🔥💥DOGE, SHIB and PEPE soar amid Bitcoin's bull run: Is $100 billion market cap next?
When Bitcoin [BTC] was on the rise, many memecoins and people painted their daily charts green, including top coins such as Dogecoin [#DOGE ], Shiba Inu [#SHIB ].
Meme coins have already created buzz in the crypto space as their value skyrockets in 2024, implying that their total market capitalization could reach $100 billion this year.
Dogecoin, Shiba Inu and PEPE are growing rapidly
According to CoinMarketCap and Doge, the price of the largest memecoin had increased by more than 5.5% in the last 24 hours and was trading at $0.207.
The price of Shiba Inu also gained upward momentum, with its value increasing by 2.6%. At the time of writing, it was trading at $0.00002906.
However, since its value increased by double digits, PEPE became the top earner among these Decrypts.
The price of the meme coin has risen by over 13% in the last 24 hours and was trading at $0.000007902 with a market capitalization of over $3.32 billion
Meanwhile, IntoTheBlock posted a tweet Decking out about how these meme coins have gone up this year. According to the tweet, DOGE will double its price in 2024, while SHIB has increased by 2.5 times and PEPE by about 5 times.
This increase increased the market value of meme coin to $ 65 million. If the price pump continues, it won't be a long wait for meme coins to reach a market value of $ 100 million by the end of 2024.
