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The meme coin sector has seen a significant resurgence, with top coins Dogecoin and Shiba Inu up by 7% and 8%, respectively, and others witnessing over 20% gains.
The total market capitalization of the cohort briefly surpassed $55 billion, although it is known for rapid and often volatile price changes.The meme coin sector has experienced a substantial revival in the past 24 hours, with numerous assets moving well into green territory. The leading ones by market capitalization – Dogecoin and Shiba Inu – are up by 7% and 8%, respectively.
However, many others have outshined them with much more impressive gains. The frog-themed Pepe soared by over 20% and hit a new all-time high price.Floki Inu , Popcat , and MAGA have also climbed by double digits. On the other hand, the Solana-based Cat in a Dogs World is among the very few, charting minor declines.
The total market cap of the meme coin niche briefly exceeded the $55 billion mark, representing a 7% increase on a daily scale. Currently, the figure stands at around $54 billion.Meme coins are often the first to rally substantially when the market starts heating up. Significant price increases in a shortoffer investors the chance of making huge profits. However, price swings in the opposite direction are also frequent, meaning traders should be utterly careful when delving into the matter.
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