIB) is up 1.7% and Dogelon Mars (ELON) is up 13% in the past 24 hours.
While DOGE, ELON, and SHIB all saw percentage gains, the fourth-largest meme coin asset Baby Doge Coin (BABYDOGE) hasn’t really moved up. Floki Inu (FLOKI), on the other hand, is up 2.1% against the US dollar in the past 24 hours. Other meme tokens also managed to make a profit. Consider, for example, Litedoge, which peaked to a profit of 162%.
