Memecoins on the rise: Dogecoin, Shiba Inu, PEPE, FLOKI – Stake at 888% APY
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Memecoins on the rise: Dogecoin, Shiba Inu, PEPE, FLOKI – Stake at 888% APY
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This Friday (27), memecoins dominated the market when it came to valuations. In the Top 10, for example, the biggest increase was with Dogecoin (DOGE), whose price rose 7.2% – more than double that of second place.
However, DOGE was not by far the biggest gainer of the day in the Top 100, which had four memecoins among the five biggest gains of the day. The one that stood out the most was PEPE, which rose 14.9%, followed by BONK with 13.7%. Names like Shiba Inu (SHIB) and FLOKI, up 12.8% and 12.7% respectively, also registered strong rises.
Another memecoin that also appreciated by double digits was Dogwifhat (WIF), whose price reached US$2.20. Its market value has fully recovered above $2 billion for the first time in seven weeks. But in addition to these memecoins, another one gained prominence offering a high staking yield: Crypto All Stars, which paid values above 880% per year.
WIF flipped key resistance on September 24 after the token rose above $1.96. With this price action, memecoin is gaining bullish momentum at the moment, and traders are now targeting the next resistance at $2.85.
Positive September for memecoins
On the other hand, memecoin’s market value rose 6.8% in the last 24 hours, crossing above US$51 billion and recovering levels prior to the August crash. Data from CoinGecko highlights that WIF remains the fourth largest memecoin in the sector.
Other higher value tokens, such as Dogecoin and Shiba Inu, also saw large increases in their market value and both continue to lead among memecoins. However, Solana-based memecoins dominated the 30-day return, with POPCAT and WIF demonstrating 52.9% and 24.2% monthly return on investment (ROI), respectively.
SHIB had a monthly return of 46% in September – at the time of writing this article – while MOG rose 41%. PEPE also showed a great return, with an increase of 33%
On the other hand, Crypto All Stars is a memecoin that is still in the pre-sale phase and its token has not registered any appreciation. But the project’s main attraction is a staking service open to any memecoin, which gives users the power to stake their coins.
If you have memecoins like FLOKI, DOGE or SHIB, and don’t want to sell them in the short term, you can stake them on the protocol and receive STARS tokens as rewards. The main attraction of the network is payment, as staking already offers an annual return of 888%.
But this condition only applies to those who purchase it in the current pre-sale round, as yield tends to fall over time. If you want to take advantage of your chance, visit the pre-sale website and purchase your tokens right now.
Memecoins on the rise: Dogecoin, Shiba Inu, PEPE, FLOKI – Stake at 888% APY
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Memecoins on the rise: Dogecoin, Shiba Inu, PEPE, FLOKI – Stake at 888% APY
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Memecoins on the rise: Dogecoin, Shiba Inu, PEPE, FLOKI – Stake at 888% APY
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