New meme coin outperforms Dogecoin and Shiba Inu, backed by trend-driven strategy and marketing. Dogecoin and Shiba Inu are struggling to maintain hype without innovation as competition intensifies.
The current uptrend in the cryptocurrency market is pushing memecoins higher, with notable stocks soaring in value.
As of CoinGecko’s latest update, the meme coin market capitalization reached $55.4 billion, registering an increase of 9.4% in the past 24 hours.
trending meme coins
Among the standout gainers, dog-themed meme coin NEIRO soared 46.9%, making it one of the day’s trending assets.
Source: CoinMarketCap
Similarly, Dogwifhat (WIF) and Popact (POPCAT) also rose over 19%, highlighting the strength of meme coins in this bullish environment.
That said, while new meme coins are surging, OGs Dogecoin (DOGE) and Shiba Inu (SHIB) have shown more modest growth, with 24-hour increases of just 4.6% and 6.9%, respectively. It remained at %.
Looking at the weekly performance, the contrast becomes even clearer, with NEIRO leading the way with an increase of 39.7%, while WIF and POPCAT showed impressive increases of 9.3% and 53.1%.
Source: CoinGecko/X
Meanwhile, DOGE and SHIB have faced setbacks, down 6.8% and 0.6% over the past week, indicating a shift in market enthusiasm for emerging players in the meme coin space.
This trend highlights the growing dominance of new meme coins and raises the critical question: Are we witnessing the decline of original meme giants like Dogecoin and Shiba Inu? is causing.
Are OG meme coins dying out?
Going back in time, since their initial explosive rise, Dogecoin and Shiba Inu have struggled to revive the same level of hype that once defined their success.
Both maintain engaged communities but face hurdles in maintaining momentum.
It has lost the novelty that once fueled its appeal, and without innovative updates and new applications, it struggles to gain widespread attention.
Meanwhile, the crypto market is increasingly favoring new meme coins, driven primarily by social media trends rather than their intrinsic value.
This was also the reason why celebrity memcoins made headlines for several months in 2024.
What’s behind this change?
Therefore, with limited new services and value propositions, Dogecoin and Shiba Inu remain popular but are unable to achieve the viral impact needed for a full comeback.
Meanwhile, new meme coins are leveraging recent trends, creative tokenomics, and well-structured marketing efforts to gain momentum.
For example, POPCAT capitalized on the popularity of the famous Oatmeal cat meowing at bugs to attract retail investors eager to connect with internet culture.
Similarly, WIF reinvigorated interest in the Solana ecosystem and reinvigorated its user base by introducing a community-centric token.
Unlike previous memecoin runs, these new tokens are being built by a team with strategic marketing plans, improved token distribution, and most importantly, influencer partnerships that help maintain visibility. Supported.
The low entry price and small market capitalization further attracted investors looking for high short-term returns, allowing new meme coins to outperform their predecessors.
Therefore, as market trends evolve, these new tokens, with their flexible and tech-savvy approaches, are likely to outperform the original meme coin unless the original meme coin undergoes significant innovation. Looks ready to perform.
Next: Bitcoin faces derivatives pressure: Is there a risk of a Q4 breakout?
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