Meme coins have been showing their prowess once again with incredible gains. These meme coins were initially slow to the party but have picked up the pace quite nicely since then. In the last two days, meme coin gains have dominated the market, making them some of the top gainers at the time. Here is a list of the top meme coins that have done incredibly well so far.
Floki Inu (FLOKI) Takes The Lead With Meme Coins
When the crypto market rally first began, the price of Floki Inu (FLOKI) had stalled just like the rest of the meme coins. In what seemed to be an out-of-character rally for the crypto market, FLOKI was nowhere to be found; that is, until Thursday.
On Thursday, FlOKI had broken out of a range that it had been trading in and went on a green spree. The result of this rally has been an over 116% increase in the price over the past week. In the last day alone, the meme coin’s price is up 24.7%, making it the highest gainer in the crypto market in the last day. This put it ahead of the likes of NEO and INJ despite their rapid rise.
Pepe Coin (PEPE)
Next on the list of meme coins that have performed nicely is the PEPE coin. Now, PEPE had followed the market recovery a bit faster than the rest but that does not mean the rally had died out. In fact, PEPE is still in the green in the last 24 hours with its seven-day increase coming out at 86%.
PEPE had been able to return to its August high of $0.00000121 after falling over 50% from this level previously. This recovery has pushed its market cap back above $500 million, to retain its title as the third-largest meme coin in the space.
PEPE coin recovers to $0.000001215 | Source: PEPEUSDT on Tradingview.com
Baby Doge Coin (BABYDOGE)
Another meme coin that has surprised investors is been Baby Doge Coin (BABYDOGE). This meme coin’s rally has been more under the radar and taking a slower route. But just like the other meme coins in this report, it has seen an admirable increase.
To put this in perspective, BABYDOGE’s gains for the last week are sitting at 42.3%. Its daily gains are 14.3% and it is also up 4.6% in the last hour at the time of this writing. This suggests a sustained interest in the meme coin that could see it retain gains better than its counterpart.
Dogecoin (DOGE) And Shiba Inu (SHIB)
Dogecoin (DOGE) and Shiba Inu (SHIB) have also followed the market trend quite nicely but they fall short when compared to their smaller counterparts. Both of these meme coins are in the green like the other but to a smaller extent.
Dogecoin is recording 7-day gains of 19.1% while Shiba Inu is seeing 13.9% gains in the same timeframe. Interestingly, both coins, which are the two largest meme coins in the space, are the only ones in their report seeing a daily decline. The decline for DOGE is 1.1% and 0.4% for SHIB.
These recovery figures show a tendency of smaller meme coins to perform better in the bull run due to their lower market cap. Hence, it is easier for their price to rally higher and secure higher gains for investors.