High market capitalization meme coins are having a field day over the weekend surging in prices and breaking new price levels.
Shiba Inu, the second largest memecoin by market cap and in the dog memecoin category surged to an 8-month high over the weekend. Dogecoin, the largest memecoin by market cap followed suit registering slight gains over the same period.
Shiba Inu meme-coin recorded a strong surge on Saturday evening, surging to a price of $0.00002969 before cooling off slightly to a current price of $0.00002897 on the same day.
The last time Shiba INU hit its Saturday price level was on April 1, eight months ago.
At the time of this report, Shiba Inu is exchanging hands for $0.00003064 surging by 13.3% in the last 24 hours.
Shiba Inu is currently the biggest gainer among the top 100 cryptocurrencies according to Coingecko data followed by Filecoin which saw a 10% jump on Saturday evening.
The current surge by the two-leading dog-themed memecoin is not…