Shiba

Dogecoin

Rally

Shiba Inu

<ul class="wp-block-list">
 <li>Meme coins surged 7.9% in 24 hours, reaching a market cap of $55 billion and trading volume of $10.2 billion.</li>  
 <li>Dogecoin and Shiba Inu led the rally, with market caps of $16.18 billion and $10.5 billion, respectively.</li>  
 <li>NEIRO rose 105.2% in the past week, with a market cap of $891 million and trading volume surpassing $1 billion.</li> 
</ul>  
<p>Meme coins have gained significant momentum in the digital asset space over the past 24 hours. Coins such as Shiba Inu (SHIB), Popcat (POPCAT), Dogwifhat (WIF), and First Neiro on Ethereum (NEIRO) have recorded notable gains, highlighting their growing prominence in the market.&nbsp;</p>  
<p>Notably, data from CoinMarketCap reveals that the meme coin sector now holds a market capitalization of $55 billion, reflecting a 7.9% increase over the last day. Additionally, trading volume in this segment reached $10.2 billion during the same period. While altcoins have also reported gains, meme coins are leading the way.</p>  
<h2 class="wp-block-heading" id="h-meme-coins-boost-overall-crypto-market-cap"><strong>Meme Coins Boost Overall Crypto Market Cap</strong></h2>  
<p>Intriguingly, the strong performance of meme coins has also <a href="https://cryptonewsland.com/best-new-meme-coins-to-buy-in-october-babydoge-and-other-rising-stars/" target="_blank" rel="noopener noreferrer nofollow">influenced</a> the broader cryptocurrency market. The overall market capitalization of digital assets increased to $2.19 trillion. Shiba Inu and Dogecoin, two of the most well-known meme coins, have been at the forefront of this surge. Dogecoin's market value is currently $16.18 billion, while Shiba Inu's valuation stands at $10.5 billion.&nbsp;</p>  
<p>Moreover, over the past 24 hours, Dogecoin rose by 2.55%, while Shiba Inu saw a 5.45% increase. In the past week, Dogecoin rose by 1.40%, and Shiba Inu grew by 1.5%. These price increases have solidified their position in the market.</p>  
<h2 class="wp-block-heading" id="h-shiba-inu-patterns-point-toward-possible-price-movements"><strong>Shiba Inu Patterns Point Toward Possible Price Movements</strong></h2>  
<p>Recent market analysis points to a notable price movement in Shiba Inu. SHIB KNIGHT, a popular analyst, on X (formerly known as Twitter) identified a "W" pattern forming in the SHIB price chart. This pattern emerged after the price fell from $0.00002169 to $0.00001548, then rose to $0.00001885, and later dropped again to $0.00001605.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/army_shiba/status/1844961369306575155
 </div>
</figure>  
<p>In addition, if Shiba Inu surpasses the $0.00002 level, the "W" pattern could be completed. This would potentially signal further upward momentum for the coin, attracting additional interest from traders.</p>  
<h2 class="wp-block-heading" id="h-popcat-and-neiro-lead-the-meme-coin-rally"><strong>Popcat and NEIRO Lead the Meme Coin Rally</strong></h2>  
<p>Beyond Dogecoin and Shiba Inu, other meme coins have recorded impressive performances. Popcat (POPCAT), Dogwifhat (WIF), and NEIRO have seen significant price gains. Popcat’s value has surged 7.9% in the past 24 hours, while Dogwifhat rose 35.2%. NEIRO, with a market cap of $891 million, experienced a notable increase in trading volume, surpassing $1 billion.&nbsp;</p>  
<p>As of the time of writing, it is trading at $0.002141 after a 105.2% rise over the past week. As of the latest data, Popcat is trading at $1.42, while Dogwifhat and Pepe (PEPE) are priced at $2.71 and $0.059837, respectively.</p> 
<p>The post <a href="https://cryptonewsland.com/meme-coins-rally-as-altcoins-lose-momentum/" rel="noopener noreferrer nofollow">Meme Coins Rally as Altcoins Lose Momentum</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Meme Coins Rally as Altcoins Lose Momentum

Table of Contents

Crypto News Land

Other articles published on Oct 12, 2024

Crypto Expert Predicts Shiba Inu and Dogecoin Will Never Hit $1 — Find Out Which Altcoins He’s In...

Robert Kiyosaki’s Final Advice to Those Not Investing in Bitcoin

After MooDeng’s 480% rally, PropiChain’s whitelist promises x2 the gains in 4 months

Top AI Tokens FET, AKT, and WLD Under Grayscale's Radar for a Potential Product Offering

Massive XRP Whale Emerges as 104 Million Tokens Transferred to New Wallet

The World on the Other Side of the Crosswalk

Join our free newsletter for daily crypto updates!