Memecoin Meltdown: The prices of Meme Coins often fluctuate in the world of cryptocurrency, have fallen again. However, there was a slight increase in their prices in the last two days. Market players Dogecoin (DOGE) and its rival Shiba Inu (SHIB) as well as WIF and PEPE have been affected by this decline. Let us now know about these declines in detail.
DOGE Coin Analysis
Memecoin Meltdown: Dogecoin (DOGE) continues its downward trajectory. Over the last 24 hours, DOGE’s value has dropped by 2.39%, settling at $0.1209. The 7-day outlook shows a 2.91% decline, while the most recent 1-hour review indicates a 0.33% decrease. Despite this, DOGE maintains a substantial market cap of over $17.5 billion, with a trading volume of $283 million.
Shiba Coin Analysis
Memecoin Meltdown: SHIB, which some people call the “Dogecoin killer,” didn’t do so well in the past 24 hours. Its price dropped by 2.62% to $0.00001669. And over the last 7 days, SHIB’s price fell by 8.20%. SHIB’s market cap currently stands at $9.834 billion, while trading volume has fallen to $113 million, a decline of more than 50%…
Memecoin Meltdown: PEPE Coin Decline
PEPE, which hit consecutive all-time highs (ATH) last June, has now lost all those gains, over the last 24 hours, the price of PEPE has declined by 5.93%, dropping to $0.00001101, and the weekly price outlook is also disappointing, with its price falling by 6.69% in the last 7 days. PEPE’s market cap has dropped below $5 billion. At the time of writing, it is $4.632 billion. 24-hour trading volume, which previously reached $1 billion, has now dropped to $336 million
WIF Price Plummets
Memecoin Meltdown: Solana’s meme coin, WIF, had some ups and downs recently. It went up by 19% and 12% earlier in the week, but today it dropped by 3% to $2.02. However, the outlook for the next 7 days is positive, with an expected increase of 13.68%. WIF’s market cap is now over $2 billion, and its trading volume is higher than both DOGE and SHIB, reaching $300 million.
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