- The top memecoin with the largest market capitalization, DOGE, leads other meme tokens, including SHIB & PEPE.
- Currently, Pepe reflects 7.05% positive returns during the weekly trading session.
- The PEPE token has the highest volume when compared to other meme coins.
Meme coins are an open-source cryptocurrency genre in the crypto industry. The charm of memes on the internet influences this category of cryptocurrency. The term refers to cryptocurrencies, which are named after characters, individuals, animals, and artwork that can be mimicked.
The meme tokens are mostly supported by online meme lovers and communities with the intention of being lighthearted and fun. Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular examples of this cryptocurrency genre.
Recently, some other meme coins have come into the limelight and gained a lot of appreciation. They are Pepe (PEPE), Floki (FLOKI), Bonk (BONK), and several others. All the memecoins are competing for the top spot, but which ones are performing well? Let’s find out.
Price Performance of DOGE, SHIB, and PEPE Meme Tokens
Dogecoin (DOGE)
After facing bearish remarks from the $0.2292 resistance, the buyers have finally taken charge of the DOGE price. They assembled on the $0.1256 demand zone and rallied the price over 35%.

Source: DOGE/USD Daily Chart by TradingView
The current price of DOGE is taking a minor retest toward the $0.1488 bullish point of interest (POI). On the other hand, the 50-day EMA can act as dynamic support in the current session. As per market technicals, the bullish outlook is expected to be above the $0.1749 level and bearish below the $0.1159 support.
Shiba Inu (SHIB)
The SHIB token price outperformed the global cryptocurrency market by 0.90% and GMC 30 Index cryptocurrencies by 2.50% compared to the last seven days’ data. The price, on the other hand, shows a weak bullish movement.

Source: SHIB/USD Daily Chart by TradingView
Currently, the price is facing resistance from the $0.0000294 supply level. It is moving toward the $0.0000238 key bullish POI. A successful retest may hold a potential bullish reversal from that POI. The technical speculations suggest a bullish view above the $0.0000326 mark and a short-term bearish look below the $0.0000207 level.
Pepe (PEPE)
In terms of trading volume, the PEPE crypto placed itself as the top one among other memecoins. That reflects people’s increasing interest in Pepe crypto. However, it is underperforming the Ethereum ecosystem of cryptocurrencies.

Source: PEPE/USD Daily Chart by TradingView
The bulls are showing absolute dominance over the PEPE price. They are consistently keeping the price in the blue-sky zone. The price is moving just 10.93% below the $0.0000171 all-time high mark. Currently, the market structure analysis suggests that the price may make a correction before making any big move. The bullish outlook lies above the $0.0000171 resistance and bearish below the $0.0000089.
Conclusion
All three meme tokens have shown a bullish rally from mid-April to early May 2024. However, the PEPE token is currently outperforming these two in terms of market returns and price performance. SHIB crypto holds the second spot based on weekly returns, which surged over 3.50%. Conversely, while comparing market structure and price performance, DOGE holds the second spot.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.