- Major meme coins are anticipated to surpass Dogecoin.
- The meme coin market cap stands at $60.8B, marking a 16% drop.
As the cryptocurrency market begins to signal recovery, it anticipates the next incoming bull run. Eventually, the market attention has turned toward meme coins like Floki, Shiba Inu, and Pepe. Some crypto analysts suggest the assets could surpass Dogecoin’s dominance.
With a notable 16% decline in the last 24 hours, the meme coin market cap stands at $60.8 billion. Major meme coins in the market are priced in red.
Besides, Dogecoin remains Elon Musk’s favorite cryptocurrency. Donald Trump announced a government efficiency commission if he is re-elected, led by Musk. Analysts expect the price of Dogecoin to push toward a new all-time high in case of a Trump victory.
The Dogecoin price is currently positioned at $0.1442, with gains over 4.50%. Its daily trading volume increased by over 73% to $1.42 billion, as per CMC data. The peak price of the asset is observed at $0.1459 and the lowest at $0.1366. Notably, Dogecoin is trading approximately 80% below its all-time high (ATH).
FLOKI
Floki is a substantial part of the upcoming bull run. The dog-themed meme coin is trading at $0.0001321, losing over 0.91% in the past 24 hours. FLOKI has noted a low trading price of $0.0001313 and a peak price of $0.0001361.
Over the last seven days, the asset has lost a notable 15%, plunging to $0.0001287. Meanwhile, the asset is currently trading 60% below its all-time high.
Shiba Inu
The meme coin is currently trading at $0.00001689 while expecting positive price momentum in the incoming bull run. While comparing Dogecoin, the asset has lost over 0.70% in the past 24 hours. SHIB has recorded a peak price of $0.00001732 and a lowest price of $0.00001684, over the day.
Moreover, at press time, SHIB is trading below 80% of its all-time high record. And, in the past week, the meme coin has plummeted by over 12%, to $0.00001636.
PEPE
The frog-themed meme coin has gained analyst attention over Dogecoin for the anticipated bull run. At press time, the asset trades at $0.000008848, plunging by 2.94% over the last 24 hours. PEPE’s lowest and highest prices over the day were marked at $0.000008845 and $0.000009257, respectively.
The meme coin observed a loss of over 17% to $0.000008545 in the last seven days. Besides, the meme coin is trading over 48% below its all-time high price.
On the other hand, in the meme coin market, the assets are grappling to hold their ground and regain their momentum for the incoming bull run. The volatile crypto market is positioning the tokens for a potential flip.
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