A look at the weekly performance of our five top memecoin projects – Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin.
Weekly Memecoin Roundup
Unlike last week's price declines, popular dog-themed memecoin platforms performed well in the crypto and Decentralized Finance (DeFi) market, with bullish price trends and notable activities.
As always, we strive to keep you updated with their progress in the industry. Here is how they performed from Sept. 23 to the time of writing:
Dogecoin ($DOGE)
$DOGE bounced back from its dip last week, with its market cap rising to $8.06 billion from $7.8 billion, sustaining its Alpha position on the memecoin rankings.
Like last week, the project team is busy preparing for its maiden Dogecoin Hackathon event in Australia on Nov. 15.
- $DOGE went up by 5.87% in the past week. The token currently trades at $0.06082 and is up by 1.09% in the last 24 hours.
(Project metrics obtained from LunarCrush and CoinMarketCap.)
Shiba Inu ($SHIB)
$SHIB’s market cap grew from $5.8 billion to $6.25 billion. The utility-based memecoin also improved its ecosystem in the past week.
Here is how the protocol performed in the industry:
- $SHIB increased by 7.05% last week. Presently, the token is valued at $0.0000112 and is up by 1.92% in 24 hours.
- The protocol gave users updates about its GameFi product, Shiba Eternity, through a Twitter Spaces event on Sept. 23. Over 10,000 members from its large community of 3.5 million Twitter followers joined the discussion.
- On Sept. 26, Shiba Inu teamed up with Italian fashion brand John Richmond to host an exclusive event, combining fashion with Web3. According to John Richmond's Twitter page, the event highlights, held in Milano, will be showcased in the coming days.
Baby Doge Coin ($BabyDoge)
The $BabyDoge memecoin with Non-Fungible Token (NFT) and Decentralized Exchange (DEX) utilities recovered to $137 million after its market cap had falledn to $134 million last week.
As expected, the popular memecoin made some significant moves on BNB Chain, including plans to launch its GameFi product:
- $BabyDoge went up by 1.76% after last week's decline. The token is up by 2.94% in the last 24 hours and is trading at $0.000000001204.
- Baby Doge's innovative 3D NFTs went live on Sept. 22.
- To obtain them, users who own the memecoin's 2D NFTs must stake their collection for 90 days on babydogenft.com. Every 2D design has a corresponding 3D BabyDoge NFT.
- After its native DEX--BabyDoge Swap--goes live on mainnet, the protocol will showcase its BabyDoge game.
- According to the protocol's tweet on Sept. 23, Baby Doge will launch more than one game, with the first set to go live on testnet shortly:
- Baby Doge Coin celebrated surpassing 1.6 million followers and holders on Twitter and will giveaway 1.6 trillion $BabyDoge to one lucky winner who completes the following tasks:
Floki ($FLOKI)
$FLOKI's market cap increased slightly from $71 million to $72 million. The memecoin with its FlokiFi solution and Valhalla GameFi continued developing last week:
- FLOKI's weekly price increased by 1.57%. The token is currently up by 1.2% in the previous 24 hours, valued at $0.00000779.
- On Sept. 26, the protocol's petition to list on Binance reached 28,500 names. The memecoin seeks 35,000 signatures to list on the industry-leading exchange platform.
- The Floki cross-chain bridge powered by multichain is now live. Users can securely bridge their $FLOKI tokens from the Ethereum network to BNB Chain, and vice versa.
- The protocol published a YouTube video to educate users on utilizing the Floki Bridge.
- Floki's latest Twitter Spaces about its ecosystem was held on Sept. 28. You can play the recording below:
- Following its plans to list on multiple exchanges, $FLOKI gained a listing on BlueBit, a multi-asset centralized exchange. Users can now trade FLOKI/USDT on the exchange.
- Certik has now activated Skynet for FlokiFi ahead of a complete audit.
Samoyedcoin ($SAMO)
Unlike the other four memecoins in our roundup, $SAMO dropped in market capitalization from $29 million to $28 million in the past week. However, the Solana-based platform is gearing up for an exciting innovation:
- $SAMO went down by 0.98% over seven days. The token is trading at $0.007916 and is up by 1.68% in the last 24 hours.
- Samoyedcoin is anticipating an upcoming DEX product from Monaco Protocol, an open-source infrastructure for decentralized prediction markets.
- The DEX, BetDEX, will be the first product on Monaco, powering sports betting on Solana. When the DEX beta goes live, members of the Samoyedcoin community will build a product on Monaco.
- The memecoin is anticipating the BetDEX launch so the community can deploy its new product.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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After a correction phase in the broader crypto market, many coins are gaining momentum once again. Sui (SUI) has emerged as a stand-out choice for investors amid market recovery with its readily expanding user base and positive price trend.
In the meme coin space, Dogiwifhat (WIF), after leading the meme coin rally in the past week, is showing a downward trajectory. Due to WIF’s utter hype-oriented tokenomics, investors are speculating about its long-term viability and are shifting to projects with real-time utility in the Defi sector.
SUI shows strength after reaching 600k daily active accounts
Sui (SUI) is making notable strides in the crypto space with a massive surge in price momentum and trading volume. The project has made headlines, notably after the announcement of THORwallet’s integration with Sui for staking purposes. This collaboration streamlines staking, providing users with a simpler and more accessible way to enhance blockchain security and efficiency.
Sui recently achieved a major milestone, surpassing 600K daily active accounts. According to DeFiLama data, Sui's total value locked (TVL) has a favorable short-term trend. With the project's commitment to bringing new dApps online, there is potential for this price momentum to persist in the long run.
At present, the SUI token is valued at $2.1, indicating a notable surge of 13% on the intraday chart. The network is experiencing substantial investor activity, evident by a 140% surge in trading volume. With an optimistic outlook on the project, SUI is demonstrating the massive potential and is poised for significant gains in the upcoming weeks.
WIF whales shift focus after the price drops 4.5% in 24 hours
Dogifiwhat's (WIF) recent surge in the meme coin frenzy due to massive whale traffic has started to fade. The token flipped many meme coins in its recent rally to a $3B market cap just after months of launch, which proved to be a significant milestone for the meme coin. WIF price has dropped by 4% in a day, along with a declining market cap.
While some analysts indicate a positive comeback for the token, others predict a further decline in its price towards $2 by mid-April if the current trajectory persists. Amid these speculations, WIF investors are turning their attention to an emerging project currently in its presale phase, expected to yield 1200x returns once it launches on major exchanges.
Algotech (ALGT) grabs market by surge with its $3.1 million presale
Algotech (ALGT) has stolen the spotlight from meme coins like WIF as having more upside potential for massive gains. With a ground-breaking presale of $3.1 million in stage 2, Algotech stands out as the top choice for investors in the crypto sector.
The algorithmic trading platform of Algotech offers cutting-edge features like momentum trading, breakout detection, and arbitrage trading. Supporting over 10,000 trading pairs, the platform aims to empower traders with automated trading strategies and key market stats to capitalize on investments.
With over 75 million tokens sold in just three weeks to 9,000 unique holders, ALGT tokens are currently in hot demand. Investors are rushing to grab the tokens at $0.06 before they go up to $0.08 in the next round. Analysts predict that the token will reach $1 before it hits major exchanges, which makes this an ideal time for early investors to join Algotech.
Learn more:
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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