When it comes to cryptocurrencies, the area that investors have most turned to for big gains is undoubtedly meme coins. DOGE’s emergence followed by the rise of SHIB and many other meme coins seems to have turned investors’ attention to profits. Especially at the end of 2023 and in March 2024, the meme coin rises reached very different dimensions. So, what is happening in the market right now?
DOGE Coin Current Status
At the top of the market and with $7.6 billion more than its closest competitor, DOGE has shown a stable appearance over the past 7 days, but indicators seem to have turned positive.
Elon Musk supported the meme coin for a long time and occasionally opened the door to its rise. After a 1.71% increase in the last 24 hours, DOGE is trading at $0.1239. In the last 7 days, DOGE has shown a 1.77% upward movement.
DOGE’s market cap is approaching $18 billion, while its trading volume is just under $1 billion at $963 million.
SHIB Comments
DOGE’s closest follower SHIB continues to show uncertainty. The price increased by only 0.9% in the last 24 hours, which means almost neutral movement. In the last 7 days, the decline continues and has reached 2.40%.
Meanwhile, SHIB’s price is at $0.00001757. SHIB’s market cap is $10.3 billion, while its trading volume remains at $372.6 million.
PEPE Coin Rising
PEPE is among the top rising meme coins of the day. PEPE’s price increased by 9.59% in the last 24 hours, trading at $0.00001192. PEPE’s 7-day price change was a 13.15% increase.
PEPE’s trading volume is at $930 million and remains close to the $1 billion level. Its market cap is around $5 billion.
WIF at the Peak
The day’s winner was none other than WIF, one of the most talked-about cryptocurrencies on the Solana network along with BONK. WIF’s price returned to $1.92 after a more than 19% increase in the last 24 hours, delighting its investors.
However, WIF’s 7-day price movement indicated a 9.34% decline. WIF’s market cap approached $2 billion again, standing at $1.917 billion. Its trading volume rose to $700 million.
In recent days, we mentioned in our news that some analysts had opinions that WIF could drop to $1 after a possible rise. It seems that the price movement that will now occur on the WIF side will continue to be a matter of curiosity.
