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Meme Token Economy Rises 14% in 2 Weeks — DOGE and SHIB Command 83% Dominance

After languishing for two weeks, and then consolidating, crypto-assets saw a rebound in value towards the end of the week. Specific tokens such as decentralized finance (defi), metaverse tokens and smart contract coins have improved tremendously, but the meme-token economic increased in value, with a variety of meme coins like dogelon mars, dogecoin and shiba Inu seeing significant gains over the past seven days.

Meme Coins Gain in Value Over the Past Week — Shiba fantom and Luni Lead The Pack
21 days ago on December 5, the meme token economy was down more than 12% and hovering just above the $47 billion region. Today, the market valuation of the meme-based crypto economy is $54.1 billion, up 14. 61% has been updated since then. Out of the top ten meme-based crypto assets today, 8 out of 10 of them saw seven-day gains. The largest meme-based crypto-asset dogecoin (DOGE) jumped 9.6% last week while shiba inu (SHIB) spiked 21% during that time frame.

Meme-coin economy via Coingecko.com on December 26, 2021.
Other top ten meme-based assets that saw gains last week include spell token (31.5%), dogelon mars (51.7%), baby doge coin (41.1%), cate coin (22%), and dogebonk (27.5%). However, the biggest meme coin gainers this past week include shiba fantom (193.5%), luni (189%), fantom doge (67.2%), and kawakami (57.5%). The biggest losers in the world of meme-based coins include smugdoge (-54.4%), shibavax (-42.1%), and iotxshiba (-36.4%).

Numerous ‘Dog’, ‘Shiba’, ‘Doge’, and ‘Shiba’ references in Meme Coin names
Today’s 24-hour meme coin gainers include luni, shiba fantom, and cake monster. With the meme-coin aggregate value of all the tokens on Sunday, December 26 at $54.1 billion, dogecoin and shiba inu make up most of the total. Dogecoin’s market capitalization today is $25 billion and shiba inu’s market cap is $20 billion.

This is 83. 17% of the entire meme-coin economy value on Sunday morning (EST). The $2. 49 trillion in crypto coins is the total dominance of the meme coin economy. 17% today.

A number of coins have similar names to other meme coins that are discussed on a daily basis, such as SHIB or DOGE. 24 meme coins in the meme token market economy, recorded by coingecko.com on December 26, contain the term “doge” in the name, 29 tokens have the term “dog” in the name. 19 meme coins have the term “shiba” in the name, 25 use the term “shib,” and 12 coins use the term “inu” in the name.

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What did you think of the seven-day gains in meme-coin assets? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News, is Jamie Redman. Redman has been an active participant in the cryptocurrency community since 2011.. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock. Pixabay. Wiki Commons.

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Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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