Dogecoin, a popular choice of short-term traders, what’s the status of others?
Release: 2024/10/11 22:19 Reading: 533
Dogecoin Dominates Meme Coin Market Among Short-Term Traders
In the past week, an estimated 110,000 short-term traders have chosen Dogecoin over other meme coins. This dominance is highlighted by a recent analysis from IntoTheBlock, a real-time crypto market intelligence platform.
Dogecoin's History and Performance
Since 2015, Dogecoin has experienced a 200% surge, followed by a 60% retracement, and then a bull run.
Pepe Unchained: A Potential Future Memecoin
Pepe Unchained ($PEPU) has emerged as a potential contender in the meme coin market. This new memecoin, inspired by the Pepe the Frog internet meme, aims to create a Layer-2 chain for future meme coins.
Market Cap and Supply
Pepe Unchained has a market capitalization of approximately $4 billion and a total supply of 420.69 T PEPE. Notably, 90% of this supply is currently locked in liquidity pools.
Dogecoin and its Rival
At the time of writing, Dogecoin trades at $0.1084 with a market cap of $15.85 billion. The memecoin has risen 4.2% compared to the previous day. Its main rival, Shiba Inu, is trading at $0.00001724 with a market cap of $10.16 billion and has experienced a decline of 13.17% since October 7th.
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