Dogecoin and Shiba Inu are starting to lose their market dominance despite being the largest cryptocurrencies. In terms of returns, newer meme coins have performed better, leaving the OGs in the dust as they continue to take losses. Here are the top meme coins that saw the highest returns in the past week.
Pepe (PEPE) Dominates Meme Coins Before Dogecoin
Pepe's dominance in the coin space so far has been nothing short of amazing. Even after orchestrating one of the fastest runs from less than $500,000 in market capitalization to over $1 billion, it's still not sold out. Recently, it was the only memecoin to reach all-time highs.
And last month, Baby price It rose more than 100% after recovering from the widespread market crash that plagued cryptocurrencies in April. Then in mid-May, its price reached an all-time high above $0.00001. It has since grown another 60% to $0.00001655, reaching a market cap of $6.88 billion, making it the third largest memecoin in the space.
In terms of weekly returns, Pepe's price still leads, rising 48.6% in the past seven days alone, according to Data From Queen Gekko.
Floki (Floki) outshines the Shiba Inu
Floki has arguably had one of the most surprising recoveries this year, going from a market cap of less than $500 million to more than $2.5 billion in the space of a year. This recovery has seen Floki secure its place as the fourth largest meme coin, beating the likes of BONK for the title.
Just like Pepe, FLOKI has had an amazing performance this month as well, jumping over 100% in this time. Then, in the past seven days, BONK's price rose by 30.6%, reaching an all-time high of $0.0003365. At its current price of $0.0003016, at the time of this writing, Floki is only 10% away from achieving a brand new all-time high.
Bonk (bonk)
Bonk continued its upward trajectory after successfully clearing the resistance at $0.000036. It recorded gains of 26.7% last week, with a gain of 11.8%. Increase in the last day Meme coin It now sits at a market cap of $780 million.
This market capitalization places it behind FLOKI on the list of top meme coins, but it has now fallen out of the top five. However, it is ahead of Book Of MEME (BOME), which currently stands at $395 million.
Dujoyfat (WIF)
the Dojoyvat coin meme It is less than a year old, but in that time, the cryptocurrency has made great strides in that time. And last week alone, Price of dog It dominated the meme coins, recording the fourth highest returns for investors on the weekly chart.
CoinGecko data shows that the price of Dogwifahat rose by 1.1%. Although it lags behind the likes of PEPE and BONK, it is still far ahead of market leaders such as Dogecoin and Shiba Inu.
Featured image created with Dall.E, chart from Tradingview.com
