Review of the past week: The 5 cryptos with the most explosive performances!

Shiba

SHIBA

Pepe

PEPE

2024

2024

Dogecoin

DOGE

Shiba Inu

SHIB

Table of contents

The memecoin craze knows no bounds

Artificial intelligence and gaming are doing well

In a crazy week where Bitcoin broke new highs, alternative cryptos also shined. Memecoins Shiba Inu, Pepe and Floki, as well as AI and gaming projects like Fetch.AI and Gala, recorded stunning performances. Decryption of a boiling crypto market.

The memecoin craze knows no bounds

While altcoins feverishly await their moment of glory, the famous “altcoin season”, memecoins seem to have taken a head start. Indeed, this week was marked by exceptional performances for these offbeat cryptocurrencies.

First, Shiba Inu (SHIB), launched as a parody of Dogecoin, experienced a meteoric rise. With an increase of more than 200%, SHIB climbed into the top 10 cryptos in terms of valuation, displaying a capitalization of more than $18 billion.

At the time of writing, its SHIB token is trading at $0.0000317 and trying to wipe out another zero. Despite a slight correction, the crypto still posts an impressive weekly gain of 40%.

Then, newcomer Pepe (PEPE), inspired by the popular Internet meme Pepe the Frog, exploded 527% in just two weeks. Investors are flocking to this green frog which, although less known than Dogecoin or Shiba Inu, has recently dominated in trading volume. Its capitalization doubled in 48 hours, going from 1.5 to more than 3 billion dollars.

For its part, Floki Inu (FLOKI), launched in 2021, stands out for its community governance and its ecosystem going beyond decentralized finance. Its recent token burn event propelled its price to $0.0002336.