Two memecoins that come under the top ten crypto rankings are Dogecoin, worth $23.8 billion, and a new token called Shiba Inu.
Due to the rise in the worth of meme coins, Shiba Inu’s past Cardano has become among the top ten cryptos by market value.
Over the past couple of weeks, memecoin mania has seen another rise, with Pepe, Shiba Inu, Dogwifhat, and many other tokens hitting new all-time highs (ATHs). Meme coins are replicating significant cryptocurrencies.
Cardano is now 11th after SHIB but was ranked third during the 2020–21 bull market. $16.3 billion is the market value of Cardano, while Shiba Inu has a market cap of 16.4 billion.
Cardano is investing now at $0.46, which is almost 80% down from its previous high record of over $3.10. Ripple and Cardano were stagnant in their prices, while Bitcoin and other altcoins regained their losses in the previous cycle.
Aside from SHIB, folks surpassed Polygon’s ranking at 18th for a brief period as the meme coin reached another high record. But the price of Pepe ranked 19th after a correction. New meme coins and the famous WIF surpassed Hedera for the 18th position, regaining its $4 billion market capitalization.
Dogecoin is now worth $23.8 billion, and SHIB is ranking among the top ten cryptocurrencies.
There are various stages of a meme coin bull surge during the 2021 bull cycle.
The meme coins that are barely a year old led the bull cycle during the previous bull run. Among the coins that have had double-digit gains are Pepe, WIFI, Book of Meme (BOME), and others that were all created in the past years.
This time, the well-known meme currency from the previous bull market, SHIB, and the original DOGE meme coin have both seen a significant rise. They are not as popular as the recently released meme coins or their surges from the previous bull market.
Memcoins are on the rise, setting new records and generating double-digit returns during a time when the prices of Bitcoin and many other cryptos seemed stable. Meme coins have made up six of the top ten gainers in the last 24 hours, and weekly charts also show this tendency.
