BNB
by BSC News
October 6, 2022
A look at the performance of our top five memecoin projects — Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin.
Welcome to our analysis on the top five dog-themed memecoin projects. These protocols continue to make progress across the Decentralized Finance (DeFi) space.
Despite lackluster crypto market conditions, the dog-themed protocols performed well over the past seven days.
Dogecoin maintained its top ranking in market capitalization. The $DOGE token is first in the memecoin ecosystem, with a market cap of $8.7 billion, rising from last week's value of $8.06 billion.
(Price data from Sept. 30 to Oct. 5 obtained from CoinMarketCap and Lunarcrush.)
$SHIB market cap grew slightly from $6.25 billion to $6.29 billion. Shiba Inu continued to improve its ecosystem with utilities to engage users. Its GameFi product, Shib Eternity, generated hype among most Shib enthusiasts in the space.
$BabyDoge is the biggest gainer this week after an impressive run. The memecoin's market cap rose from $137 million to $153 million. The mainnet launch of its native Decentralized Exchange (DEX), BabyDogeSwap, is the highlight of the protocol's bullish week.
$FLOKI's market cap increased from $72 million to $75 million. Like other top memecoin projects with utilities, Floki has been making progress in the industry, particularly with its innovative FlokiFi locker and $FLOKI staking pool on the DODO exchange.
$SAMO's market cap dropped again from $28 million to $27 million. The protocol is still the number one memecoin on Solana by market capitalization.
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