Shiba Inu And Dogecoin Record Gains As Meme Crypto Trading Volumes Jump 151%

Shiba Inu and Dogecoin, two meme cryptocurrencies, were outperforming at the time of publication, recording gains of 7.29% and 22.99%, respectively, over the previous 24 hours.

The meme economy, which has had new money stream into it over the last 24 hours, has seen its market value rise by 13.19%. According to data from CoinMarketCap, the top meme cryptocurrencies are currently valued at $19.54 billion.

A remarkable 151% spike in trading volumes for this category of assets shows renewed interest in meme cryptocurrencies.

Shiba Inu, one of the 1,000 largest ETH whales in the past day

Shiba Inu, one of the 1,000 largest ETH whales in the past day, was in the top 10 whales by trading volume, according to statistics from WhaleStats. Shiba Eternity was named by the creators of Shiba Inu on August 2, raising hopes for the much anticipated collectible card game.

Shiba Inu’s surge has been further fueled by the burning of more than 292 million tokens in the previous 24 hours, according to data from the Shibburn website. Although it is not certain, it is thought that burning tokens will increase prices.

The first version of libdogecoin, library of Dogecoin building blocks by the Dogecoin Foundation, was unveiled last week by Michi Lumin, a developer for the Dogecoin Foundation.

This library enables lightweight direct integration of Dogecoin into a variety of platforms without the need for developers to have in-depth blockchain knowledge.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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