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HomeNewsShiba Inu, PEPE, DOGE and More Soar in a $200 Billion Memecoins...

Shiba Inu, PEPE, DOGE and More Soar in a $200 Billion Memecoins Bullish Spree

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  • Shiba Inu, DogWifHat, Pepe and Bonk lead an impressive increase in valuation, thanks to the rising Bitcoin price.
  • Marketing initiatives for Shiba Inu, including special events within Shibarium that incentivize the acquisition of NFTs in exchange for DAMN tokens

Memecoins are gaining attention thanks to an impressive spike in valuation, with Shiba Inu (SHIB), DogWifHat (WIF), Pepe (PEPE) and Bonk (BONK) at the forefront of this phenomenon.

These tokens, rooted in internet culture and loaded with humor, are experiencing moments of significant appreciation in their prices, benefiting from the ripple effect generated by the recent increase in the price of Bitcoin.

Particularly notable has been the trajectory of DogWifHat (WIF), which in the last month has seen its value skyrocket, sparking speculation about its potential to reach new highs.

WIF_1M_graph_coinmarketcap
Source: Coinmarketcao

This token, with the image of a dog in a hat, has achieved spectacular growth, rapidly rising in the ranking of cryptocurrencies by market capitalization.

Related: Researching the investment potential of BOME, PEPE and WIF

PEPE and BONK are not far behind, also showing impressive gains in the past month. These increases highlight the renewed interest in memecoins and how specific events, such as being listed on new exchanges or launching promotional campaigns, can positively influence their price.

pepe-bonk-chart
Source: Coinmarketcap

Ragnar Shib, has highlighted a remarkable increase in the number of addresses storing SHIB, reporting a 266% increase in less than twelve months.

You can also read: PEPE and Dogwifhat Signal Bullish Trend: Memecoins Hit Record Highs – What’s Next?

On another front, LUCIE, in charge of marketing for Shiba Inu, has focused efforts on promoting a special event within Shibarium, supported by Mantra Protocol.

This event allows users to purchase NFTs in exchange for a DAMN token, seeking to boost interaction within the platform and with various NFT collections.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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