Dogecoin and Shiba Inu are beginning to lose their dominance in the market despite being the largest meme coins. In terms of returns, newer meme coins have performed better, leaving the OGs in the dust as they continue to nurse losses. Here are the top meme coins that have seen the highest returns in the last week.
Pepe (PEPE) Dominates Meme Coins Ahead Of Dogecoin
Pepe’s dominance in the meme coin space so far has been nothing short of astounding. Even after staging one of the fastest runs from under $500,000 market cap to over $1 billion, it is yet to run out of steam. Recently, it has been the only top meme coin hitting new all-time highs.
In the last month, the Pepe price rose by more than 100% after recovery from the market-wide crash that plagued cryptocurrencies in April. Then in mid-May, its price hit an all-time high above $0.00001. It has since grown another 60% from there to reach $0.00001655, to reach a $6.88 billion market cap, making it the third-largest meme coin in the space.
In terms of weekly returns, the Pepe price is still ahead, rising 48.6% in the last last seven days alone, according to data from CoinGecko.
Floki (FLOKI) Beats Out Shiba Inu
Floki is arguably one of the most surprising recoveries of this year, going from a below $500 million market cap to over $2.5 billion in the space of a year. This recovery has seen Floki secure its spot as the 4th-largest meme coin, beating out the likes of BONK for the title.
Just like Pepe, FLOKI has had an incredible run this month as well, jumping more than 100% in this time. Then, in the last seven days, BONK’s price is up 30.6%, to bring it toward its all-time high price of $0.0003365. At its current price of $0.0003016, at the time of this writing, Floki is only 10% away from making a brand-new all-time high.
Bonk (BONK)
Bonk has continued on its upward trajectory after successfully clearing the resistance at $0.000036. It has recorded gains of 26.7% in the last week, and with an 11.8% increase in the last day, the meme coin is now sitting at a $780 million market cap.
This market cap puts it behind FLOKI on the list of top meme coins, but has now fallen out off the top 5. However, it is ahead of Book Of MEME (BOME), which currently sits at $395 million.
Dogwifhat (WIF)
The Dogwifhat meme coin is less than one year old, but in that time, the cryptocurrency has made a lot of strides in that time. In the last week alone, the Dogwifhat price has dominated among meme coins, recording the fourth-highest returns for investors on the weekly chart.
CoinGecko data shows that the Dogwifhat price is up 1.1%. Despite falling 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
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