🔥🐶Top 5 Meme Coins by Market Cap: $DOGE, $SHIB , $PEPE , and $FLOKI 🔥🐶
Dogecoin (#DOGE ) Backed By Strong Community
Dogecoin ($DOGE), the top memecoin by market cap according to CoinMarketCap, showed its resilience in the recent market dip. The coin, which started as a joke, has become a household name in the crypto industry thanks to a strong community. $DOGE displayed remarkable growth as it transitioned to a legitimate investment opportunity with great utility.
Amid the current uncertainty, $DOGE strengthened after recovering 5% from its critical support level of $0.1183. earlier price today. Despite a 4% drop over the 24-hour price chart, $DOGE currently trades at $0.1226.
Shiba Inu (#SHIB ) Burn Could Keep The Price Stable
Shiba Inu ($SHIB) appeared geared for a joyous day, with a 3% price surge early on Wednesday. Data from TradingView revealed that SHIB rose from its opening price of $0.00001774 to $0.00001806, sparking talks of a potential price rally. SHIB has, however, dropped from its early uptick, currently trading at $0.0001731, down 4.40% over the past 24 hours.
Users speculate that a recent SHIB burn announcement may have led to its early rally. According to Shibburn, Shiba Inu burned over 11 million SHIB the past day.
PEPE (#PEPE ) Continues Bullish Trend
Of the top five memecoins, Pepe is the only one that has gained in price in the past week. According to CoinMarketCap, PEPE is trading up 6.35% over the past seven days, continuing its bullish uptrend. While Pepe is down 25% over the past month, its upward momentum indicates it would be a good investment opportunity.
At the time of writing, PEPE was traded at $0.00001247.
