Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack – After being spurred by dogecoin’s recent price spike, the top meme tokens by market capitalization saw a huge jump on Monday.
Over the previous 24 hours, crypto meme currencies including dogelon mars, shiba inu, and floki inu have gained 2-13 percent. Today, the entire meme token economy is valued $35.8 billion, an increase of 9.4 percent.
Following Elon Musk’s $44 billion acquisition of Twitter, digital currency markets soared, and crypto meme tokens enjoyed a huge increase in value. At 4 p.m. (ET) on Monday, 24-hour statistics showed that dogecoin had gained 26.3 percent in value against the US dollar.
Today, Dogecoin (DOGE) is still up 18.8% and hanging just above the $0.15 mark. Many people believe the spike is due to speculations that Musk would integrate dogecoin payments into some of Twitter’s functions.
While dogecoin’s value increased against the dollar on Monday, a number of other notable meme coin assets followed suit. During the last 24 hours, Shiba inu (SHIB) gained 1.7 percent and Dogelon mars (ELON) gained 13 percent against the US dollar.
While DOGE, ELON, and SHIB all experienced percentage rises, baby doge coin (BABYDOGE), the fourth largest meme currency asset, is still down 0.8 percent at the time of writing. In contrast, the Floki inu (FLOKI) has gained 2.1 percent versus the US dollar in the last 24 hours.
Coins like samoyedcoin, kishu inu, catecoin, the doge NFT shards, and hoge finance all saw significant rises in meme tokens. On Monday, Litedoge (LDOGE) gained 162.6 percent and Vitoge (VITOGE) gained 98.8 percent.
Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack – During the previous day, Jejudoge, hotdoge, dogefi, and shih tzu all experienced double-digit growth. Additionally, dogecoin (DOGE) has already seen $4.54 billion in worldwide transaction volume in the last 24 hours, while SHIB has seen $1.25 billion.