DOGE and SHIB will lead the Meme-based asset package in 2021, and each token will account for 85% of the Meme coin economy

[ad_1]

The end of 2021 is coming, and the capitalization of meme-based digital currencies such as Dogecoin and Shiba Inu is also very good this year. In fact, cultural crypto assets worth US$46.9 billion account for 2% of the US$2.32 trillion crypto economy.Dogecoin and Shiba Inu alone occupy approximately 85.28% of the cultural cryptocurrency market

Current market valuation.

Meme-based crypto economy will reach 46 billion U.S. dollars in 2021

For meme-based crypto assets such as meme-based crypto assets (such as the OG of meme-based assets), this year has been an honest year, and its market valuation has soared 4,375.9% year-to-date (YTD).In terms of capitalization, Dogecoin is the largest meme-based cryptocurrency because it commands

The value on the Sunday of the nineteenth month of the Gregorian calendar is about 22.8 billion U.S. dollars. In terms of capitalization, the second largest cultural coin is Shiba Inu (SHIB). Year-to-date, the exchange rate of cryptocurrency plus SHIB against the U.S. dollar has risen by 46,960,505.7%.

Both of these tokens have stimulated the flourishing of alternative crypto-assets based on memes. Dogelon mars (ELON) has become the fifth largest cultural cryptocurrency market valuation with US$591 million, and BABYDOGE has a market value of US$258 million and currently occupies the sixth largest position.

In addition, Dogecoin and shiba inu also inspired a variety of “dog” or “shiba inu-breed” coins in 2021, as these names have dozens of tokens. Although there are a large number of memetic-based assets in 2021, the judges and SHIB areas dominate by occupying 85.28% of the cultural encryption economy.

In the past week, a dozen Meme coins have shown double-digit and triple-digit gains, which are lower than the judges and SHIB’s cultural tokens representing 0.296% of the entire crypto economy.

Although the prices of Dogecoin and Shiba Inu have declined in recent weeks, a large number of cultural coins have seen double-digit or even triple-digit increases in the past 7 days. Last week, the wallstreetbets dapp (WSB) token rose by 177.5%, while Solana’s kitten token (KITTY) rose by 117.9%. Jeju Island (JEJUDOGE) has soared 112% in the past 7 days, while woofy (WOOFY) has climbed 40 places. In the past week, other well-known meme coin risers embraced shibavax (SHIBX), which rose by 37.2%, smugdog (SMUG) rose by pure gold, and Spell token (SPELL) rose by 20 places.

Although there are countless meme coins, judges and SHIB regional units are still long-term leaders. 2 There are a lot of larger market value, a lot of additional trading volume, and level

The other side of the culture adds the acceptance below them. For example, judge and SHIB are used by a large number of exchanges, and commercial processors like Bitpay support every token. Except for Dogecoin and Shiba Inu, the USD 60.9 billion cultural coin economy under them only accounts for 0.296% of the entire USD 2.32 trillion crypto economy.

Post DOGE and SHIB will lead the Meme-based asset package in 2021, and each token will account for 85% of the Meme coin economy First appeared in Bitcoin wire.

[ad_2]

Source link

Recommended For You

About the Author: AZ