The Dog Theme Meme Coin Rises Significantly Earlier This July

The decentralized memecoin Shiba Armstrong is still trading on the decentralized exchange. (Photo; Doc. Shiba Armstrong)

JAKARTA - The crypto market is recovering with rising dog-themed meme coins and Solana tokens. This increase comes after a prolonged period of decline, where the price of Bitcoin (BTC) fell to $61,000. This latest increase shows upward price movements for major crypto assets.

In the past 24 hours, meme coins have also increased after several assets recorded inflows. Some of the meme coins traded on the DEX include Shiba Armstrong (SHIBA), Cheems (CHEEMS), and Eggdog (EGG). In particular, Shiba Armstrong recorded a 33.6% increase today and is trading at $0.001264 amid projected bullish for this month.

Despite the decline in monthly figures by recording an outflow of 25%, the bullish still maintains a weekly positive push. The asset rose 42% in the past seven days, pushing prices over a wider market.

According to data from CoinGecko, the daily trading volume for these assets stands at $81,000, a figure that many expect will increase in line with bullish activity and sentiment in the crypto market.

Cheems also showed positive performance with prices rising to US$0.001547 today after recording a price spike of 28.7%. In the last seven days, these assets increased 48.6%, sparking new rally and optimism. However, previous losses due to market corrections threatened bullish push.

Last month, the dog-themed meme coin recorded an outflow of 58.9%, dropping its market cap to 3.7 million US dollars while the daily volume rose to 126,000 US dollars.

Eggdog is also attracting attention with the highest increase today. The price of this asset is trading at $ 0.0007878. Last week, bullish sentiment pushed this asset up more than 26% despite corrections from some.

This asset market capitalization is low and the daily trading figure suggests a possible further investment, according to some users. The total market capitalization stands at US$787,000 while the daily trading volume reaches US$102,000.