The post PEPE Surges 26%, Challenges SHIB as Coin Market Hits $146B appeared on BitcoinEthereumNews.com.

PEPE jumped by more than 4% in the past 24 hours while SHIB and DOGE crashed. Baby Doge Coin (BabyDoge) skyrocketed by more than 30%. BabyDoge claimed a market cap of $859 million but a correction is expected. Market shifts put meme coins in the spotlight this week, with Dogecoin (DOGE) and Shiba Inu (SHIB) losing over 3% in value over the past 24 hours. In contrast, PEPE surged by 4%, signaling its potential to challenge SHIB’s market dominance. According to CoinMarketCap data, over the past week, DOGE gained 3.26%, trading at $0.45, while SHIB rose 4.27% to $0.00003116. However, PEPE led the sector with a remarkable 26.14% increase, now priced at $0.00002617. The meme coin market capitalization has reached $146 billion, with a robust $27.7 billion in daily trading volume. Other meme coins like dogwifhat (WIF), FLOKI (FLOKI), and Popcat (POPCAT) also saw notable weekly gains, rising by 16.60%, 13.17%, and 24.49%, respectively. However, in the past 24 hours, WIF fell 3.27%, FLOKI declined 1.18%, and POPCAT dropped 3.16%. Market Highlights: Baby Doge Gains Momentum Baby Doge Coin (BabyDoge) emerged as a key performer, surging by 31% within a week. This impressive rally pushed BabyDoge to the 12th spot in meme coin rankings, with a market cap of $859 million. BabyDoge also witnessed a significant rise in social media activity. The project’s X account announced that its holder count doubled in just 15 hours—a milestone for a small-cap meme coin. Based on the chart below, it is clear that the bulls are overall in control of the BabyDoge price action as the cryptocurrency trades at $0.085666, down 13.46% from its all-time high of $0.086355. Since December 2023, the meme coin is up 274.06%.  The Accumulation/Distribution line is almost flat, which means that investors can expect the meme coin’s volatility…

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Filed under: News - @ December 10, 2024 6:19 am