Meme Coins Surge in Popularity as Dogecoin (DOGE) Price Surges After Market Dip

As the latest U.S. election poll results capture public interest, meme coins have become some of the most-discussed crypto assets on social media.

Meme coins, known for their strong community presence and influence on social media, have seen a surge in popularity recently, especially among users discussing politics and finance.

As the latest U.S. election poll results continue to attract public interest, meme coins have become some of the most-discussed crypto assets on social media. Leading tokens like Dogecoin (DOGE), Dogelon Mars (ELON), MAGA (TRUMP) coin, and TrumpCoin (DJT) are experiencing a spike in both price and trading volume as users discuss these politically themed assets.

According to Santiment data, Dogecoin (DOGE) leads with a positive crypto sentiment, while ELON, MAGA, and DJT reflect mixed reactions, with a significant portion of sentiment trending negative.

In addition to DOGE, tokens like FWOG, SHIB, and BTC are also gaining traction across social platforms, showing varied sentiment patterns.

Dogecoin (DOGE) Price Surges After Market Dip

Dogecoin (DOGE) price experienced a notable increase, rising to $0.209 with a 19.58% gain over the past week. This spike is further supported by a 28.13% growth in market cap, now reaching $30.66 billion.

Read also: Mid-Cap Meme Coins Posed for Growth as DOGE Rallies

DOGE’s trading activity surged as well, with a 24-hour trading volume up by 187.17%, totaling $8.09 billion. The volume-to-market cap ratio of 26.22% reflects strong liquidity and trading interest in Dogecoin.

MAGA (TRUMP) Coin Volatility Increases

The MAGA (TRUMP) coin, another popular politically themed token, saw a 28.31% price increase to $4.37 over the past day. This gain led to a 24.73% growth in market cap, now sitting at $192.06 million.

Trading volume for MAGA rose by 112.47%, indicating heightened liquidity. The price trend shows an initial steady climb, a brief dip, and then a quick recovery, highlighting the volatility often associated with meme coins.

TrumpCoin (DJT) Sees Major Weekly Gain

TrumpCoin (DJT) recorded a 202.45% gain over the past week, bringing its price to $0.0008399. This rise is part of a broader increase in activity for politically themed tokens.

Despite the surge, TrumpCoin’s market cap remains at $8.30 million, with a 15.40% increase in 24-hour trading volume. The volume-to-market cap ratio of 17.47% points to active trading and liquidity within the market.

Dogelon Mars (ELON) registered a 15.50% daily gain, with the price reaching $0.0001506. Meanwhile, the market cap remains stable at $82.78 million, and trading volume surged by 129.52% over the last 24 hours, signaling sustained interest in the token.

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