Memecoins Gain Momentum in the Market, Dogecoin (DOGE) and Shiba Inu (SHIB) Stay Strong in the Top 10

Memecoins have been rather popular in the cryptocurrency market. Nowadays, more of these coins rank in the top 100 cryptocurrencies by market cap.

Memecoins have seen a surge in popularity in the cryptocurrency market, with several now ranking among the top 100 cryptocurrencies by market capitalization. According to the latest data from CoinMarketCap, nine memecoins have made it to this prestigious list.

Dogecoin (DOGE), the long-time flagbearer of memecoins, continues to hold strong in the 9th position with an impressive market cap of $16.274 billion. Shiba Inu (SHIB), boasting a market cap of $10.546 billion, follows closely behind in the rankings.

Other notable mentions include PEPE at 29th with a market cap of $4.203 billion and Dogwifhat (WIF) ranking 39th with a market cap of $2.726 billion, highlighting the staying power of memecoins and their massive influence in the crypto scene.

Memecoins Gain Momentum in the Lower Tiers

Moving down the ranks, we see BONK in the lower tiers at 60th position with a market cap of $1.530 billion, followed by POPCAT at 63rd with $1.488 billion. Another well-known memecoin, FLOKI, ranks 64th with a market cap of $1.357 billion.

Interestingly, younger memecoins are also making their presence felt, with BRETT and NEIRO, boasting market caps of $940 million and $869 million respectively, ranking 85th and 89th. Neiro, in particular, has been in the spotlight recently due to its outstanding performance.

As reported earlier by CNF, Neiro has been outpacing rivals and showing a remarkable surge over the past few days. Thanks to a string of positive developments that have piqued the interest of investors, the coin’s market cap has soared past the $800 million mark.

At its current rate, Neiro is setting its sights on the $1 billion milestone, a goal that will further cement its status among the top-performing memcoins.

Another interesting development, as highlighted previously, is Dogwifhat (WIF) finally showing a major breakout after months of consolidation.

For the memecoin, this event marks a potential turning point, indicating substantial gains for those who have patiently maintained their positions. The confirmation of this breakout has excited the memecoin community as it suggests that WIF may be entering a fresh positive cycle.

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