Meme coins, also known as the craziest part of cryptocurrencies, seem to have made great gains from the small recovery in Bitcoin. While there seems to be activity in the market, especially DOGE, it did not go unnoticed that some meme coins made double-digit gains. So what's happening in the meme coin market right now?
DOGE Coin Reviews
The price outlook for DOGE, which is the undisputed leader of the Meme coin world, continues to maintain its positive outlook in the 7-day period. This situation seems to have positively affected other meme coins as well.
DOGE, which has been openly supported by Elon Musk in the past and is thought to have positive results in the future regarding developments related to In the last 7 days, DOGE's rise reached 3.10%, which can be considered another indicator of recovery.
The market volume on the DOGE side exceeded 18 billion dollars. However, despite this, the 24-hour transaction volume, which reached almost 1 billion dollars yesterday, was seen to be 784 million dollars.
SHIB Coin Latest Status
SHIB, DOGE's closest follower and oldest rival in the market, is among the rising meme coins today. There was a 3.83% increase in the price over a 24-hour period, indicating a noticeable climb compared to the uncertainty seen yesterday.
SHIB's price as of writing time is $0.00001766. While the market volume on the #SHIB side indicated 10.4 billion dollars, the transaction volume decreased from yesterday's level of 372.6 million dollars and decreased to 320 million dollars.
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PEPE Coin is Recovering
PEPE, which realized ATHs one after the other last month, became the meme coin with the highest rising volume of the day. The price of PEPE has increased by 13.46% in the last 24 hours and its price is traded in the $ 0.0000127 region. PEPE's 7-day price movement indicated an increase of 15.28%.
While PEPE's market volume increased to 5.3 billion dollars, its transaction volume surpassed the 1 billion dollar level and attracted all the attention. The rise in PEPE can be interpreted as investors being willing to move the price back to the ATH level.
WIF Rising at Full Speed
Another winner of the day was WIF of the Solana network, once again after yesterday. Following the 19% increase yesterday, WIF increased by 12% today and rose above 2 dollars again.
Despite all this rise, WIF's 7-day price movement indicates a 1% decline. After a 2-day rise, WIF market volume exceeded 2 billion dollars. The transaction volume of Meme coin fell below the level of 700 million dollars it had yesterday and reached 641 million dollars.