Shiba

MAGA VP

Super Trump Coin

Shiba Inu

Donald Trump

<p class="is-style-lead">Meme coin mania has swept the cryptocurrency market, captivating investors with its blend of humor, speculation, and unexpected gains.</p> 
<p>At the time of writing, the sector boasted a market capitalization of more than $66 billion and a 24-hour trading volume of $5.3 billion.&nbsp;</p> 
<p>Looking at data from crypto price tracking website CoinGecko, the <a href="https://crypto.news/tag/memecoin/" target="_blank" rel="">meme</a> sector’s market cap is markedly higher than that of other popular crypto narratives such as AI, DePIN, and layer-2.&nbsp;</p> 
<p>Let’s look into the recent trends and forecasts for some of the most talked-about meme coins: </p> 
<ul> 
 <li>Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" rel="">DOGE</a>)</li> 
 <li>Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" target="_blank" rel="">SHIB</a>)</li> 
 <li>Pepe (<a href="https://crypto.news/price/pepe/" target="_blank" rel="">PEPE</a>)</li> 
 <li>The politically-charged Super Trump (STRUMP)</li> 
</ul> 
<h2 class="wp-block-heading" id="strong-dogecoin-a-sleeping-giant-strong"><strong>Dogecoin: a sleeping giant?</strong></h2> 
<p>Ranked ninth in the broader crypto market and first among meme coins in terms of market cap, Dogecoin has been on a roll lately.</p> 
<p>Data reveals that 84% of its holders were in profit as May came to an end. This positive sentiment underscored the strong upward momentum the meme coin had experienced over the past month.</p> 
<p>Dogecoin also recently overtook Cardano (<a href="https://crypto.news/price/cardano/" target="_blank" rel="">ADA</a>) to break into the top 10 cryptocurrencies by market cap. It now ranks as the sixth most valuable non-stablecoin on the market.</p> 
<p>Currently, Dogecoin is priced at $0.159. Although it saw a dip of 1.3% in the last 24 hours, it has surged by 20.8% over the past month, according to CoinGecko.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd7OumYnwATe8YcbrWwvLTdrSz7TZ7eqLZM7H3Vvs7Et5sxkNBB9GFqd1svRv3sxSIzDk-Cfq1xLs4tWNtem1WJc8_VKKxyBZs5PR8IWdTcCp2iMxFlFrM0v8bu1m7lfl5sV3Kjnk_F8JezTB_xGoqZYafb?key=s0OXu3ugNN3WNbKbg7eYHA" alt="Meme coin mania: tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more - 20">
 <figcaption class="wp-element-caption">
  Dogecoin 24-hour price chart | Source: CoinGecko
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</figure> 
<p>If its trading volume stays steady, the coin could continue its positive trajectory into next week, reflecting growing investor confidence and the potential for further gains.</p> 
<p>Technical <a href="https://www.tradingview.com/symbols/DOGEUSD/technicals/" target="_blank" rel="">indicators</a> for DOGE also point to a bullish trend. The cryptocurrency is trading above its 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA), suggesting a strong and sustained uptrend.</p> 
<p>Crypto market watchers have also noted that if Dogecoin can maintain its current momentum and stay above key technical levels, its price could rise further. However, they also advise caution due to the inherent volatility in the cryptocurrency market.</p> 
<p>Analyst and trader Ali Martinez has forecasted a significant price increase for the meme coin, noting that the market sentiment is eerily similar to earlier in the year, right before DOGE skyrocketed by 200%.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Market sentiment for <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Dogecoin</a> is as bearish as it was in early February, just before <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#DOGE</a> skyrocketed by 200%! <a href="https://t.co/dxbnb5jECQ" target="_blank" rel="">pic.twitter.com/dxbnb5jECQ</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1796570331118744010?ref_src=twsrc%5Etfw" target="_blank" rel="">May 31, 2024</a>
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<h2 class="wp-block-heading" id="strong-shiba-inu-meme-coin-outperforms-bitcoin-strong"><strong>Shiba Inu: Meme coin outperforms Bitcoin</strong></h2> 
<p>Another meme coin that has been motoring steadily in the market is Shiba Inu. </p> 
<p>Ranked second among meme coins in terms of market cap, Shiba Inu has been a standout performer in 2024, even outpacing Bitcoin at one point with a staggering 136% rise compared to Bitcoin’s 69%.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Memecoins have risen even more in the past week, effectively siphoning money from BTC.<br><br>What do you think, is this a positive or negative sign for cryptocurrencies?<br><br>Charts: <a href="https://twitter.com/DominandoCripto?ref_src=twsrc%5Etfw" target="_blank" rel="">@DominandoCripto</a> <a href="https://t.co/zx2sK7mkB8" target="_blank" rel="">pic.twitter.com/zx2sK7mkB8</a></p>— Joao Wedson (@joao_wedson) <a href="https://twitter.com/joao_wedson/status/1794727056640770552?ref_src=twsrc%5Etfw" target="_blank" rel="">May 26, 2024</a>
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<p>SHIB started trading below $0.000025 last week, fluctuating between $0.000025 and $0.000027. </p> 
<p>Toward the end of the week, the price of Shiba Inu surged to nearly $0.00003, propelling it into the top 10 cryptocurrencies by market cap.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfo6DMFILr1TTsXls0v4r-nKD1kAAQyMuiTYFhu5ZcYV_9VEbxrC1qsNd15arDeqZf-18vr_HlugISs41pBG8t1F2phuWRSsKRXjIP4ie55LVmeIvjIzlD3dOCCoPimwdYIbI-FnumrP00wFVgqoXv0Q4YT?key=s0OXu3ugNN3WNbKbg7eYHA" alt="Meme coin mania: tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more - 21">
