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.