April 20th was Doge Day, and 24 hours later, Dogecoin, a popular dog-themed meme coin, was among the few coins to rise significantly in value as the cryptocurrency market rediscovered its footing. It was one of the.
Dogecoin finds footing
Dogecoin (DOGE) is up 6.22% in the past 24 hours, with more than $1.5 billion worth of DOGE traded in that time frame, according to CoinMarketCap, a website that aggregates cryptocurrency data.
The current price of Dogecoin ($0.1615 per token) is also up 6.2% compared to 7 days ago and 3.6% compared to a month ago. However, it is still nearly 19% lower than its value over the past 14 days.
Shiba Inu numbers increased by double digits
Shiba Inu (SHIB), ranked 11th by market capitalization in the broader crypto market and the second largest meme coin in the world, also performed well in the 24-hour period. During that time, prices have increased by more than 16%.
This marks a continuation of the Shiba Inu's upward trend that began over a week ago after a period of adjustment. The price improvement brought the 24-hour trading volume to his $1.4 billion, making DOGE his 8th most traded cryptocurrency on the market.
Floki: Best performer among the 5 major meme coins
Among the top five meme coins by market capitalization, Floki (FLOKI) recorded the highest price increase in the past 24 hours.
FLOKI, trading at $0.0001705, rose more than 20% despite trading much less volume than DOGE and SHIB's $360 million, according to CoinMarketCap.
FLOKI's current level is also over 16% higher than a week ago, and about 454% higher than a year ago.
However, the meme coin is still in the red on the 14-day and 30-day periods, down nearly 17% in 7 days, and over 23% worse in 30 days.
Overall, the top meme coin in terms of price performance over the past 24 hours is ERC20, with its value increasing by an incredible 1,231% in that time.
Sorama, Popcat, and Bonk (BONK) also recorded the best performance, with prices increasing by 96%, 48%, and 41%, respectively.
