Meme cryptocurrencies have become the leaders in growth on the crypto market over the past 24 hours. The top six in terms of growth rate out of the top 100 digital coins include 5 memecoins, according to CoinGecko.
The joke cryptocurrency dogwifhat ($WIF ), issued on the Solana network, has risen in price more than others in 24 hours — by 20.7%. This is a memecoin, the image of which shows a Shiba Inu dog in a hat — in a free translation from English, where the preposition is misspelled, the name of the token means "dog with a hat."
In second place is the comic "cat" token of the same blockchain Popcat #POPCAT , the rate has grown by 18.3%. The third position was taken by the frog Pepe ($PEPE ) from the Ethereum network - it has risen in price by 13.9% in a day.
Leaders in daily growth from the Top 100 crypto markets Source: CoinGecko
The top gainers also included Bitcoin-based ORDI ($ORDI ) and Solana-based Bonk (#BONK ), up 12.1% and 11.8% respectively.
ORDI is a token of the Ordinals protocol, which allows the creation and transfer of BRC-20 tokens in the Bitcoin network. The cryptocurrency appeared in the spring of 2023 as a memecoin, but over time it became the largest among other BRC-20 tokens and is now the main token of the protocol.
Bonk is a memecoin that also appeared in early 2023. It runs on the Solana blockchain and uses a Shiba Inu dog as its identity, just like the largest meme cryptocurrencies Dogecoin (#Dogecoin ) and Shiba Inu (#SHIB ).
The last two also showed growth. Over the past day, Shiba Inu has risen in price by 6.7%, DOGE by 4.6%. Another "dog" meme cryptocurrency, FLOKI (FLOKI), has risen in price by 8.8%.
The active growth of memecoins began against the background of the general growth of the crypto market, as well as after the speech of the head of Tesla and SpaceX Elon Musk at a meeting of the US presidential candidate Donald Trump with voters. Musk, who spoke in support of the pro-cryptocurrency contender for the post of the US President, actively promotes the meme cryptocurrency Dogecoin and has a Shiba Inu dog named Floki