Illustration by Mitchell Preffer for Decrypt.
Bitcoin is up over the week, having risen over 10% the past seven days. Its price now stands at $69,966, per CoinGecko—still below the nearly $74,000 all-time high it touched earlier this month.
But most of this week’s action has been focused elsewhere: in the world of meme coins and tokens.
Out of the top cryptocurrencies by market cap, one of the biggest winners of the week is Dogecoin. The ninth biggest digital asset is up nearly 45% in seven days and is now priced at $0.208.
It has only been beaten by Bitcoin Cash, the 15th biggest coin, which has shot up in value over the week by over 30% and by over 50% in 30 days.
In the fast-moving meme coin world, other tokens have surged. Most notably, Dogwifhat, which is this week’s best-performing cryptocurrency. The Solana-based token is up nearly 100% over the week and is priced at $4.52 as of writing.
It has been on a tear this week following the rise of major coins and tokens. Usually, when the likes of Bitcoin, Ethereum, and Solana rise, memes can ride on the back of them.
Another major meme, Shiba Inu, has also had a lot of luck this week: the Dogecoin-competitor has jumped over 1o% in value the past seven days, sitting at $0.00003 early Saturday.
Other memes comandeering the spotlight include Solana-based Bonk and Pepe, which are up 23% and 6%, respectively.
Major coins like Ethereum and Solana have also risen in price over the past week—albeit slightly. Ethereum is up by slightly over 4% and is now priced at $3,494.
Solana is up over 12% and is coming in at $196.23.
Edited by Ryan Ozawa.
This news is republished from another source.
