Shiba Inu and Dogecoin, two of the most popular meme-inspired cryptocurrencies, have been recognized as top-performing assets on MetaMask.
The crypto wallet provider announced that both tokens ranked among the five most-swapped cryptocurrencies on its platform during the past week. This development reflects the growing interest in meme tokens within the broader crypto market.
Weekly Top Tokens on MetaMask
MetaMask’s weekly activity report revealed the tokens most frequently swapped on its platform. The list was led by Pepe (PEPE), a frog-themed cryptocurrency, in the first position. Dogecoin followed in second place, while Solana (SOL), known for its high-speed blockchain, secured the third spot. Shrub (SHRUB), another meme-based asset, came in fourth, with Shiba Inu rounding out the top five.
These rankings were determined by user activity related to token swaps conducted on the Ethereum mainnet via MetaMask’s wallet. First introduced in October 2020, MetaMask’s swap feature allows users to exchange tokens directly within the wallet, removing the need for centralized exchanges. Initially launched for desktops, the feature was extended to mobile users, further enhancing accessibility and simplifying the trading process.
Increasing Market Presence
The strong performance of Dogecoin and Shiba Inu highlights their growing prominence in the cryptocurrency space. Both tokens have experienced increased attention and trading activity in recent weeks. Political events, such as Donald Trump’s election as the next U.S. president, have reportedly contributed to heightened market activity, influencing interest in these digital assets.
Dogecoin has seen substantial gains in recent days, driven by increased demand. Its price reflects a 17% increase in the past week, currently trading at $0.4295. Additionally, its trading volume initially surged by 126.5%, totaling $19.23 billion, before dropping to $12.21 billion in the same period.
Recent Shiba Inu (SHIB) Performance
Shiba Inu (SHIB) has also shown impressive market performance. Last week, the token surpassed the $0.000025 resistance level, climbing to $0.00002704, an 8.78% increase in 24 hours.
Similarly, its trading volume grew by 113.82%, reaching $3 billion. These results demonstrate Shiba Inu’s sustained relevance and appeal within the digital asset market. The token is currently trading at $0.00002575.
The recognition of Shiba Inu and Dogecoin as two of the most-swapped tokens on MetaMask highlights their importance in the cryptocurrency ecosystem.
Their growing popularity reflects evolving market trends and user preferences, particularly as meme-based cryptocurrencies continue to attract significant attention. With increased trading activity and strong market performance, both assets remain influential players in the digital currency landscape.
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