Memecoins
These Dog-Themed Meme Coins Are Kicking Off July in Style
The cryptocurrency market staged a recovery today, with several sectors such as dog-themed meme coins and Solana tokens moving above the market. These gains come after a prolonged period of downtrend that saw the price of Bitcoin (BTC) fell to $61,000. The recent surge has led to higher prices for major crypto assets.
Meme parts Dog-themed tokens have also gained momentum over the past 24 hours after several assets saw double-digit inflows. Specifically, dog-themed tokens are up 4%, with the total market cap reaching $36.2 billion, while daily trading volume has surged to $2.25 billion. Here are the top-performing dog-themed tokens at the start of the month.
Shiba Armstrong
This asset gained 33.6% today and is trading at $0.001264 amid bullish projections for this month. Although the monthly figures declined, recording capital outflows of 25%, the bulls maintain positive weekly momentum. The asset is up 42% in the last seven days, pushing the price above the broader market.
According to data from CoinGeckoDaily trading volumes for the asset stand at $81,000, a figure many expect to skyrocket as bullish activity intensifies.
Cheems
Cheems price surged to $0.001547 today after registering a 28.7% price increase. Over the past seven days, the asset has registered a 48.6% increase, sparking a rally and renewed optimism. The nearly 50% inflow saw its price nearly double while major cryptocurrencies were riddled with fluctuations. However, previous losses at the height of the market corrections threaten the bullish momentum.
Last month, outflows from dog-themed meme coins hit 58.9%, dropping their market cap to $3.7 million, while daily volumes hit $126,000.
Egg dog
Eggdog price has increased by 13%, becoming one of the most profitable dog-themed meme coins today. The asset’s price is trading at $0.0007878. Last week, bullish sentiment pushed the asset above 26% despite corrections over several quarters. The asset’s market cap and low trading figures signal the likelihood of additional investments, users say. The total market cap stands at $787,000 while the daily trading volume is $102,000.
Read also : Solana Bulls Eye $150, What’s Next for the Asset?
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for breaking news. Staying abreast of trends, David has reported on several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Outside of financial markets, David enjoys cycling and horse riding.