Dogecoin (DOGE) is on a tear Thursday as the most important meme coin by market cap has jumped 14% within the final 24 hours, greater than double Bitcoin’s day by day share acquire as BTC reclaimed $100,000 and has continued to rise above $103,000 as of this writing.
The main dog-token is now buying and selling at $0.195, up 36% on the month. Predictors on Myriad Markets give it a few 55% likelihood of buying and selling above $0.19 within the subsequent two days, based mostly on information from Myriad’s current flash market. (Disclosure: Myriad is owned by Decrypt‘s mum or dad firm, DASTAN.)
Whereas DOGE is main the pack, a trio of different notable meme cash are following shut behind.
The President’s official Solana token—TRUMP—has jumped practically 16% within the final day of buying and selling, now priced at $12.62. The token just lately surged after an announcement that prime holders would acquire entry to a particular dinner with the President, but it surely’s nonetheless 83% off its January excessive.
One other Solana token, the flatulence-themed Fartcoin (FARTCOIN), is outpacing the President’s token, leaping 24% over the identical time-frame, ok for the fifth-biggest day by day acquire among the many prime 100 tokens by market capitalization based on CoinGecko. It is priced at $1.23.
Ethereum-based meme coin PEPE is the third-largest gainer in that group, up practically 41.5% immediately to a value of $0.000011.
Not solely is the trio outperforming the highest crypto asset, however they’re pulling the load for the remainder of the meme coin class which has now eclipsed a $65 billion market cap—a 16.5% acquire within the final 24 hours of buying and selling.
That class is full of dozens of once-hot meme cash making surges immediately, just like the Solana token Moo Deng (MOODENG) which relies on a Thailand-based pygmy hippo of the identical identify. The token, which earned itemizing on a number of centralized exchanges, is up by 125% within the final 24 hours to $0.089. It stays 88% off its all-time excessive of $0.68 from November.
Meme cash, that are inherently dangerous and risky, have grown in recognition since final 12 months’s launch of Solana token launchpad Pump.enjoyable, which makes it low cost and straightforward for anybody to create their very own token.
New token launchpads, like Boop.enjoyable, at the moment are innovating on that have, together with providing customers main airdrop rewards to attempt to get them to launch tokens and interact on their platforms.
Edited by Andrew Hayward
