The meme coin market cap, currently at $127 billion, indicates stability. This has set a positive backdrop for meme coins, including popular ones like DOGE, PEPE, and BONK, which are currently priced in green.
The notable recent rally of Bitcoin, which has now reached an impressive $99,000, has sparked enthusiasm across the broader cryptocurrency market.
Amidst this positive market environment, Shiba Inu (SHIB), one of the leading meme coins with a dog-themed concept, has managed to gain moderately, suggesting a potential for further momentum.
