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Dogecoin (DOGE) and Shiba Inu (SHIB), two major cryptocurrencies, have seen massive gains as the meme coin market rallies. This surge also includes tokens like Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), FLOKI, and Popcat (POPCAT).
In the last 24 hours, the meme coin sector’s total market cap grew by 23.6% to $98 billion, with $49.7 billion in trading volume. The total crypto market cap is also nearing the $3 trillion milestone, with Bitcoin (BTC) surpassing $81,000 for the first time ever.
Dogecoin and Shiba Inu Price Analysis
According to CoinMarketCap, DOGE is currently trading at $0.2895, a 28% jump in the past 24 hours. However, it remains 60.19% below its all-time high of $0.7376. Over the past seven days, DOGE has surged 89.32%, and is up 162.76% over the last 30 days. DOGE now holds the sixth position in the market, surpassing XRP, with a market cap of $42.36 billion.
Read also: Bitcoin Strengthens as Altcoins Gain Ground Amid Bullish Sentiment
On the other hand, SHIB rose 18.4% in the past 24 hours and is trading at $0.0000265, up 58.2% in the past week. However, the meme coin is down 69.95% from its all-time high of $0.00008845, witnessed in the bull cycle of 2021.
Other Meme Coins Join the Rally
In the past 24 hours, PEPE rose 13.1% to $0.00001286, WIF surged 24% to $3.11, BONK increased 14.3% to $0.00002626, FLOKI jumped 22.3% to $0.0001824, and POPCAT rose 10.2% to $1.58.
On the other hand, cats in a dogs world (MEW) and Goatseus Maximus (GOAT), also turned bullish, surging 16.8% and 17.1% in the past 24 hours, respectively. MEW is priced at $0.01106 while GOAT trades at $0.9396.
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