SHIB and FLOKI surpassed major coins!

With their sensational rise, SHIB and FLOKI left behind many major altcoins that attracted great interest from crypto investors.

The cryptocurrency market is progressing with bullish appetite. However, lately, memecoins with cat and dog symbols have come to the fore rather than major altcoins.

In the last 24 hours, where layer-2 projects, modular blockchains and decentralized finance platforms have not achieved much growth, memecoins have taken off like a storm.

FLOKI, one of the leading names of Memecoins, has increased by 139 percent in the last 24 hours. SHIB, on the other hand, increased by 75 percent in the last 24 hours.

This time SHIB and FLOKI investors won!

There has been a surprising rise these days as crypto investors chase layer-2, modular blockchain, decentralized finance and various projects. While FLOKI came to the top with the Memecoin bull, SHIB made a great progress.

Cryptocurrencies with cat and dog symbols took over the top due to the Memecoin bull. DOGE, the largest memecoin in terms of market value, maintained its leadership by making a significant rise. In this memecoin bull, all eyes turned to FLOKI and SHIB. Because popular memecoins have left behind popular names with a project behind them.

SHIB has left many elite projects behind with its 75 percent rise in the last 24 hours. The popular memecoin, which ranked 11th in the rankings by market value, surpassed the following projects:

• Chainlink (LINK), an Oracle project
• Tron (TRX), the network actively used by Tether
• Polkadot (DOT), seen as the next generation blockchain
• Leading layer-2 project Polygon (MATIC)

FLOKI, on the other hand, rose by 139 percent in the last 24 hours and ranked 83rd in terms of market value. FLOKI has surpassed the most popular projects of recent times. Floki surpassed the following coins in the market value ranking:

• Oracle Project Pyth Network (PYTH)
• Worldcoin (WLD), the leading name of the artificial intelligence bull
• Artificial intelligence initiative SingularityNET (AGIX)
• Decentralized exchange dYdX (DYDX)
• Modular blockchain Dymension (DYM)

This picture revealed the volatile reality of the bull market. Memecoins, issued with a focus on entertainment and community, have overtaken crypto projects that aim to improve the blockchain or offer many different services.

While it is a matter of curiosity whether the rise on SHIB and FLOKI will continue, it should not be forgotten that the market is overinflated and the possibility of correction.