- 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.
🚀🐕 #ShibaInu takes Europe by storm! Rising to the 2nd most searched crypto, SHIB eclipses giants like Ethereum & Dogecoin. With a staggering 300% rally in just 8 days, it's a deja vu of 2021's peak! Not just Europe, the Shiba craze is global 🌍, topping search charts from Italy… pic.twitter.com/ODg0g8SPQn
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) March 26, 2024
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.
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.
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.
Dive into the Hunt: Shibarium’s Biggest Marketplace Announces ‘Easter Egg’ Event – Daily Shib https://t.co/sN2TxBJZmF
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 25, 2024
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.
