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Despite Solana’s growing interest, Ethereum’s established network and extensive ecosystem continue to dominate the meme token world. Shiba Inu Coin (SHIB) maintains its impressive rise in decentralized finance with a strong 12% value increase. Known as the second meme token, SHIB signaled an upward trend with a 7% increase last week.
Rise in Meme Tokens
Shiba Inu Coin (SHIB) maintains its impressive rise in decentralized finance with a strong 12% value increase. Known as the second meme token, SHIB signaled an upward trend with a 7% increase last week. Currently priced at $0.00002447, SHIB is poised for further growth and continues its upward momentum.
Pepe (PEPE), an Ethereum-based cryptocurrency, is also attracting significant interest. With a current market value of $4.04 billion, Pepe coin ranks 24th in the market. Pepe’s price saw a remarkable 482% increase last year, reaching $0.000009691. This performance marks PEPE as the leading meme token on CoinMarketCap.
Last week, PEPE showed a significant 20% increase, solidifying its status as a key player in the altcoin market. The recent value increase positions PEPE as a top choice for investors looking to benefit from the 2024 bull run in the altcoin season.
Developments in FLOKI
Meanwhile, Floki, accessible through both Binance Smart Chain and Ethereum as BEP-20 and ERC-20 tokens respectively, has seen a notable increase following the approval of a major token burn proposal by FLOKI DAO.
This development, along with recent major listings and exchange integrations, has sparked optimism within the FLOKI community, potentially indicating a continued upward trend. Currently priced at $0.0002007, Floki has seen an 11% drop in the last 24 hours but experienced a significant 15% increase last week. The crypto community is closely watching and expecting further gains in the 2024 bull run.
