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Memecoin Market Watch: Dogecoin Skyrockets 9%, Shiba Inu Up 5%

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The two largest memecoins by market cap have taken the main stage today.

With the declining trading volumes during the weekend, bitcoin has stalled but remained north of $28,000.

Most larger-cap altcoins are in a similar position, aside from Dogecoin and Shiba Inu. HBAR is also well in the green.from over $28,000 to $26,500 in hours on Monday when the US CFTC went after Binance. However, that was just the start of the rollercoaster week that drove BTC to over $29,000 just a few days later.

Nevertheless, the bears intercepted this move as well and pushed the cryptocurrency south, resulting in a price slip beneath $27,600 by Friday. As Saturday approached, bitcoinThe past 24 hours have been predominantly calm, with BTC sitting in a tight range between $28,400 and $28,600. Naturally, this means that its market capitalization has remained relatively still at just under $550 billion. Its dominance over the altcoins is also essentially at the same spot as yesterday – 46.3%.

 

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