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#Will NEIROCTO rival WIF? #Will NEIROCTO rival WIF?
Dogecoin , Shiba Inu and Dogwifhat (WIF) to rise by double-digit rates over the past month.
First Neiro on Ethereum (NEIRO), the new memecoin launched on the Ethereum network, has recorded the highest rise, gaining over 3,330 percent in the last 30 days and 63 percent in the past week. NEIRO added 13 percent to its value in the last 24 hours. Popcat (POPCAT) followed with a monthly gain of 137 percent, while Mog Coin (MOG) ranked third with a 102 percent climb in the same period.
While DOGE, SHIB and Pepe (PEPE) also increased by 11.8 percent, 32.8 percent and 38 percent in the monthly period, WIF appreciated by 63 percent. It revealed that the market value of memecoins increased by 34.7 percent in the last four weeks, reaching 48 billion dollars.
Daily trading volume increased 220 percent from $2.7 billion on September 8, reaching a monthly high of $8.6 billion on October 2, before falling to $6.8 billion. The increase in transaction volume between Memecoins indicates that the demand-side pressure experienced in the sector last month has increased.
It reveals that memecoin weekly transaction volume across all networks, including Ethereum, Solana, and Tron, increased by 161.7 percent, from a recent low of approximately $110.5 million in the first week of September to $289.2 million in the week ending October 4.
#CryptoObservers #BTC #GateLive