A look at the weekly performance of our top five memecoin projects — Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin.
Weekly Memecoin Update
It was another difficult week for our top memecoin protocols. Most dog-themed projects dropped in price in the past seven days.
Despite the bear market, these projects continue to improve their utilities in the Decentralized Finance (DeFi) space.
Let’s give a recap of how they fared in the past week:
$DOGE continues its run as the number one memecoin by market capitalization, although the token’s market cap dropped from $7.9 billion to $7.8 billion.
$DOGE fell by 0.07% in the past seven days. As of writing, the token was trading at $0.05953 with a 24-hour decrease of 0.62%.
$DOGE’s latest utility remains its acceptance as a payment option by billionaire supporter Elon Musk. Users can purchase the Tesla CEO’s Burnt Hair perfume with $DOGE.
In the meantime, $DOGE is preparing to celebrate its ninth anniversary in December.
Also, the Dogecoin Hackathon event is drawing near. The maiden event will kickstart on Nov. 15 in Australia.
Shiba Inu ($SHIB)
$SHIB‘s market cap dropped from $5.6 billion to $5.4 billion. But the memecoin project added a new utility to its growing ecosystem:
$SHIB dropped by 0.11% last week. The popular memecoin token is also down by 1.48% in the previous 24 hours, trading at $0.00000996.
On Oct. 15, Shiba Inu partnered with Coinbase to accept crypto payments for Google Cloud services.
The number one search engine will start accepting crypto payments for its services, and $SHIB will be one of the accepted tokens.
Baby Doge Coin ($BabyDoge)
$BabyDoge’s market cap dropped from $136 million to $134 million. The protocol aims to reach new milestones with its Baby Doge Swap DEX:
$BabyDoge fell by 0.97% in the past week. The token is currently valued at $0.000000001181 and is down by 0.58% in the previous 24 hours.
BabyDogeSwap broke the the $20 million mark in Total Value Locked (TVL) on Oct. 14. Additionally, the DEX continued adding new farms for users to earn rewards.
On Oct. 18, the DEX was listed on the Coingecko terminal. Users can now view the analytics of all available BabyDogeSwap pools.
BabyDoge celebrated its new listing on Onus Exchange. Fans of the memecoin can now purchase $BabyDoge on the platform.
The market cap of $FLOKI dropped to $63 million from $69 million. Floki’s Valhalla Livestream continued along with its major push to list on Binance:
The price of $FLOKI over the last seven days dropped by 6.18%. As of writing, $FLOKI is trading at $0.000006793 and is down by 0.24% in the last 24 hours.
Floki’s petition to list on Binance is nearing 35,000 signatures. The memecoin celebrated 29,000 signatures on Oct. 17. Details on how to sign are in the tweet below:
Here is the protocol’s latest Valhalla Livestream:
$SAMO‘s market cap dropped from $24 million to $22 million. The Solana-based memecoin is preparing for the Solana Breakpoint event in Lisbon on Nov. 5:
The price $SAMO increased by 0.51% from last week’s value. The token is, however, down by 3.82% in the past day, valued at $0.006294.
With Halloween around the corner, Samoyedcoin is hosting a meme contest for the community. See the tweet below for more details:
Additionally, the memecoin is giving out five free “Samo Is Coming” shirts to users who may not be able to attend the Solana Breakpoint event in Lisbon.
Based on popular demand, Samo sticker pack is available on the Aten store for 5 USDC
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.