On April 20, Doge Day was celebrated, and within 24 hours, Dogecoin, the famous dog-themed meme coin, saw a significant increase in its value as the cryptocurrency market stabilized.

Dogecoin’s Performance:
According to CoinMarketCap, Dogecoin (DOGE) experienced a 6.22% increase in the last 24 hours, with over $1.5 billion worth of DOGE traded during that period. The current price of Dogecoin stands at $0.1615 per token, reflecting a 6.2% rise from a week ago and a 3.6% increase from a month ago. However, it is still down by nearly 19% compared to its value from the previous 14 days.

Shiba Inu’s Success:
Ranked 11th in market capitalization and the second-largest meme coin globally, Shiba Inu (SHIB) also saw a positive trend with its price increasing by over 16% in the last 24 hours. This upward movement follows a recent correction period and was supported by a trading volume of $1.4 billion, making SHIB the eighth most traded cryptocurrency in the market.

Floki’s Growth:
Among the top five meme coins by market cap, Floki (FLOKI) recorded the highest price surge in the past 24 hours. Trading at $0.0001705, FLOKI saw a more than 20% increase, despite having a lower trading volume compared to DOGE and SHIB. The current price of FLOKI is also over 16% higher than a week ago and approximately 454% higher than a year ago. However, FLOKI is still in the negative over the 14 and 30-day periods, being down by nearly 17% and more than 23%, respectively.

Top Performers:
In terms of price performance in the last 24 hours, ERC20 stood out with an impressive 1,231% increase. Other meme coins like Solama, Popcat, and Bonk (BONK) also showed strong performances, with their prices rising by 96%, 48%, and 41%, respectively.

Overall, the cryptocurrency market saw several meme coins experiencing significant gains, showcasing the dynamic nature of this evolving field. As an investor or enthusiast, staying informed about such market movements can help in making informed decisions and potentially capitalizing on emerging trends in the crypto space.

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