Weekly Memecoin Update

It was another difficult week for our top memecoin protocols. Most dog-themed projects dropped in price in the past seven days.

Despite the bear market, these projects continue to improve their utilities in the Decentralized Finance (DeFi) space.

Let's give a recap of how they fared in the past week:

Dogecoin ($DOGE)

$DOGE continues its run as the number one memecoin by market capitalization, although the token's market cap dropped from $7.9 billion to $7.8 billion.

(Price data and social stats from Oct. 13-19 retrieved from CoinMarketCap and LunarCrush)

• $DOGE fell by 0.07% in the past seven days. As of writing, the token was trading at $0.05953 with a 24-hour decrease of 0.62%.
• $DOGE's latest utility remains its acceptance as a payment option by billionaire supporter Elon Musk. Users can purchase the Tesla CEO's Burnt Hair perfume with $DOGE.
• In the meantime, $DOGE is preparing to celebrate its ninth anniversary in December.

• Also, the Dogecoin Hackathon event is drawing near. The maiden event will kickstart on Nov. 15 in Australia.

Shiba Inu ($SHIB)

$SHIB's market cap dropped from $5.6 billion to $5.4 billion. But the memecoin project added a new utility to its growing ecosystem:

• $SHIB dropped by 0.11% last week. The popular memecoin token is also down by 1.48% in the previous 24 hours, trading at $0.00000996.
• Shiba Inu introduced crypto payments for Google services, adding to its GameFi, Non-Fungible Token (NFT), Metaverse, and Decentralized Exchange (DEX) utilities.
• On Oct. 15, Shiba Inu partnered with Coinbase to accept crypto payments for Google Cloud services.

• The number one search engine will start accepting crypto payments for its services, and $SHIB will be one of the accepted tokens.

Baby Doge Coin ($BabyDoge)

$BabyDoge’s market cap dropped from $136 million to $134 million. The protocol aims to reach new milestones with its Baby Doge Swap DEX:

• $BabyDoge fell by 0.97% in the past week. The token is currently valued at $0.000000001181 and is down by 0.58% in the previous 24 hours.
• BabyDogeSwap broke the the $20 million mark in Total Value Locked (TVL) on Oct. 14. Additionally, the DEX continued adding new farms for users to earn rewards.

• On Oct. 18, the DEX was listed on the Coingecko terminal. Users can now view the analytics of all available BabyDogeSwap pools.

• BabyDoge celebrated its new listing on Onus Exchange. Fans of the memecoin can now purchase $BabyDoge on the platform.

Floki ($Floki)

The market cap of $FLOKI dropped to $63 million from $69 million. Floki's Valhalla Livestream continued along with its major push to list on Binance:

• The price of $FLOKI over the last seven days dropped by 6.18%. As of writing, $FLOKI is trading at $0.000006793 and is down by 0.24% in the last 24 hours.
• Floki's petition to list on Binance is nearing 35,000 signatures. The memecoin celebrated 29,000 signatures on Oct. 17. Details on how to sign are in the tweet below:

• Here is the protocol's latest Valhalla Livestream:

Samoyedcoin ($SAMO)

$SAMO's market cap dropped from $24 million to $22 million. The Solana-based memecoin is preparing for the Solana Breakpoint event in Lisbon on Nov. 5:

• The price $SAMO increased by 0.51% from last week's value. The token is, however, down by 3.82% in the past day, valued at $0.006294.
• With Halloween around the corner, Samoyedcoin is hosting a meme contest for the community. See the tweet below for more details:

• Additionally, the memecoin is giving out five free "Samo Is Coming" shirts to users who may not be able to attend the Solana Breakpoint event in Lisbon.

• Based on popular demand, Samo sticker pack is available on the Aten store for 5 USDC.