Meme Coins Skyrocket This Week, Led By the Pepe Token

For the past few years, the crypto industry has been trying to establish itself as a genuine asset class for investors, improving blockchain speed and costs, building utility, and getting crypto ETFs listed for investors. But that progress didn't matter this week as the memes of crypto took over the market.Not only was Dogecoin (CRYPTO: DOGE) up 85% to a $53.3 billion market cap over the past week, but many smaller meme coins followed suit. Pepe (CRYPTO: PEPE) was up 106.8% as of Saturday at 9:00 a.m. ET and now has a $9.3 billion market cap, dogwifhat (CRYPTO: WIF) was up 62% to a $3.8 billion market cap, and Shiba Inu (CRYPTO: SHIB) jumped 28.9% to a $14.7 billion market cap. Can the meme theme last?It sounds wild if you're not in crypto, but these meme coins are a big part of the industry. They indicate the fun and rebellious nature of crypto and have played a big role in the industry's recovery over the past year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool