- The collective valuation of the meme coin market rose by more than 4% in the past day of trading.
- DOGE was not the biggest contributor to this feat as its price only rose by 0.51% since yesterday.
- Technicals on DOGE’s chart suggest that the meme coin could face price drops in the coming days.
The meme coin market saw its collective valuation rise by 4.42% over the past 24 hours, according to CoinMarketCap data. Subsequently, the total market cap for meme coins stood at above $24.128 billion.
Dogecoin (DOGE), the largest meme coin by market cap, saw its price rise 0.51% over the past 24 hours. Its competitor, Shiba Inu (SHIB), was not able to post a gain during the same period. CoinMarketCap data showed that SHIB was down 1.46%, bringing its price down to $0.000009907 at press time.
It was Bonk (BONK), however, that was the best-performing meme coin on the top 10 meme coins list. The Solana-based altcoin surged more than 102% throughout the past day of trading, which also pushed its weekly performance to over 144.46%. Looking at the weekly performance, BONK was the fourth-best performer in this time frame as well.
Given the strong performance by BONK, …
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