The cryptocurrency market has appreciable spikes in the last few trading sessions, and as of writing, the market capitalization is at $4.1 trillion with a surge of 4.09% in the past 24 hours, and in the same frame, the memecoins market cap has contributed more than 10% reaching 77.32 billion.
According to the data from CoinMarketCap, the memecoins trading volume grew by more than 43.62% reaching $12.86 billion, which was recorded at $9 billion the day before.
Source: CoinMarketCap
However, in terms of price growth, memecoins like CREPE, DTR, OMALLEY, MOOMMOO, DBC, MAX, MARIE, LBAI, ROCKY, and SHIRO, yet in terms of market capitalization of Dogecoin remained at the top, growing by $1.77 billion in the past 24 reaching $37.27 billion, and in the same frame, the market cap of Shiba Inu surged around $277.53 million, reaching $8.26 billion.
Memecoins traders leveraging highs, booking profits
Dogecoin has reached $0.2476 with an increase of 11.73% intraday, and its trading volume marked an uptick of 73.16% reaching $4.11 billion.
According to the data from CoinGlass over the past 24 hours, the total liquidation in DOGE has reached $24.71 million, with $14.22 million and $10.49 million in shorts, and the largest single liquidation order took place on Binance DOGE/USDT value $9.82 million.
Source: CoinGlass
However, in the weekly time frame, Dogecoin price grew more than 23% and is exchanging hands above all crucial EMAs, including 20-day, 50-day, 100-day, and 200-day, and if it continues to follow a bullish path, it could test $0.3000, followed by $0.3800.
Fartcoin has reached $1.10 with a massive 30.96% and in a week, its price is up by more than 20%, yet in the past 24 hours, its market capitalization marked an uptick of 31% reaching $1.1 billion, and trading volume marked a spike of 133%.
Source: CoinGlass
Following the massive surge in prices, Fartcoin liquidation grew to $12.3 million with $7.34 million in longs and $4.97 million in shorts, yet in the past 24 hours that short liquidation was $2.36 million with only $928.37k in longs.
Shiba Inu has reached $0.00001396 with a surge of 8.91% and has recorded a growth of 15% in a week. The short liquidation in SHIB in the past 24 hours was $111.62k, and around $126.446k in longs were liquidated.
Bonk saw $183.49k in short liquidation in the past 24 hours, yet only $29.93k in longs were liquidated. At the same time, its prices marked a growth of roughly 13% reaching $0.00002694.
Source: CoinGlass
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