The memecoin market is seeing a big rise, with its total value now at $62.3 billion, which is 4.3% more than yesterday. This increase is mostly because of the excitement around the US presidential elections, with popular memecoins like Dogecoin, Shiba Inu, and Pepe leading the way.
Best-Performing Memecoins:
- Dogecoin: Went up 12.1% in the last day, with a value of $24.7 billion and currently selling for $0.1685.
- Shiba Inu: Increased by 5.7% in the last day, with a value of $10.412 billion and currently selling for $0.000017.
- Pepe: increased by 1.3% in the last day, keeping its value at $3.4 billion.
MOG coin made it into the top 100 crypto assets by value after a strong 11% price increase. Also, memecoins related to Trump have seen a big jump, with MAGA Hat (MAGA) going up 32.6% in the last day.
The memecoin part of the crypto market is the only area seeing a big increase in value right now, while other parts are not growing as much. This can be seen in the total value of all crypto assets, which went down by $33 billion in the past day to $2.38 trillion.
