Amid the latest rally in the cryptocurrency market, popular “memecoins” such as PEPE, Dogecoin, and SHIB have seen notable growth.
Pepecoin, inspired by the “Pepe the Frog” meme, has enjoyed a 14% increase in value in a single day, trading at $0.00000120 according to CoinGecko. Over the week, it has seen an impressive 90% increase.
Dogecoin has recorded a double-digit increase in its price, reaching $0.73 at press time, with an increase of 25% over the week.
Shiba Inu also joined the trend, rising 7% in one day and 18% since last Thursday, while FLOKI, another dog-themed cryptocurrency, is up more than 20% on the day and 70% in week.
However, it is important to note that most assets, including Solana, which has gained more than 33% in the last week, are still far from their all-time highs. PEPE, DOGE and SHIB need a 90% increase to reach their previous highs. PEPE, in particular, is 70% below its all-time high.
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