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After drifting for two weeks and stabilizing, crypto-assets regained their value by the conclusion of this week. While specific tokens such as decentralized finance (defi) coins, metaverse tokens, and smart contract coins saw significant gains over the last seven days, the meme-token economy saw significant gains as well, with several meme coins such as dogecoin, Shiba inu, and dogelon mars seeing significant gains.

This Week, Meme Coins Have Increased in Value — Shiba Fantom and Luni Lead the Pack

On December 5, the meme token economy was down more than 12% and hovered just around the $47 billion mark 21 days ago. The meme-based crypto economy is now valued at $54.1 billion, up 14.61 percent from the previous day. Eight of the top ten meme-based crypto assets have had seven-day advances today. Dogecoin (DOGE), the most popular meme-based cryptocurrency, increased by 9.6% last week, while Shiba inu (SHIB) increased by 21%.

Meme Token Economy Climbs 14% in 2 Weeks — DOGE, SHIB Command 83% Dominance
Meme-coin economy via Coingecko.com on December 26, 2021.

Spell token (31.5%), dogelon mars (51.7%), baby dogecoin (41.1%), cate coin (22%), and dogebonk are among the top 10 meme-based assets that recorded increases last week (27.5 percent ). Shiba fantom (193.5 percent), luni (189 percent), fantom doge (67.2 percent), and Kawakami were the greatest meme coin gainers this week (57.5 percent ). Conversely, Smugdoge (-54.4 percent), shibavax (-42.1 percent), and iotxshiba are among the greatest losses in the realm of meme-based currencies (-36.4 percent ).

Dozens of references to ‘Dog,’ ‘Shiba,’ ‘Doge,’ and ‘Shib’ in Meme Coin Names

Luni, Shiba Fantom, and Cake Monster are today’s 24-hour meme coin gainers. Dogecoin and Shiba inu account for most of the meme-coin aggregate value of all tokens, which was $54.1 billion on Sunday, December 26. Dogecoin has a market valuation of $25 billion, whereas Shiba Inu has a market capitalization of $20 billion.

On Sunday morning, that’s around 83.17 percent of the total meme-coin economy’s worth (EST). Today, the total domination of the meme coin economy is around 2.17 percent of the $2.49 trillion worth of all cryptocurrencies in existence.

Aside from the popular meme currencies like SHIB and DOGE that people speak about regularly, there are a plethora more coins with similar names. The phrase “doge” appears in the names of 24 meme currencies in the meme token market economy, as documented by coingecko.com on December 26, and 29 tokens. The terms “Shiba,” “shib,” and “inu” appear in the names of 19 meme coins, 25 meme coins, and 12 meme coins, respectively.

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