news 
Meme Coin Market Rebound: DOGE, SHIB, and PEPE Lead the Surge
The meme coin market has staged a remarkable comeback over the past week, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) spearheading the surge. This recovery comes on the heels of a 2-week low of $94.94 billion, as per CoinMarketCap data. As of press time, the meme coin market has rebounded to record $107.83 billion, marking a 6.87% uptick over the past seven days.
Dogecoin (DOGE): A Stellar 10% Rise
Dogecoin, widely regarded as the pioneer of meme coins, has made an impressive comeback, climbing a staggering 10.01% over the past week and adding another 4.91% in the last 24 hours, now trading at $0.3775. Its market capitalization has risen to $55.73 billion, reflecting a 4.39% boost, while trading volumes have surged to an astonishing $4.23 billion in just 24 hours—a 37.69% increase.
This renewed momentum underscores Dogecoin’s enduring influence in the crypto space. As whispers of increased adoption and the ever-present shadow of Elon Musk’s involvement continue to circulate, the market remains captivated by DOGE’s resurgence.
Shiba Inu (SHIB): A Resilient Performance
Shiba Inu continues to demonstrate its staying power in the meme coin arena, recording a 4.90% price increase over the past week and a 3.04% rise in the last 24 hours. Currently valued at $0.00002239, its market capitalization stands at $13.19 billion, up 2.51%. Notably, its trading volume surged by 66.88%, reaching $569.32 million, indicating heightened market activity.
The Shibarium network’s expansion and community-driven projects are likely contributing to SHIB’s steady growth, showcasing the token’s resilience in the meme coin sector.
Pepe (PEPE): Rally Picks Up Speed
Pepe, a relatively newer entrant in the meme coin space, has made significant waves with a 3.86% weekly climb, surging even higher to 7.16% on the daily chart, now valued at $0.00001866. Its market capitalization has reached $7.85 billion, bolstered by a 55.01% spike in 24-hour trading volume, totaling $1.1 billion.
Fueled by its passionate community and growing speculative interest, Pepe’s rally exemplifies its increasing adoption.
Source: www.cryptonewsz.com
