One of the most talked about assets of the cryptocurrency market meme coin The war between the ‘s continues. While Shiba Inu continues to attract attention with its innovations and advancements in the ecosystem, other entities are also trying to prove their presence in the market. In this article, we have compiled for you the current status of the assets that attract attention in this struggle.
Dogecoin (DOGE)
Operating as an open-source, peer-to-peer cryptocurrency using blockchain technology, Dogecoin (DOGE) is an undisputed pioneer in the meme coin world. Recent trends highlight the growth in on-chain transactions of DOGE, which witnessed a $665 million increase in transaction volume.
Additionally, the volume of Dogecoin derivatives doubled in daily activity on November 18 alone, and speculators traded $5.04 billion worth of DOGE using derivatives, adding to the positive indicators of demand for this digital asset.
Meanwhile, according to the latest data received on November 21, DOGE is currently trading at $0.08. Meme coin recorded a daily decrease of 5.82%, unlike the 1.83% increase in the previous week and the 26.21% gain in the previous month.
PepeCoin (PEPE)
Pepe (PEPE) was initially designed to use a deflationary mechanism that burns a small percentage of tokens on each transaction and attracted attention for this. Although Meme coin was much talked about with its early performance, it lost this momentum and has now managed to create its own market.
As we reported as Koinfinans.com, PEPE, while trading at a price of $0.00000112, recorded a 6.9% decrease in the last 24 hours and increased this with a 6.6% decrease in the last seven days. However, it had recorded an impressive rise of 60.9% in the previous month.
Floki Inu (FLOKI)
FLOKI (FLOKI) stands out as one of the assets that is more than a meme coin. This utility coin in the FLOKI ecosystem features decentralized finance and a non-fungible token (NFT) metaverse. A significant increase in its value and market cap propelled this crypto into the top 100 digital assets for a period earlier this year.
FLOKI is currently trading at $0.000030 and is down 5.2% on the daily chart, down 18.2% over the past week, and gaining as much as 14.8% on the monthly chart.
ApeCoin (APE)
ApeCoin (APE) is a utility and governance token designed to strengthen the community within the APE ecosystem, established in conjunction with the Bored Ape Yacht Club (BAYC).
Cryptocurrency analyst Sheldon tells The Sniper according to ApeCoin is poised for a breakthrough after reaching value levels near a resistance zone, as highlighted in X’s post on November 20.
APE is currently trading at $1.49 and is up a significant 5.12% on the day, 0.44% on the week, and 33.28% over the previous 30 days based on the latest data.
Bone ShibaSwap (BONE)
Bone ShibaSwap (BONE), a key component of Shibarium, the Layer 2 blockchain of the Shiba Inu cryptocurrency ecosystem, has generated a lot of interest in the crypto community. This increase in interest is evidenced by remarkable metrics: The total number of transactions on Shibarium recently exceeded 4 million.
Additionally, according to the announcement made on November 17, BONE now enables mobile app access for traders via StealthEX.
Meanwhile, BONE is trading at $0.64 and according to the latest data, it lost 3.17% of its value on the day, 5.11% in one week and 10.21% in the previous 30 days.
Conclusion for Current Data on Meme Coin Market
If the crypto market experiences growth in 2024, driven by events such as Bitcoin’s halving and the potential introduction of a spot Bitcoin ETF in the United States, this could lead to a broader market expansion. As a result, the market benefits from this trend positively and the meme coin market can continue to grow.