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Not Shiba Inu, Dogecoin — But Elon Musk's Favorite Meme Coin 'Knockoff' Rallies 95% In 7 days

Published 06/02/2023, 13:29
Updated 06/02/2023, 14:40
© Reuters Not Shiba Inu, Dogecoin — But Elon Musk's Favorite Meme Coin 'Knockoff' Rallies 95% In 7 days

© Reuters Not Shiba Inu, Dogecoin — But Elon Musk's Favorite Meme Coin 'Knockoff' Rallies 95% In 7 days

Benzinga - Baby Doge coin (CRYPTO: BABYDOGE) rallied over 95% in the last seven days, beating top five meme coins by market capitalization.

Cryptocurrency Gains (+/-) Price (12p.m. EST)
Baby Doge +95% $0.000000002894
Bone ShibaSwap +36% $1.82
Shiba Inu +21.45% $0.00001449
Dogelon Mars +21.56% $0.000000414
Dogecoin +5.10% $0.092

What Happened: At the time of writing, BABYDOGE was trading at $0.000000002894.

The rise in BABYDOGE came after its Decentralized Exchange (DEX) reached an all-time high in Total Value Locked (TVL), topping $50 million, according to DefiLlama. Earlier last week, the team behind the meme coin burned 682 trillion BABYDOGE worth an estimated $1 million.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

The second on the list is Bone ShibaSwap (CRYPTO: BONE), up 36%. The rally in BONE is because of the Shiba Inu Army calling for the listing of the governance token of the decentralized exchange ShibaSwap, BONE, on cryptocurrency exchange Binance.

The third on the list is Shiba Inu (CRYPTO: SHIB) gaining 21.45% in the last seven days. SHIB has been rising ever since the developer announced the much anticipated layer-2 solution Shibarium.

Dogelon Mars (CRYPTO: ELON) rose 21.56% trading at $0.0000004119. Last on the list is Dogecoin (CRYPTO: DOGE), up 5.10% in the last seven days, trading at $ $0.092.

Read Next: Bitcoin, Ethereum, Dogecoin Slump As Post-Fed Rally Fades: Analyst Says Breaching $25K Looks Difficult For Apex Coin

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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