Doge and Memecoins to the Moon? The Sector is Worth More Than Entire Countries

Boom in the Meme Coin Sector: DOGE, SHIB, and PEPE Propel the Market with Over $20 Billion Growth in the Last Week

Crypto Rally: Meme Coins Shine with Impressive Performances
It’s been a recovery week for the crypto market, led by Bitcoin's 10% weekly rise, recovering losses from the previous week. Follow us on Telegram for real-time analysis!

Optimism is returning to the market, alternating almost seamlessly with waves of fear. Among the various crypto asset classes, MemeCoins are once again standing out with noteworthy performances.

An irrational and purely speculative category—this is undoubtedly true—yet it has grown so much that it’s become mainstream in the market. Among the top performers in nominal value is, of course, DOGE: with a 25% weekly gain and a price of $0.41, its market capitalization has once again surpassed $60 billion, growing by nearly $15 billion.

SHIB, PEPE, and BONK follow closely, each with a 15% weekly increase, adding nearly $5 billion to the sector’s overall market cap.

A Sector Worth More Than the GDP of Many Countries
Although dominated by speculation, the market value of the Memecoin niche cannot be overlooked.

In fact, with a weekly growth exceeding $20 billion, the appreciation of major Memecoins surpasses the nominal GDP of countries like Armenia, Mongolia, and Madagascar. With current valuations, the entire sector’s market value exceeds $125 billion, a figure that also surpasses the GDP of Morocco, Hungary, and Slovakia.

In comparison with Italian companies, the total value of the Memecoin market is almost equal to the combined market capitalization of Italy’s two largest banks: Intesa Sanpaolo and Unicredit.

What do you think? Still sounds absurd, but it’s the truth.
Report by Gue22 🌐🚀