Tuesday, April 16, 2024
HomeBusinessMeme tokens and dogcoins flood the market as price wars heat up...

Meme tokens and dogcoins flood the market as price wars heat up By Cointelegraph

Date:

Related stories

Preparing for the summer: Air Conditioning maintenance checklist

Maintaining your AC Your air conditioner is one of the...

4 Accident Prone Zones Atlanta Motorcyclists Must Be Aware Of

A responsible motorcyclist does their best to educate, learn,...

Feedback Loops: How Employee Input Can Enhance Your Handbook

The employee handbook has served as a cornerstone of...

The Rise of Online Tailors: Are They Worth the Hype?

The entire world of men's fashion is evolving at...



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 (DOGE) and (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.