Memecoin Madness: Dogecoin Soars 25%, Shiba Inu Up 8% (Market Watch)

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Memecoin Madness: Dogecoin Soars 25%, Shiba Inu Up 8% (Market Watch)
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The memecoins have taken over ever since Elon Musk completed the acquisition of Twitter.

Binance Coin is also another notable gainer. BNB has addedUniswap is up by a similar percentage and has exceeded $7. Ethereum, Ripple, Cardano, Tron, and Avalanche are in the green as well, while Solana, MATIC, and Polkadot have retraced slightly.The primary cryptocurrency has also performed well in the past week, albeit not as impressive as DOGE. It jumped from $19,000 to over $20,000 last Tuesday and hasn’t looked back since.

It even jumped to $21,000 on two separate occasions, the last being on Saturday, which became the highest price point since September 13. However, the bears intercepted the move and pushed BTC south. As a result, the asset fell to $20,500 and dipped toward $20,000 yesterday. Nevertheless, it managed to defend that level and stands at a familiar ground of $20,500 as of now.four eventsIts market cap now has declined to $395 billion, and its dominance over the altcoins continues to evaporate and is now at 38.5% – down by over 1.5% in about a week.

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