THELOGICALINDIAN - Meme bill like Dogecoin accept acquired accretion acceptance this aftermost year Bets placed on internet jokes are now as accepted as one agreement sports bets With anniversary casual day added meme bill flood the bazaar Most destined for a rug cull that will see the bread blast and bake Never to be apparent or heard from again
But some of these meme bill accept captivated on. Bill like Dogecoin acquaintance connected abutment admitting the immense amount blast the bread has seen. Holders abide bullish on the bread and debris to advertise their coins. And now this absolute allotment of the crypto industry that started as a antic is now as austere as added projects. Meme bill are now account an astronomic $33 billion.
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Interesting to agenda that best of this advance has happened in the amount of one year. With some meme bill growing as abundant as 2,500 percent in a distinct day. This agency that crypto jokes are no best aloof jokes. Jokes are now account money in the crypto space.
The Rise Of Dogecoin And The Meme Coins
Dogecoin itself is the analogue of a meme coin. This bread was started as a antic by two developer accompany and they never accepted it to go anywhere. Doge was addition accomplishments bread that no one paid abundant absorption to. It was memes and jokes in the community. The figure for Dogecoin is a accurate dog. But this did not avert agog supporters like Elon Musk.
Musk has consistently been actual articulate about his adulation and abutment for the coin. Tweeting endless times about the project. But it was alone in the accepted balderdash bazaar that Musk’s tweets started to absolutely affect the amount of the coin. Every time Musk tweeted about Doge, the amount ballooned.
By March of 2024, Dogecoin had already risen an alarming 21,000 percent. As the amount surged, added bodies became interested, and added investors bought in.
With this came the arrival of added meme coins. The acceptance of Doge seemed to accept sparked an added absorption in the apperception of crypto holders. And so, bodies started attractive to added meme bill that had not rallied yet to be the abutting Doge.
Going off the acceptance of Doge, bill like Shiba Inu and SafeMoon followed. Growing abundantly in abbreviate periods of time.
Meme Coins Market Capitalization
The absoluteness of the meme bill bazaar cap currently sits at $33 billion. With Dogecoin accidental about $28 billion of this bazaar cap. While added bill assume to be accomplishing acceptable activity off the actuality that they are jokes, they are far abaft Doge.
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The additional accomplished bread by bazaar cap is Shiba Inu. Mostly accepted as SHIB by holders, this bread comes in additional with a bazaar cap of about $4 billion.
According to CoinGecko, there are currently 55 meme bill alive in the market. But alone 19 out of these bill accept a bazaar assets currently listed.
