According to CryptoPotato, the Meme currency market has performed strongly in the past 24 hours, with some currencies experiencing significant gains. Shiba Inu Coin (SHIB) has gained 13% in the past 24 hours and is trading just below $0.0003. Although still down 10% from its gains over the past week, Shiba Inucoin has outperformed Dogecoin (DOGE), which has gained 5.7% over the past day. However, Solana-based meme coin Dogwifhat (WIF) has seen the highest gains in the past 24 hours, reaching 30%, and is currently trading at around $3. The increase was linked to a photo Elon Musk posted on Twitter of his dog and several other dogs wearing hats to celebrate his birthday. The market soared despite the lack of an obvious relationship between the photo and the increasingly popular meme.