{"id":30620,"date":"2024-03-25T00:26:11","date_gmt":"2024-03-25T00:26:11","guid":{"rendered":"http:\/\/icoinmarket.com\/its-not-shib-or-doge\/"},"modified":"2024-03-25T00:26:11","modified_gmt":"2024-03-25T00:26:11","slug":"its-not-shib-or-doge","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/its-not-shib-or-doge\/","title":{"rendered":"It’s Not SHIB or DOGE"},"content":{"rendered":"


\n<\/p>\n

\n

TL;DR<\/p>\n

The meme coin sector has witnessed a significant boom, with certain assets being highly popular on social media platforms.
\nWhile early traders in the ecosystem have seen considerable profits, particularly with tokens like SHIB and WIF, investors are cautioned about the potential for severe losses due to the niche\u2019s notorious volatility.<\/p>\n

<\/span><\/p>\n

The meme coin sector has been booming in the past several weeks, with numerous assets experiencing triple-digit price increases and capturing investors\u2019 attention.<\/p>\n

Those types of assets have also been highly popular, becoming the subject of heated discussions on social media platforms.<\/span><\/p>\n

According to\u00a0<\/span>DrobsTap<\/span>, the meme coin with the highest performance on X (formerly known as Twitter) is not Dogecoin (DOGE) or Shiba Inu (SHIB) but Memecoin (MEME). The asset leading the ranking saw the light of day at the end of last year and recently crossed the $500 million mark in terms of market capitalization.<\/span><\/p>\n

Second place belongs to the frog-themed Pepe Coin (PEPE), which has made headlines multiple times in the past months due to its rapid price appreciation and endorsements from industry participants.\u00a0<\/span><\/p>\n

DOGE \u2013 the leading meme coin by market cap \u2013 is third, while its largest rival \u2013 SHIB \u2013 sits at the seventh position.\u00a0<\/span><\/p>\n

ConstitutionDAO (PEOPLE), Turbo (TURBO), Doge Killer (LEASH), and the Solana-based \u2013 dogwifhat (WIF) and Bonk Inu (BONK) are also among the 10th most discussed memes on X.<\/span><\/p>\n

As\u00a0<\/span>CryptoPotato<\/span>\u00a0<\/span>reported<\/span>\u00a0over the last few weeks, savvy traders who had entered the ecosystem in its early days cheered the price rally of some of the aforementioned tokens, such as SHIB and WIF, as it brought them impressive profits (at least on paper).<\/span><\/p>\n

However, investors should also keep in mind that dealing with the cohort could lead to devastating losses due to its infamous volatility. If you are about to jump on the bandwagon, please check our video to avoid some common mistakes:<\/span><\/p>\n<\/p>\n

\n
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