Meme Coin Economy Heals when the FTX Fiasco Swelling by $1.4 Billion in 30 Days

By Clark

The meme coin economy has seen its price increase 7.77% against the U.S. dollar throughout the last month, because the acculturation token market leader dogecoin jumped 29.4% higher in thirty days. Dogecoin has conjointly managed to maneuver from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month. Shiba inu, on the other hand, rose from the thirteenth largest market cap to the fourteenth spot.

Meme Tokens Gained Over 7% Against the Dollar Over the Past Month

Amid the craziness with FTX and before the bankruptcy filing, acculturation coins took successful once the crypto economy experienced vital fluctuations in price. On Nov. 9, 2 days before FTX filed for Chapter 11 bankruptcy protection, the acculturation behavior therapy was valued at $18 billion.

Dogecoin (DOGE) suffered an enormous loss that day dropping 16.5% against the U.S. dollar, consistent with AN archive.org photograph of coingecko.com stats on Nov. 9, 2022. The second largest acculturation coin in terms of capitalization size, shiba inu (SHIB), shed 10.8% in price that day.

The third-largest acculturation token (at the time), baby magistrate coin (BABYDOGE), lost 14.2% in price thirty days past on Nov. 9. The acculturation coin economy has done well in recent times, because the entire ton of acculturation token assets listed on coingecko.com is around $19.4 billion on Dec. 9, 2022.

This means that the acculturation coin economy vainglorious by $1.4 billion throughout the past thirty days or recorded a rise of 7.77% against the U.S. dollar. DOGE had a decent month against the buck rising 29.4% in thirty days and 7.8% over the last fortnight.

Between Nov. 9 to Dec. 9, dogecoin’s market valuation hyperbolic from $11.63 billion to $13.30 billion. Shiba Inu’s (SHIB) worth rise throughout the last thirty days was around 5.9% and over the last fortnight, SHIB hyperbolic 0.3%.

Baby magistrate coin is up thirteen over the last month and therefore the current third largest acculturation coin by market cap, dogelon mars (ELON), grew by 40.2%. The worth of the acculturation token  (FLOKI) jumped 30.6% this past month and  inu (KISHU) gained 8.5% therein timeframe.

The list of high 10 acculturation coin economy tokens these days includes dogecoin (DOGE), shiba inu (SHIB), dogelon mars (ELON), baby magistrate coin (BABYDOGE), floki (FLOKI), kishu inu (KISHU), doge killer (LEASH), tamadoge (TAMA), catecoin (CATE), and samoyedcoin (SAMO).