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by BSC News
October 14, 2022
A look at the performance of our top five memecoin projects — Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin.
In the past week, our top five memecoin protocols declined in price -- although there’s been a rally in the past 24 hours. Overall, the dog-themed projects continued innovating in the Decentralized Finance (DeFi) space.
Let's take a look at their progress during the past week as they continue to build in the bear market:
$DOGE remains the number one memecoin by market capitalization. In a bearish week, the token's market cap dropped from $8.6 billion to $7.9 billion.
(Price data from Oct. 5-12 obtained from CoinMarketCap and LunarCrush)
$SHIB’s market cap dropped from $6.3 billion to $5.6 billion. The popular memecoin was hyped up last week after launching its GameFi product, Shib Eternity.
After last week's increase, the $BabyDoge marketcap plummeted from $153 million to $136 million. Its native Decentralized Exchange (DEX), BabyDogeSwap, remains one of the trending topics in the memecoin space. BSC News tried out the product and you can read our article HERE to explore its features.
The market cap of $FLOKI declined to $69 million from $75 million. Floki continued hosting its Valhalla Livestream on Steam to keep users updated with its game.
$SAMO's market cap dropped from $27 million to $24 million during the week. The Solana-based memecoin is working on bringing innovations for its community:
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