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23.11 - 02:43
Meme tokens and dogcoins flood the market as price wars heat up
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Meme tokens and dogcoins have been an integral part of the ongoing market-wide bull run in the cryptocurrency markets. Among the plethora of these tokens that have been flooding the market, two of these tokens, the longer-standing memecoin Dogecoin (DOGE) and Shiba Inu (SHIB), have gained the most traction and popularity.
Most recently, SHIB started rallying on Oct. 23 from trading $0.000028 to hitting an all-time high of $0.000086 on Oct. 28. The token has since cooled down to exchange hands at $0.000052. Despite that, the token has posted 195.5% gains in the last 30 days and an incredible 72,954,679.8% yearly gains.
This led the token to briefly be featured in the 8th place on the list of top 10 cryptocurrencies by market capitalization,
Read more on cointelegraph.comAbout this in other media
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Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K cointelegraph.com /2 years ago
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