PEPE Challenges SHIB, Child Doge Rallies 31%: Meme Coin Market Hits $146 Billion

• PEPE jumped by greater than 4% previously 24 hours whereas SHIB and DOGE crashed.
• Child Doge Coin (BabyDoge) skyrocketed by greater than 30%.
• BabyDoge claimed a market cap of $859 million however a correction is anticipated.

Market shifts put meme cash within the highlight this week, with Dogecoin (DOGE) and Shiba Inu (SHIB) dropping over 3% in worth over the previous 24 hours. In distinction, PEPE surged by 4%, signaling its potential to problem SHIB’s market dominance.

In accordance with CoinMarketCap knowledge, over the previous week, DOGE gained 3.26%, buying and selling at $0.45, whereas SHIB rose 4.27% to $0.00003116. Nevertheless, PEPE led the sector with a exceptional 26.14% enhance, now priced at $0.00002617. The meme coin market capitalization has reached $146 billion, with a strong $27.7 billion in day by day buying and selling quantity.

Different meme cash like dogwifhat (WIF), FLOKI (FLOKI), and Popcat (POPCAT) additionally noticed notable weekly positive aspects, rising by 16.60%, 13.17%, and 24.49%, respectively. Nevertheless, previously 24 hours, WIF fell 3.27%, FLOKI declined 1.18%, and POPCAT dropped 3.16%.

Market Highlights: Child Doge Good points Momentum

Child Doge Coin (BabyDoge) emerged as a key performer, surging by 31% inside per week. This spectacular rally pushed BabyDoge to the twelfth spot in meme coin rankings, with a market cap of $859 million. BabyDoge additionally witnessed a big rise in social media exercise. The undertaking’s X account introduced that its holder depend doubled in simply 15 hours—a milestone for a small-cap meme coin.

Based mostly on the chart beneath, it’s clear that the bulls are total answerable for the BabyDoge value motion because the cryptocurrency trades at $0.085666, down 13.46% from its all-time excessive of $0.086355. Since December 2023, the meme coin is up 274.06%. 

The Accumulation/Distribution line is sort of flat, which signifies that traders can count on the meme coin’s volatility to drop within the close to future. The gradient of the road shares an identical evaluation whereas the Shifting Common Convergence/Divergence indicator confirmed a bearish divergence which signifies that a value correction may be anticipated after the latest value surge.

PEPE Outperforms SHIB and DOGE

PEPE’s spectacular 26.14% weekly acquire has sparked discussions about its potential to overhaul SHIB in market cap. In contrast to SHIB and DOGE, PEPE has maintained robust upward momentum regardless of a broader meme coin pullback.

With the memecoin hype reaching frenzied ranges, newer tokens like Mog Coin (MOG) and BabyDoge are gaining traction to problem the established leaders.