The “meme” coin phenomenon has struck a chord with investors and drawn significant attention in recent weeks, alongside traditional equities. In the past few days, investors in these “meme coins” have witnessed astounding returns of up to 56% in just a day, and much higher trading volumes compared to other leading coins in the space.
The two main coins that have dominated the meme scene in the past couple of days are Dogecoin (DOGE) and its competitor, Shiba Inu (SHIB). Dogecoin has seen amazing returns recently, going up almost 50% in one day, and most recently it has seen a price pump of 56% on May 10th. Shiba Inu also saw its trading volume increase significantly on the same day, beating other top meme coins such as Pepe and Bitcoin Pizza (BTP).
Overall, the meme coin phenomenon is gaining in popularity, and investors in these coins are reaping huge rewards. For those who are looking to invest in meme coins, Dogecoin and Shiba Inu remain two of the most popular options currently.