Inu Corner: Memecoin Roundup (Sept. 2)

Weekly Performance of Top Memecoins

Following our roundup of top memecoins by market capitalization, based on CoinMarketCap data, let’s look at their weekly performance.

While none had a significant price surge, some have been making some exciting moves in the space. Here’s the rundown:

Dogecoin ($DOGE)

The popular dog-themed memecoin on BNB Chain is still number one in terms of market capitalization. However, the $DOGE market cap dropped from $9.2 billion to $8.2 billion.

• $DOGE went down by 11.05% in the last seven days. The token is currently trading at 0.06213.
• The memecoin also recorded over 1 billion social engagements.
• The most significant move so far is its upcoming hackathon event. However, the memecoin is yet to announce the date.

Shiba Inu ($SHIB)

The “Dogecoin Killer” built on Ethereum has a market cap of $6.7 billion, down from $7.5 billion last week.

• $SHIB declined by 12.71% last week and is trading at $0.00001224 pe coin.
• Its number of social engagements stood at 409.98 million for the week.
• The memecoin’s most recent initiative was an incentives program in partnership with MEXC Global exchange which lasted from Aug. 26 to Sept. 1.

• The protocol distributed 5,555 $BONE to users who completed the tasks. $BONE is part of the Shiba Inu ecosystem, alongside $LEASH.

Dogelon Mars ($ELON)

The market cap for $ELON is $157 million, compared to $171 million last week.

• The memecoin’s price decreased by 8.6% in the past week and is trading at $0.0000002874.
• The number of social engagements for the week is 3.89 million.
• The memecoin built on Ethereum and Polygon is yet to develop any form of utility. Therefore, there are no upcoming innovations.

Baby Doge Coin ($BabyDoge)

$BabyDoge’s market cap dropped to $144 million from $166 million. The protocol made some notable achievements in the last seven days:

• $BabyDoge has the lowest price drop of memecoins on this list, reducing by 7.68%. The token is currently trading at $1.26e-9.
• On Sept. 1, $BabyDoge was voted as the most popular memecoin on Binance US after exceeding 1.5 million followers on Twitter and 1.6 million holders on BNB Chain.
• The protocol also drew sponsors for its farming and staking product, Baby Doge Swap.
• On Aug. 28, $BabyDoge gained acceptance as a payment option on WooCommerce and Shopify stores across the globe.

Samoyedcoin ($SAMO)

The Solana-based memecoin with a dog theme was the biggest loser in the past week. $SAMO’s market cap dropped to $35 million from $43 million.

• The memecoin declined by 15.78% and is trading at $0.009627.
• Not much has been happening lately on Samoyedcoin. However, the protocol recorded significant growth in its native Non-Fungible Token (NFT).

• According to Hello Moon, a Solana index provider, the floor price of Samoyedcoin NFTs increased by over 100% in the last 24 hours.

BSC News recommends you do proper research before investing in any of the projects.