At present’s prime meme cash have misplaced 4.8% in worth towards the U.S. greenback, because the crypto market carnage has wreaked havoc throughout all the digital foreign money financial system. Whereas dogecoin had an exceptional yr in 2021, over the previous 12 months, dogecoin misplaced 82.8% towards the USD.
DOGE Tapped an All-Time Excessive a 12 months In the past At present, Meme Coin Worth Is Down 82% Since That Level
Meme coin property are down this week following the remainder of the crypto financial system’s downward spiral. Statistics present that dogecoin (DOGE) has shed 14% in worth throughout the previous month and 30 day stats present shiba inu (SHIB) is down 24%.
Within the final day alone, the $28.3 billion value of meme tokens misplaced 4.8% in worth. DOGE misplaced 1.7% over the past seven days and this week SHIB has dropped by 6.8%. DOGE can also be down 82.8% from the crypto asset’s all-time excessive on Could 8, 2021, which was precisely a yr in the past right now.
At the moment, DOGE reached an ATH of round $0.731 per unit. Six months in the past, SHIB tapped an ATH at $0.00008616 per unit and right now it’s down 78% since that worth level. Each DOGE and SHIB make up a lot of the $28.3 billion meme token market capitalization by representing 95% with a mixed market valuation of round $26.9 billion right now.
Google Tendencies Information Exhibits Curiosity in Dogecoin and SHIB Is Low
Whereas a lot of the meme coin financial system has shed vital worth in latest occasions, a comparatively unknown meme token known as litedoge (LDOGE) has gained 400% this week. Poodl token (POODL) is up 34.2% and dogefi (DOGEFI) is up 27.3% throughout the previous seven days. Nonetheless, jejudoge (JEJUDOGE) has misplaced 44.6% this week, lets go brandon (LETSGO) is down 43.3%, and shiba fantom has shed 28.9% in worth towards the USD.
Meme tokens had been all the fashion final yr, however curiosity appears to be dwindling quick. After hitting a Google Tendencies (GT) rating of 100 final Could, this yr throughout the identical weekly timeframe, the search phrase “dogecoin” has scored a 3. SHIB hit a 100 in October and GT knowledge exhibits the search time period “SHIB” has scored a 4 this week, in accordance with worldwide statistics.
What do you concentrate on the meme coin market carnage and the dearth of curiosity in SHIB and dogecoin as of late? Tell us what you concentrate on this topic within the feedback part beneath.
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