Hold onto your hats, because the meme coin world is buzzing with excitement once again! After a rocky start to the week, the crypto universe has decided to throw a party, skyrocketing in the last 24 hours. The global market cap has soared past a whopping $3.6 trillion, with big names like Bitcoin and XRP leading the charge and showing off their gains.
But the real fun is happening in the meme coin corner. The market cap in this quirky niche has jumped by 6.5% in just a day, cruising back to the $120 billion mark. Dogecoin (DOGE), the king of meme coins, is strutting its stuff with a 5% increase, while its fierce competitor, Shiba Inu (SHIB), is hot on its tail with a 4% rise.
Let's talk about the party animals of the meme coin world. Dogwifhat (WIF) is stealing the spotlight with a 15% price surge, and Peanut the Squirrel (PNUT) isn't far behind, leaping up by 10%. Other meme coins like Toshi (TOSHI), Fartcoin (FARTCOIN), Popcat (POPCAT), MEOW, Zerebro (ZEREBRO), and more are also making waves.
TOSHI made a splash recently, with its value rocketing over 100% after a nod from Coinbase. This cat-themed token is jumping through hoops to get officially listed on the US-based trading platform, and if it does, we might witness an even bigger price explosion. TOSHI's current market cap of nearly $130 million keeps it out of the top 10 in the meme coin standings, but who knows what the future holds?
In a twist of political drama, meme coins linked to the upcoming US president Donald Trump are also dancing in the limelight. MAGA (TRUMP) has climbed 9% in a day, while MAGA HAT (MAGA) is celebrating with a 17% rise. Lesser-known coins like Dark MAGA (DMAGA) and MAGA: Fight for Trump (TRUMPCOIN) are seeing even bigger jumps.
This surge could be driven by the hype around Trump’s inauguration as the 47th President of the United States, set for January 20. The big question is whether these meme coins will keep the momentum going post-inauguration or if we'll see a classic “sell the news” scenario unfold. Stay tuned, because this meme coin saga is far from over!
