Meme-Crypto Wars: Dogecoin and SHIB Prices Falter, Cake Monster Jumps Over 800% in 7 Days

In 2021, meme-based crypto assets skyrocketed in value following the lead of the original meme crypto-asset dogecoin’s massive gains. This week a great number of digital currencies have rebounded in price but a slew of popular meme tokens are not doing so hot this week. However, one specific meme-crypto called “cake monster” has jumped 112% in value during the last 24 hours.

Dogecoin and Shiba Inu Markets Have Seen Better Days has covered a wide variety of meme-based cryptocurrencies that followed the ‘Dogefather’s’ 8,818% one-year gains. Doge has seen a triumphant rise in 2021 thanks to mainstream media coverage and shoutouts from the Tesla CEO Elon Musk.

Doge has gained 36.5% during the last month, but dogecoin is down 13% over the course of the week. At the time of writing, a single DOGE is swapping for $0.284508 per unit.

Another meme-asset that took the crypto world by storm is Shiba inu SHIB as it has outpaced dogecoin’s gains gathering a whopping 8,750,740% in less than 12 months.

But just like Doge, SHIB is down 14.8% during the last seven days. SHIB has only gained 16.6% during the last 30 days and at the time of writing a single SHIB exchanges hands for $0.00000721 per token.


Cake Monster Performance Outshines All the Meme Token Markets

Those two crypto assets are the largest meme-based cryptos in terms of market capitalization as DOGE has a $37 billion market valuation and SHIB has a ​​$3.5 billion capitalization.