Benzinga - Memecoins outstripped gains made by market powerhouses yet again, as DOG•GO•TO•THE•MOON and Floki made advances during the day.
What Happened: DOG was the best-performing cryptocurrency in the last 24 hours, with more than 20% gains. The Bitcoin (CRYPTO: BTC)-based coin registered a 127% spike in trading volumes to nearly $82 million.
DOG has more than doubled in value over the past week, moving closer to the coveted $1 billion market capitalization.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:45 p.m. EDT) |
| DOG•GO•TO•THE•MOON (CRYPTO: DOG) | +24.24% | $0.00933 |
| Floki (CRYPTO: FLOKI) | +3.90% | $0.0002662 |
The senior canine coin, FLOKI, also inched higher. The Ethereum (CRYPTO: ETH)-based coin's trading volume surged 160% to $834 million in the last 24 hours, surpassing that of Shiba Inu (CRYTO: SHIB)
Floki was the second-best performer among memecoins, with more than $1 billion in market cap in the last month, with gains of 41%.
Social analytics firm LunarCrush urged people to keep the coin on their radar due to its positive price movement, surging volume, and rising social engagement.
Keep a close eye on $FLOKI as it's showing major strength today…