Meme coins are a topic of debate within the cryptocurrency world, with some viewing them as non-functional and others considering them integral to the market. Unlike established cryptocurrencies like Bitcoin, meme coins are often associated with meme culture, creating a divide. Dogecoin led the way for many meme coins, creating a market cap of $45 billion. The market performance of Shiba Inu (SHIB), Bonk (BONK), and Pepe Coin (PEPE) is drawing attention.

Shiba Coin Value in Turkish Lira

SHIB, a top competitor to DOGE, has been in the market for some time and holds the 11th position in market cap rankings. Despite facing a decline, SHIB has managed to maintain its position near the top 10. Currently, SHIB is trading at $0.00002232, showing a 5.80% drop in the last 24 hours. Turkish investors are also monitoring SHIB's value, with the SHIB/TRY price at 0.00073460 TRY.

Bonk Coin Analysis

After gaining popularity in 2023 due to the airdrop from Solana's SAGA phone release, BONK saw a significant increase in value, rising over 20,000% since its launch in January 2023. Presently, BONK is trading at $0.00002225, showing a 9.66% drop. The market cap is at $1.45 billion, while the trading volume has increased by 5.51% to $315 million.

Pepe Coin Overview

Emerging in 2023 as the first frog-themed meme coin, PEPE has become a notable project on the Ethereum network. Despite market fluctuations, PEPE has risen to the third spot in meme coin rankings, following SHIB and DOGE. Currently trading around $0.000006657, PEPE has dropped over 7%, with a 13% decline over a 7-day period.