Shiba Inu Takes Backseat As Dogecoin, Pepe Record Surge In Volume

The meme coin market was painted green. Most prominent assets like Dogecoin [DOGE], Pepe Coin [PEPE], Shiba Inu [SHIB], and dogwifhat [WIF] were all pocketing gains over the last 24 hours. WIF was seen topping the charts with a 6% daily rise. Shiba Inu wasn’t too far. At press time, the asset was trading at $0.00001682 with a 3% surge over the last 24 hours. Despite this notable increase, the most popular meme coin was seen lagging in terms of daily volume. Recent data reveals that Shiba Inu’s 24-hour volume fell 17.73% to $256,579,856 in the last 24 hours.

Among the top four largest memecoins by market cap, Dogecoin had the second-highest daily volume despite its significant market cap. With a daily volume of $823,665,164, DOGE has experienced a decrease of 10.87% in the last day. At press time, Dogecoin was trading at $0.13 with a daily rise of 4.41%.

In addition, Dogwifhat, which commands a daily volume of $451,499,845, a 24-hour fall of 9.4%, is in close second place in the ranking to Dogecoin.

With $897,092,296 in 24-hour trading volume, Pepe took over Dogecoin and topped the meme coin category of trading volume. PEPE recorded the most trading volume over the last day, although the data indicates that its volume has decreased by 19.98%. The meme coin was priced at $0.00001185, during the time of writing.

Also Read: Forget SIP & Mutual Funds, Can Shiba Inu Get You 1 Crore in 5 Years?

Which Meme Coin Is the Best to Buy Right Now?

Santiment urged cryptocurrency investors to keep a close eye out for extremely cheap altcoins to make the most of the next alt season. According to Santiment, altcoins with a track record of causing investors great suffering may provide the highest profits. This includes assets like Polygon, XRP, Cardano, Chainlink, and Uniswap. But the one that stood out for the meme coin market was Shiba Inu.

Also Read: Shiba Inu Weekend Price Prediction: Is SHIB Claiming A New ATH?