Meme coins are back at it with significant gains throughout the past 24 hours. The market is recovering, in general, but some meme coins are undoubtedly performing better than the rest.
Shiba Inu (SHIB) is up a whopping 13% over the past 24 hours, trading at slightly below $0.0003. The cryptocurrency remains down some 10% on the weekly chart, outlining the considerable volatility it has experienced over the past few days. That said, SHIB is performing better than DOGE, which is up only 5.7% over the past day.
And yet, the Solana-based meme coin Dogwifhat (WIF) is the best performer in the meme coin market today.
The cryptocurrency exploded by some 30% over the past 24 hours. It is currently trading at around $3. This didn’t happen on its own, however. The surge coincided with a photo that Elon Musk posted on Twitter.
pic.twitter.com/ISL9LJboSF
— Elon Musk (@elonmusk) March 17, 2024
Notably, it’s his dog and a couple of others celebrating its birthday and wearing a hat. Apparently, that’s all it needs for the market to go soaring up, despite the fact that there’s no obvious relationship between the photo and meme that’s becoming increasingly popular.
The post Shiba Inu (SHIB) Explodes 13% Overnight but Rival Meme Coin Outperforms appeared first on CryptoPotato.
Bitcoin proponent Jeff Swanson has tweeted about why the premier cryptocurrency still has its fair…
TL;DR Bitget Wallet is adding more than 1,700 tokenized stocks and ETFs through Reality. The…
TL;DR Cairo v2.19.5 has been released by Starkware. The update contains compiler and code-generation fixes.…
TL;DR Celestia has released v0.34.2-corto for celestia-node. The release is specifically for the Corto testnet.…
Market analyst CryptoGoos is urging traders to consider buying Bitcoin about 500 days before its…
Former Ripple CTO David Schwartz believes XRP could eventually overtake Bitcoin in market capitalization, but…