Dogecoin, Shiba Inu and Sponge meme coins rallying
DOGE and SHIB rallying
Sponge surging, adds 50%
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Leading meme coins are rallying. Dogecoin (DOGE) is up 3.68% while Shiba Inu (SHIB) added 3.52%. Meanwhile, the upcoming meme coin, Sponge, is up 50% in the last month.
DOGE and SHIB rallying
Several positive developments in the crypto market have contributed to its recovery from last week’s sell-off.
Dogecoin, Shiba Inu and Sponge meme coins rallying - 1
Dogecoin is slightly outperforming Bitcoin today, up 3.52%, while Bitcoin is up 2.9%. Nevertheless, Bitcoin remains the winner this week, up 9%, while Dogecoin is up 5.81%.
Dogecoin, Shiba Inu and Sponge meme coins rallying - 2
However, Shiba Inu is closer to Bitcoin’s weekly performance, up 8.64%.
Dogecoin, Shiba Inu and Sponge meme coins rallying - 3
Another factor impacting Dogecoin’s price is that its community hopes the coin will be integrated into Elon Musk’s latest venture, X Payments.
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However, no official announcements regarding Dogecoin’s integration have been made.
Meanwhile, Shiba Inu’s slight gains are attributed to its team’s latest plans to build Shibdentity.