 <figcaption class="wp-element-caption">
  Shiba Inu 7-day price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p>To further compound its status, SHIB closed out the month of May by securing the second spot on Robinhood’s list of top weekly gainers.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ThisWeekInCrypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#ThisWeekInCrypto</a> and our full list of crypto available at: <a href="https://t.co/B41xoSGKG8" target="_blank" rel="">https://t.co/B41xoSGKG8</a><br><br>See you in June. <a href="https://t.co/4eX3Z2Lx3K" target="_blank" rel="">pic.twitter.com/4eX3Z2Lx3K</a></p>— Robinhood (@RobinhoodApp) <a href="https://twitter.com/RobinhoodApp/status/1796591129540034958?ref_src=twsrc%5Etfw" target="_blank" rel="">May 31, 2024</a>
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<p>At the time of writing, SHIB was trading at $0.00002498, a slight 1.4% dip over 24 hours.</p> 
<p> You might also like: <a href="https://crypto.news/nft-market-slumps-7-percent-ethereum-leads-decline/" rel=""> NFT market slumps over 7%: Ethereum leads, Polygon shines with 27% surge </a> </p> 
<h2 class="wp-block-heading" id="strong-pepe-relentless-in-pursuit-strong"><strong>Pepe: relentless in pursuit</strong></h2> 
<p>Further reinforcing the meme coin narrative, Pepe (<a href="https://crypto.news/price/pepe/" target="_blank" rel="">PEPE</a>) has recently registered remarkable performance, with a $6.26 billion market cap and an $846 million 24-hour trading volume. </p> 
<p>The coin’s rise in the past month, where it added over $3 billion to its market cap, positioned it as a serious contender for Shiba Inu’s spot.&nbsp;</p> 
<p>Despite a 4.3% dip in the last day, Pepe’s gains over different periods have been impressive. </p> 
<p>According to CoinGecko, in the previous 14 days, the meme coin’s price went up by 64.5%, while the gains were even bigger across 30 days at 87.5%.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeZfL7J_Dxlu9th4Ucz8-88tc12FiP0PtxRni_X3rlzquRMv6EcBxkmAb3yfDh8KpK6WtCUjFiafAHlb53g7BDsfNy6l8Wsmxkl1uTzUxP2HISA6kwhWokkrajm_eQt9HU1DQET3XwvHFlg8ZnuBPWNvC4?key=s0OXu3ugNN3WNbKbg7eYHA" alt="Meme coin mania: tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more - 22">
 <figcaption class="wp-element-caption">
  Pepe 30-day price chart | Source: CoinGecko
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<p>Analysts like prominent trader Altcoin Sherpa remain bullish on Pepe. He suggested the meme coin holds long-term potential and could see significant gains in the coming months.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$PEPE</a> both of these probably pullback in the short term but I'm still of the belief that they will both be much higher in the coming months. I have both <a href="https://t.co/cAFwlZBgw8" target="_blank" rel="">pic.twitter.com/cAFwlZBgw8</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1796601897643802969?ref_src=twsrc%5Etfw" target="_blank" rel="">May 31, 2024</a>
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<h2 class="wp-block-heading" id="strong-super-trump-political-drama-and-market-performance-strong"><strong>Super Trump: political drama and market performance</strong></h2> 
<p>Elsewhere, several Trump-themed meme coins have seen a surge in interest following the recent <a href="https://manhattanda.org/d-a-bragg-announces-34-count-felony-trial-conviction-of-donald-j-trump/" target="_blank" rel="">conviction</a> of ex-President <a href="https://crypto.news/tag/donald-trump/" target="_blank" rel="">Donald Trump</a> for falsifying business records.&nbsp;&nbsp;</p> 
<p>The political drama has pushed the price of Super Trump by as much as 58% in the last 24 hours. It became the third-highest price gainer in the meme sector in that period.</p> 
<p>Currently trading at $0.0255, STRUMP has shown impressive gains, with a 493.8% increase over the previous fortnight and a 616.4% jump across 30 days.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcO04saJWDrIF5SDT8BlH-JOlXZ-fZjw_xVFlxMMa6aahEMTQmd98XWjrc9Vz_24L80c0JZWtgdEMXIW_Ey9HiXIozB31hepAYdhNJZsmETldfEU8SbRNjaMuHhI-M_DsqvWHNfg6EFFnVDvVN_a_gN4H8?key=s0OXu3ugNN3WNbKbg7eYHA" alt="Meme coin mania: tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more - 23">
 <figcaption class="wp-element-caption">
  Super Trump 24-hour price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p>Another meme coin associated with Trump is MAGA VP (MVP). The token made modest gains in the last day, registering a 5.1% uptick.&nbsp;</p> 
<p>Others coins like MAGA (TRUMP), MAGA Hat (MAGA), and MAGA Pepe (MAGAPEPE), all saw their prices dip over 24 hours. </p> 
<p>TRUMP lost nearly 5% of its value, while MAGA Hat dropped a miniscule 0.47%. MAGAPEPE, on its part, suffered far greater losses, with its price currently down 27.33%.&nbsp;</p> 
<p>Amidst the ups and downs, Trump became the first American president to accept Bitcoin Lightning Network payments for campaign donations. </p> 
<p>The Trump campaign is teaming up with OpenNode to make it possible for supporters to donate to his 2024 presidential campaign using Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>).</p> 
<p> Read more: <a href="https://crypto.news/vc-roundup-felix-pagos-15-5m-for-whatsapp-remittances-fortunafis-9-5m-for-asset-tokenization-and-more-big-wins/" rel=""> VC roundup: Félix Pago’s $15.5m for WhatsApp remittances, Fortunafi’s $9.5m for asset tokenization, and more big wins </a> </p>

Meme coin mania: tracking the surge of Dogecoin, Shiba Inu, Trump tokens and more

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