Bittime - Investors are flocking to hunt for 3 dog-themed meme coins, namely PolyDoge, ChompCoin, and WIF on ETH. This was driven by encouraging predictions for Dogecoin, the OG (original gangster) memecoin with the image of a Shiba Inu dog.
The cryptocurrency market has also felt the impact, with overall market capitalization increasing by 0.26% in the last 24 hours.
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What's more interesting, the market capitalization specifically for memecoins jumped 5.4% to $65.1 billion (around IDR 1,041.6 trillion). This positive trend cannot be separated from improving market sentiment.
Also read: HarryPotterObamaSonic10Inu Meme Coin Launches Its Own Blockchain!
This triggered a flow of fresh funds into the memecoin market. Dogecoin itself recorded an increase in investors of more than 5%, leading the rise of other dog-themed memecoins.
Crypto analysts are also optimistic about the future of Dogecoin. Several bullish (optimistic) predictions have emerged, encouraging investors to look for similar coins with high profit potential. So, here are three dog-themed memecoins that are interesting to look at.
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1. PolyDoge (POLYDOGE): The Rising Newcomer
PolyDoge is a new star in the memecoin world. The price skyrocketed 194.7% this week and showed a strong upward trend. POLYDOGE's weekly increase even reached 180.58% in the last month.
Also read: Who is Roaring Kitty? The Meme Coin Maestro Is Back
Meanwhile, new investors arrived with a surge in inflow of funds of 278% this month.
Not surprisingly, PolyDoge has become a hot topic of conversation on social media. Its market capitalization currently stands at $21.3 million (around IDR 342.5 billion), while its daily trading volume has soared to $61 million (around IDR 976 billion) according to CoinGecko.
2. ChompCoin (CHOMP): The Biter is Back
ChompCoin doesn't want to be left behind by the trend. The price shot up 34.9% today to $0.1845 (around Rp. 2,962). CHOMP's weekly increase was still in the green zone at 236.7%, even though investors experienced a decline at the beginning of the month.
The good news is, in the last few days new investors have returned with a percentage of 26%. CHOMP's market capitalization currently stands at $17.4 million (around IDR 280.5 billion), while its daily trading volume exceeds $1.5 million (around IDR 25.3 billion).
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3. WIF on ETH: The Persevering Little One
WIF on ETH is a dark horse that is attracting attention amidst the dominance of large-cap memecoins. The price of this coin rose 30.1% in the last week to $0.0001999 (around Rp. 3.21).
Even though it is still trying to catch up in terms of weekly performance, WIF on ETH shows a steady flow of investors. With the bright prospects of Dogecoin continuing to emerge, it is possible that WIF on ETH will follow in the footsteps of its seniors.
Dear Beli Crypto from Bittime
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Memecoin, what is it and what are some examples?
Slerf, Memecoin Loss Before Launch and Memecoin Trends, Potential Profit or Loss?
PEPE Memecoin Hits Record High
GameStop Phenomenon & Its Impact on Memecoin Solana
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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