The biggest meme cryptocurrency by market capitalisation, Dogecoin (DOGE), had a very good week. Dogecoin (DOGE) emerged as the top performer among all large-caps, as meme currencies benefited the most from the cryptocurrency rebound. In the small-cap market, TON-based meme cryptocurrencies are dominating with overnight increases of up to 70%.
Dogecoin (DOGE) adds 30% in week, market cap hits $30 billion
Dogecoin (DOGE), the first mainstream meme coin and the largest asset of this type, registered an almost 30% price increase in the last seven days. The dog-themed crypto became the best weekly performer in the top 30 while its capitalization exceeded the $30 billion mark.
The price of DOGE hit $0.21605 today, Nov. 9, 2024, the highest level in almost seven months. At its height, its market value was $30.9 billion.
Following the news that Spirit Blockchain Capital had acquired Dogecoin Holdings, the price of Dogecoin (DOGE) skyrocketed. Implementing Web3 solutions built on the Dogecoin (DOGE) blockchain is the responsibility of Dogecoin Holdings.
Dogecoin (DOGE), a fork of Litecoin (LTC) and an early proof-of-work cryptocurrency, by default does not include smart contract capabilities (programmability). Therefore, Dogecoin Holdings’ significant milestone might encourage more people to accept it.
The meme coin category of the top 100 cryptocurrencies is giving conflicting indications. In just one week, Neiro (NEIRO), the first meme currency with an AI-generated contract, increased by more than 65%. Its market value was more over $1 billion.
However, along with Mantra (OM), Tron (TRX), and Kaspa (KAS), Popcat (POPCAT), the biggest cryptocurrency on the “Murad’s meme coins” list, is one of the few that concluded this incredible week for cryptocurrency in red.
TON meme coins making comebacks; HMSTR leads parade
The macroeconomist Raoul Pal’s positive DOGE price projection has further stoked the excitement of the DOGE community.
TON-based cryptocurrencies are seeing the most remarkable daily growth out of all the meme coins. As whale activity rose, HMSTR, the primary native cryptocurrency of the highly anticipated tap-to-earn Telegram game Hamster Kombat, surged by more than 66% in a single day.
Notcoin (NOT), the biggest TONNE meme cryptocurrency, up 16%, while Dogs (DOGS) and Resistance Dog (REDO) are up 26-27% apiece.
