According to CoinGecko, Memecoin ($MEME) price has experienced a dramatic increase of around 95% over the past week, now trading at approximately $0.055 and setting a new record high. Prior to this surge, the peak value of MEME was $0.042 in December 2023.
MEME Daily Trading Volume Boosted
In the last 24 hours, Memecoin ($MEME) has seen its trading volume escalate to $752,358,436, marking a significant 140.40% boost from the previous day. This substantial increase highlights a surge in recent market engagement.
MEME Weekly Performance
Memecoin ($MEME) has witnessed a remarkable price jump of 95.30% over the past week, significantly surpassing the global cryptocurrency market's gain of 16.50%. This impressive ascent also eclipses the performance of comparable cryptocurrencies within the Ethereum Ecosystem, which has increased by 12.70%.
MEME Market Cap
The market capitalization of Memecoin ($MEME) stands at $528,091,505, positioning it at #166 on CoinGecko as of today. This valuation is achieved by multiplying the current token price by the circulating supply of MEME tokens, with 9.6 billion tokens available for trading on the market today.
What's Next?
Recent CoinGecko data reveals the crypto market cap has surpassed $2.5 trillion. Amid this growth, Messari CEO Ryan Selkis pointed out that the meme coin market alone is valued at $40 billion, outstripping sectors like decentralized finance. The surge in major crypto tokens over the last week has fueled this increase, with meme coins such as MEME and PEPE jumping by 300%. Notably, Ethereum and Bitcoin also saw significant gains, with increases of 12.51% and 24.4%, respectively, over the past week.
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