🚀 Shiba Inu is barking up the right tree, overtaking Cardano in the crypto market cap race! 🐕‍🦺 The memecoin frenzy is real, with Shiba Inu, Pepe, and Dogwifhat (WIF) hitting new ATHs. Poor Cardano, once the third-ranked crypto, has slipped to 11th place. 📉

But don't cry for Cardano just yet! While Bitcoin and other altcoins are bouncing back, Cardano and Ripple are playing it cool in a stagnant price range. 🧘‍♂️

Meanwhile, Pepe had a brief moment of glory, surpassing Polygon for the 18th spot, before settling back to 19th. And let's not forget WIF, climbing to the 28th spot, outpacing Hedera. 🧗‍♀️

This bull cycle is the dawn of the memecoin era, with many less than a year old. Dogecoin and Shiba Inu, the OG memecoins, are still holding strong, but the new kids on the block are giving them a run for their money. 💸

Despite the overall sideways momentum, memecoins are flourishing. Six out of the top 10 gainers over the past 24 hours are memecoins! 🎉

What's your take on this memecoin madness? Drop your thoughts in the comments! #DeFi #Web3 #CryptoNews