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Cryptocurrency Market Cap Increases by 7.77%
Saturday’s price action tells a story of bullish momentum and a resurgence of interest in digital assets, pushing the cryptocurrency market cap up a remarkable 7.77% to a staggering $2.37 trillion. dollars.
THE memetic currency the market has not been left behind, recording a 16.7% increase in the last 24 hours, giving the sector a value of $57.7 billion, according to CoinGecko.
Here are the highlights.
Dogwifhat
Leading the charge among large-cap meme coins was Dogwifhat (WIFE).
The Solana-based cryptocurrency, launched on November 20, 2023, has seen a notable increase of 23% in the last 24 hours, accompanied by an impressive increase of 28.65% in the last week.
24/7 WIF Price Chart | Source: CoinMarketCap
Currently trading at $3.37, WIF boasts a market capitalization just north of $3.4 billion, which places it fourth among meme coins and 33rd in the overall cryptocurrency market.
Floki
Floki (FLOKI), another dog-inspired token, saw its price rise to $0.0001994, representing a notable increase of 21.58% in the last 24 hours.
FLOKI 24 hour price chart | Source: CoinMarketCap
Furthermore, Floki price increased by 18.11% in the last seven days.
And the dog-themed meme coin, launched in September 2021 in the wake of a viral tweet from Tesla CEO Elon Musk, continues to demonstrate sustained bullish momentum.
The green turn is evident in Floki’s 14-day price chart, which shows a jump of over 44%.
Dogemoneta
Dogecoin (DOGE), another canine-themed digital asset, is up an impressive 20.27% in the last 24 hours.
The digital asset, introduced in December 2013, is currently trading at $0.159.
DOGE 24 hour price chart | Source: CoinMarketCap
Over the past week, DOGE, like Dogwifhat and Floki, continued its upward trajectory, marking a substantial price increase of 10.46%, according to TO CoinMarketCap.
This increase in value was also observed over a 14-day period, with the meme coin higher by 4.4% compared to two weeks ago. However, the price is still 12.3% lower over 30 days.
Not to be outdone, other meme coins have also posted double-digit gains in the past 24 hours.
Shiba Inu (SHIB) rose 11.98%, trading at $0.00002553, while Pepe (PEPPER) has seen a notable increase of 16.69% over the past week.
Bonk (BONK) also saw its price increase by 11.51% in the last 24 hours, reaching $0.00002915.