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Top Meme Coins WIF, PEPE, SHIB, FLOKI, and BONK Skyrocket Triple Digits
DOGE sees an increase of 70% over the week, a modest rise compared to its meme token counterparts.
Despite Bitcoin's slight decline to just under $62,000, meme tokens have stolen the spotlight with astonishingly high returns, with Dogwifhat (WIF) spearheading the trend.
Though there was a minor drop in the total cryptocurrency market value in 24 hours, it has surged by over $100 billion within the week.
With renewed vigor, the crypto bull market charges ahead as previously under-the-radar assets amass significant value. Dogecoin, the original meme token icon, reenters the top 10 largest cryptocurrencies with a 70% increase, nearing $0.14.
Shiba Inu, a fierce DOGE competitor, outshines with an impressive 130% weekly increase. To understand the reasons behind its rise, one can explore further details.
While BONK also doubles in value over the week, PEPE, FLOKI, and particularly WIF have seen even more dramatic rises.
PEPE soars by 240%, reaching a several-month high, while FLOKI climbs back into the top 100 after a 270% weekly leap, and WIF continuously hits new all-time highs, inflating nearly 400% in a week, with its price approaching $1.7.
The entire cryptocurrency market displays remarkable gains over the week as noted in the attached graph, accounting for a $120 billion increase in market cap since the previous Sunday.
Bitcoin ended February on a high note with an unprecedented rise from $42,000 to $64,000, before settling at $62,000.
In just one week, Bitcoin saw a significant rally from $51,000 to almost reach its historic peak, yet it has recently struggled to cross the $62,000 threshold. Bitcoin's market capitalization maintains a stronghold above $1.2 trillion despite a small pullback, ranking it among the top 10 financial assets by market cap. Nevertheless, its dominance has diminished slightly by more than 1% and is now just below 50% according to CoinGecko.
