Whereas the whole cryptocurrency phase is in the course of a modest correction, the meme cryptocurrency phase has taken a success. Its day by day efficiency seems even weaker in comparison with the market benchmark, however formidable newcomers carry some optimism.
Meme cash misplaced 5% of market cap in 24 hours
The phase of meme cryptocurrences is bleeding right now, Dec. 30, 2024. Its aggregated market capitalzation plunged by nearly 5%. Meme crypto market caps dipped under $105 billion, CoinGecko tracker says. In the meantime, the market benchmark solely misplaced 4.6% within the corresponding interval.
The highest 10 largest meme cash are sending combined alerts to the group in latest days. Whereas all of them are in purple on the 24-hour timeframe, weekly efficiency reveals a special image.
Based mostly Brett (BRETT) is the worst performer within the high league, with 4.8% misplaced in seven days. Shiba Inu (SHIB), the meme coin with the most important group, is down by 2.2%. The token of the Shib Military left the highest 15 cryptocurrencies by market cap.
Dogwifhat (WIF), probably the most hyped meme coin on Solana (SOL) blockchain, can also be in purple, with 1.9% of its market cap erased in a single day, whereas Mog Coin (MOG) is down by 2%.
Pepe (PEPE) and Bonk (BONK), different main meme cash, managed to remain within the inexperienced however added lower than 1% every within the final week.
High 100 newcomers PENGU, AI16Z outperform majors
Dogecoin (DOGE) and Floki Inu (FLOKI) have reveal a stronger restoration implulse, with a respective 1.4% and three.7% added in seven days.
On the identical time, newcomers are in highlight for the meme coin group. PENGU, an official meme coin of Pudgy Penguins NFT assortment, is up by over 15%. The token is already greater than WIF and FLOKI regardless of being in its very infancy.
Additionally, AI16Z, a meme coin related to the first-ever DAO ruled by autonomous AI brokers, greater than doubled its worth within the final week. In seven days, it surged by 125% and jumped into the highest 100 cryptocurrencies.
