Top Meme Cryptocurrency You May Want To Add This Week

As the cryptocurrency market continues to expand, more and more meme cryptocurrencies have emerged. While some investors dismiss them as mere jokes, others see the potential in these digital assets.

Timeline of Dogecoin, Dogelon, Floki-inu, Shiba-inu

Tron and Shiba Inu have risen to the forefront of the crypto world for very different news, the former in a shopping mood while the latter grappling with a troubled birth, that of Shibarium.

Shiba Inu Coin News: Shiba Inu, the world's second largest meme coin is facing a downward trend over the past 30 days despite the launch of its early Beta version of Shibarium. However, in the recent development, more than 24 trillion SHIB tokens have been moved from a crypto exchange have left the SHIBArmy confused.

Burning Shiba Inu tokens is one of the SHIB Army's main concerns in order to increase the price of the meme coin. Remarkably, the SHIB burn rate has surged since early March, with one player standing out: the Koyo Token project.

Shiba Inu (SHIB) has been on a bearish run over the past week. The second-largest memecoin has been making unsure movements with the latest accusations, despite a major announcement.

A mysterious Dogecoin (DOGE) whale was on the move over the weekend, relocating tens of millions of dollars worth of the leading meme crypto asset. Blockchain-monitoring service Dogecoin Whale Alert initially spotted the big DOGE transaction.

Floki (CRYPTO: FLOKI) is up 8% in the last 24 hours, beating gains clocked by the top five meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in the last 24 hours. What Happened: The surge in FLOKI's price comes as the meme coin was listed on the crypto exchange Crypto.com.

Despite the recent recovery phase in the crypto market, the major memecoins have shown limited growth in the last two weeks. However, as the external news has not shown much effect on these crypto coins, interested traders can rely on individual price behaviors to determine their potential target in the near future.

Leading blockchain analytics firm IntoTheBlock has reported that Dogecoin (CRYPTO: DOGE) holders are in profit while Shiba Inu (CRYPTO: SHIB) holders are underwater.  Fifty-six percent of Dogecoin holders are profitable from their investment, 34% are sitting on losses, and 10% are breaking even.

Although the pioneering memecoin Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.

Shiba Inu, a popular meme-based cryptocurrency, has recently experienced a remarkable increase in its burn rate. In the past 24 hours, the burn rate has spiked to an astonishing 1,384%, with about 40 million tokens being destroyed.