The biggest dog coins are enjoying a huge rally this Sunday, posting double digit gains
Crypto’s top dogs are out to play.
According to data provided by CoinMarketCap, the price of Shiba Inu (SHIB) is up almost 30% in the last 24 hours. It is now ranked 12th in terms of market capitalization, leaving behind Avalanche (AVAX) and Polygon (MATIC). The cryptocurrency is up more than 34% in just one week.
Dogecoin, the original meme coin, has managed to break back into the CoinMarketCap top 10 after a double-digit price increase.
As reported by U.Today, the two meme coins also experienced a significant increase in trading volume.
Before retail investors dived into Dogecoin, they began buying the meme stocks of the likes of GameStop in early 2021 due to their growing popularity on r/wallstreetbets and other popular forums.
With Bed Bath & Beyond’s stock soaring this week, it’s safe to say that the meme stock craze is now making a much-anticipated comeback.Still, it’s too early to talk about another canine coin craze, despite the impressive gains recorded by the two “top dogs” at the end of the week.
Dogecoin and Shiba Inu are still down 89% and 81% respectively from their record peaks.