Top Performing Meme Coins: SHIB (Shiba Inu), PEPE, FLOKI, BONK Surge in Crypto Market

  • Meme cryptocurrencies including PEPE, SHIB, and FLOKI are outperforming the top 100 benchmark, demonstrating significant growth.
  • These meme coin-related segments are trending, with dog-themed and cat-themed coins showing notable increases.
  • Despite a volatile weekend, the crypto market as a whole has shown a slight increase, with Bitcoin leading the charge.

Amidst a volatile crypto market, meme cryptocurrencies PEPE, SHIB, and FLOKI are making waves, outperforming the top 100 benchmark and driving growth in meme coin-related segments.

PEPE, SHIB, FLOKI Outperform Top 100 Benchmark

On May 13, 2024, the largest meme coins showed the best 24-hour performance out of the top 100 cryptocurrencies by market capitalization. PEPE, a popular meme coin on Ethereum and Arbitrum, led the pack with nearly 10% growth. FLOKI, another dog-themed cryptocurrency, showed similar growth, while Shiba Inu (SHIB) added 7.4% overnight. Even Dogecoin (DOGE), the largest meme crypto by capitalization, surged by 5.6%, pushing its capitalization over $21 billion.

Meme Coin-Related Segments Trending

While the crypto market as a whole added only 1.7% overnight, meme coin-related segments demonstrated significant growth. Cat-themed coins, driven by local rallies of POPCAT, MOG, and other minor cat coins, added 14.5% in 24 hours. Meme coins and dog-themed coins followed closely, becoming the fourth and fifth fastest-growing segments according to CoinGecko data.

Bitcoin Leads Crypto Market Recovery

Despite a choppy weekend, the crypto market is showing signs of recovery. Bitcoin, the largest cryptocurrency, jumped by 2.7% overnight, contributing to the overall market increase of 1.7%.

Conclusion

As the crypto market navigates through volatility, meme cryptocurrencies are carving out their own success. With significant growth and trending segments, coins like PEPE, SHIB, and FLOKI are demonstrating the potential of meme coins in the crypto market. As the market continues to recover, these meme coins could potentially lead the way in terms of growth and popularity.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

XRP (XRP) Set to Skyrocket? Analyst Predicts $3 Trillion Market Cap Surge

A recent analysis from EGRAG CRYPTO has...

Singapore’s Leading Bank Revealed as Major Ethereum (ETH) Whale! 🚀

DBS, Singapore's largest bank, has been identified...

Top Financial Institutions Unveil Comprehensive Digital Assets Framework for BTC and ETH

Cryptocurrency continues to gain traction as major...

Dogecoin (DOGE) Plummets 4%: Analyzing the Factors Behind the Meme Coin’s Underperformance

Dogecoin transacting addresses have seen an 18%...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Crypto Markets Plunge Up to 5% Awaiting U.S. Data: Key Altcoins Affected – BTC, ETH, ADA Analysis

The cryptocurrency markets are eagerly awaiting the...

FTSE 100 Index Analysis: Key Insights for May 30, 2024 – Market Trends and Projections

Cryptocurrency markets have been experiencing...

AI Predicts 2024 End-of-Year Surge for XRP and SHIB Coins: Expert Analysis Inside!

The crypto markets have been a rollercoaster...

Crypto Market Daily: BTC, ETH, NOT, AR, XRM Price Analysis and Trends

Cryptocurrency markets witnessed significant volatility today, with...
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

XRP (XRP) Set to Skyrocket? Analyst Predicts $3 Trillion Market Cap Surge

A recent analysis from EGRAG CRYPTO has captured the attention of the crypto community with an ambitious prediction. The analyst suggests...

Singapore’s Leading Bank Revealed as Major Ethereum (ETH) Whale! 🚀

DBS, Singapore's largest bank, has been identified as a major Ethereum whale. According to on-chain analytics platform Nansen, DBS holds $650...

PlayDoge (PDOGE) ICO Launch: The Next Big Meme Coin Set to Dominate the 2024 Crypto Market

The exponential rise of the meme coin sector in 2024 has brought yet another new token with great potential into the spotlight:...