Dog-themed meme coins Dogecoin, Shiba Inu and Dogwifhat ...
Top three most prominent dog-themed meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Dogwifhat (WIF) extend gains on Monday after surging over the weekend. The rally, which led these coin prices to rise by double-digits in a matter of days, is likely inspired by Bitcoin’s (BTC) new all-time high and speculation that tech billionaire Elon Musk – a prominent supporter of Dogecoin – will play a pivotal role in Donald Trump’s new administration.
On Monday, Dogecoin (DOGE) hit a three-year high of $0.30, marking a 223% year-to-date increase. On Sunday, the leading meme coin surged by almost 27%.
Source: DOGE year-to-date chart
DOGE's value last rose significantly on March 31, reaching $0.22. Analysts link the recent rally to Donald Trump’s election victory, which appears to have reignited interest in the crypto market. Elon Musk, a supporter of Trump and an advocate for Dogecoin, is believed to influence market sentiment with his endorsements.
WIF breaks $3 barrierWIF reached a notable milestone on Monday, trading above $3 for the first time since June. The token is currently valued at approximately $3.08, still about 36% below its all-time high of $4.81, reached on March 31.
Source: WIF 1-day chart
SHIB hits five-month highShiba Inu experienced a notable 40% increase after lead developer Shytoshi Kusama proposed the creation of a strategic crypto hub in the United States on Sunday. Shiba Inu, the second-largest meme cryptocurrency reached a five-month high of $0.0000278.
Source: SHIB 1-day chart
SHIB quickly bounced back, rising 12% in the past 24 hours. SHIB has a market cap of $14.7 billion.
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