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Home Business & Finance

Memecoins Surge Ahead of US Elections

Nnaemeka OkwarabyNnaemeka Okwara
November 5, 2024
in Business & Finance
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Memecoins Surge Ahead of US Elections
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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.

Tags: Electionfederal characterFinanceMemecoinsMemecoins Surge Ahead of US ElectionsNewsUS
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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