Meme coins were some of the earliest breakout stars at the starting time of this year'southward bull run and big-name influencers like Elon Musk and Mark Cuban helped to stoke a surge in the price of Dogecoin (DOGE). The success of DOGE eventually spawned the massive litter of dog-themed offshoots that now populate the meme money pack.

This week, the pack is once again on the run after Shiba Inu (SHIB) saw a triple-digit breakout and DOGE looks ready to movement higher. Bitcoin'southward (BTC) sudden move above the $55,000 level appears to have kickstarted the move, and even as the cost moves lower to test underlying support, meme-tokens are still flashing bullish signals.

Bated from Bitcoin's recent breakout and protocol-specific announcements, the rally in meme coins seems to have been kicked off later Elon Musk tweeted a picture of a Shiba Inu puppy.

Shiba Inu expands its ecosystem

Co-ordinate to CoinGecko, of the peak five meme coins, SHIB has been the best performer over the past week, with its cost surging 400% from a low of $0.00000700 on October. iv to a multi-month high at $0.0003529 on Oct. half dozen.

Superlative-5 meme coins past market capitalization. Source: CoinGecko

The surge in the cost of SHIB comes as the ecosystem behind the token has expanded to include the ShibaSwap exchange, which claims to offer lower exchange fees than Uniswap and multiple ways for token holders to earn a yield through providing liquidity or staking.

SHIB also benefits from beingness one of the few meme tokens listed on multiple large cryptocurrency exchanges, including Coinbase and Binance, which provides ample liquidity and trading volume for traders interested in SHIB.

The Shiba Inu community has also been showing an increasing interest in the upcoming launch of the protocol's Shiboshi NFT.

Related: DOGE co-founder sets sights on Ethereum bridge and NFTs for mass adoption

Dogecoin prepares for a breakout

SHIB may have notched the largest percentage gain, merely DOGE remains the top dog of the pack with the furthest reach and a marketplace cap of $33.26 billion.

VORTECS™ information from Cointelegraph Markets Pro began to detect a bullish outlook for DOGE on Oct. 1, prior to the recent price ascension.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparing of historical and current market place conditions derived from a combination of information points including marketplace sentiment, trading volume, contempo cost movements and Twitter activity.

VORTECS™ Score (green) vs. DOGE price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for DOGE climbed into the light-green zone and hit a high of 74 on Oct. 1, around 61 hours before the cost increased past 26.7% over the next 2 days.

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