Weekly Memecoin Performance

It has been another exciting week for memecoin protocols regarding new developments in the crypto space. As always, we strive to keep you updated with their weekly progress.

Unlike last week’s roundup, the top memecoins suffered no significant price loss. Here is a recap of how they fared from Sept. 2 to Sept. 9:

Dogecoin ($DOGE)

Dogecoin remains the number one memecoin in the industry by market capitalization. In contrast with last week's decline from $9.2 billion to $8.2 billion, $DOGE's market cap rose slightly to $8.4 billion.

Here are some of the notable highlights of the popular dog-themed memecoin in the past week:

• $DOGE dropped by 2.26% in the last seven days. The token is currently trading at $0.06373, up by 5.46% in the last 24 hours. Further, the memecoin’s social engagement growth rate is at 1.28 billion.
• The protocol finally announced The Dogecoin Hackathon event date and program schedule.
• The Dogecoin Hackathon will run from November 15th to November 20th.
• Registration is ongoing for Dogecoin developers, teams, and individuals interested in attending the event.

• The program will focus on building the Dogecoin ecosystem with new integrations like GigaWallet API, Doge-Eth Bridge, LibDogecoin, and more.

Shiba Inu ($SHIB)

Ethereum-based "Dogecoin Killer," $SHIB, rose in market capitalization from $6.7 billion to $7.3 billion in the last seven days.

Let's explore the protocol's interesting developments over seven days:

• $SHIB price reduced by just 0.09% last week and is trading at $0.00001311, with a 24-hour price surge of 8.3%.
• Shiba Inu unveiled the "SHIB The Metaverse WAGMI Temple" concept on Sept. 3.

• The protocol's publication revealed its partnership with top visualization studio, The Third Floor, to create an immersive environment for $SHIB enthusiasts.
• Further, the memecoin added popular film producer Brandie Konopasek to its metaverse team.

Baby Doge Coin ($BABYDOGE)

$BabyDogeCoin market cap increased slightly from $144 million to $145 million. The popular memecoin with use-cases on both BNB Chain and Ethereum perked ears this past week:

• $BABYDOGE decreased by 6.15% in the past seven days. As of writing, the token traded at 1.28e-9 and is up by 6.60% in the last 24 hours.
• The protocol disclosed that its native Decentralized Exchange (DEX) product, BabyDogeSwap will go live on mainnet shortly.
• Finally, two weeks until the 3D BabyDoge NFTs will drop on Ethereum. More details on the way, according to the team.

Floki Inu ($FLOKI)

Nicknamed "the people's currency," Floki Inu joins our memecoin roundup with its core utilities on both BNB Chain and Ethereum. $FLOKI has a market cap of $86.3 million.

The memecoin has made some positive developments in the past week. Here are some of the protocol's highlights from Sept. 2:

• $FLOKI seven-day price data is at -8.36%. The memecoin is currently worth 9.75e-6 and is up by 9.7% in the last 24 hours.
• The utility-based dog-themed token also has a social engagement growth rate of 113.98 million.
• On Sept. 4, Floki Inu was a top Twitter trend, largely due to its innovative product—FlokiFi Locker.

• The $FLOKI token got listed on popular crypto exchange, Deepcoin. Floki Inu announced the milestone on Sept. 5.

• From Sept. 10 to 12, holders who use $FLOKI to purchase goods on Shopping.io will receive 20% of their order value back in $SHOP tokens.

• $SHOP is the native currency of Shopping.io built on the Ethereum blockchain.
• Floki Inu created a petition to list its native token on Robinhood. Interested users can sign the petition HERE.
• $FLOKI's market cap on CoinMarketCap is now verified.

Samoyedcoin ($SAMO)

Number one Solana-based memecoin, Samoyedcoin, retains its place in the weekly roundup. $SAMO's market cap increased from $35 million to $41 million.

The protocol didn't launch any innovation in the past week:

• $SAMO went down by 4.13% during the past week. However, the token is experiencing a 24-hour bullish run, as it is up by 10.27% at $0.01094.
• The project restarted its Twitter Spaces Series, Alpha Dog, for weekly updates and fun.
• The floor price for a Samo NFT is currently 4 SOL, according to Hyperspace Marketplace.