Meme Token Economy Jumps Close to 10% Higher After Dogecoin Spike Fuels the Pack

The apical meme tokens by marketplace capitalization saw a important leap connected Monday aft being fueled by dogecoin’s caller terms rise. Crypto meme coins similar shiba inu, dogelon mars, and floki inu saw 2-13% gains implicit the past 24 hours. The full meme token system is worthy $35.8 billion, up 9.4% today.

Meme Token Assets See Double-Digit Gains connected Monday Following Dogecoin’s Rise

Following Elon Musk’s acquisition of Twitter for $44 billion, integer currency markets jumped successful worth and crypto meme tokens saw a important spike. 24-hour statistic astatine 4 p.m. (ET) connected Monday had shown dogecoin (DOGE) jumped 26.3% successful worth against the U.S. dollar.

Dogecoin (DOGE) is inactive up 18.8% contiguous and is hovering conscionable supra the $0.15 zone. Many judge the emergence is based connected specified speculation that Musk could possibly implement dogecoin payments into immoderate of Twitter’s operations.

DOGE/USD connected April 25, 2022 astatine 9:00 p.m. (EST).

While dogecoin jumped successful worth against the dollar, a fig of different fashionable meme coin assets followed DOGE’s pb connected Monday. Shiba inu (SHIB) jumped 1.7% and dogelon mars (ELON) roseate 13% higher against the USD during the past 24 hours.

ELON/USD connected April 25, 2022 astatine 9:00 p.m. (EST).

While DOGE, ELON, and SHIB each saw percent gains, the 4th largest meme coin plus babe doge coin (BABYDOGE) is inactive down 0.8% astatine the clip of writing. Floki inu (FLOKI) connected the different hand, jumped 2.1% higher against the U.S. dollar during the past 24 hours.

SHIB/USD connected April 25, 2022 astatine 9:00 p.m. (EST).

Other notable meme token increases came from coins similar kishu inu, samoyedcoin, catecoin, the doge NFT shards, and hoge finance. Litedoge (LDOGE) spiked 162.6% higher and vitoge (VITOGE) saw a 98.8% summation connected Monday.

Jejudoge, dogefi, hotdoge, and shih tzu, each saw double-digit gains during the past time arsenic well. Additionally, during the past 24 hours, dogecoin (DOGE) has seen $4.54 cardinal successful planetary commercialized volume, portion SHIB has seen $1.25 cardinal today.

What bash you deliberation astir the meme token marketplace enactment connected Monday aft Elon Musk acquired Twitter? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.