SHIB and FLOKI have surpassed the major coins!

With their sensational rises SHIB and FLOKI, it has left behind many major altcoins that crypto investors have shown great interest in.
The cryptocurrency market is moving forward with a bullish appetite. However, in recent days, memecoins with cat and dog symbols have come to the fore rather than major altcoins.
Memecoins have taken memecoins by storm in the last 24 hours, with layer-2 projects, modular blockchains, and decentralized finance platforms failing to make much of a break.
FLOKI, one of the pioneers of memecoins, has risen 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!
As crypto investors chase layer-2, modular blockchain, decentralized finance, and other projects, there has been a surprise surge. While FLOKI came out on top with the memecoin bull, SHIB made a huge improvement.
Due to the memecoin bull, cryptocurrencies with cat and dog symbols have taken over the top. DOGE, the largest memecoin by market capitalization, has maintained its lead by making a significant rise. In this memecoin bull, all eyes are on the FLOKI and SHIB side. That's because popular memecoins have surpassed popular names that have a project behind them.
SHIB, with its 75 percent rise in the last 24 hours, has surpassed many elite projects. The popular memecoin ranked 11th in the rankings by market capitalization, ahead of the following projects:
Oracle project Chainlink (LINK)
Tron (TRX), the network actively used by Tether
Polkadot (DOT) as the next generation blockchain
Leading layer-2 project Polygon (MATIC)
FLOKI, on the other hand, increased by 139 percent in the last 24 hours and ranked 83rd in terms of market capitalization. FLOKI has surpassed the most popular projects of the last period. Floki is ahead of the following coins in the market cap ranking:
Oracle project Pyth Network (PYTH)
Worldcoin (WLD), the pioneer of the artificial intelligence bull
Artificial intelligence startup SingularityNET (AGIX)
Decentralized exchange dYdX (DYDX)
Modular blockchain Dymension (DYM)
This picture revealed the stark reality of the bull market. Memecoins, which are 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 will continue on the SHIB and FLOKI side, it should not be forgotten that the market is overinflated and the possibility of correction.
#ContentStar #Gate post Highlights
#HotTopicDiscussion #BountyCreator
#GateLive #NewsMessenger