5 months in the past, the highest meme cryptocurrencies by market valuation have been valued at $33.7 billion and at this time, the meme coin economic system is 55% decrease, right down to $14.9 billion on September 23. Over the past month, dogecoin misplaced 12.8% in worth, and shiba inu is down 19.4% in opposition to the U.S. greenback in 30 days.
Dogecoin, Shiba Inu, Child Doge Coin Dip Decrease Shedding Between 12.8% and 19.4%
At the moment, the meme coin economic system is value almost 15 billion U.S. {dollars} and out of dozens of meme tokens, 25 of them have the time period “doge” of their title. 18 of the tokens have the title “shiba” and 30 crypto meme cash have the time period “canine” of their title.
The oldest and largest meme crypto asset, when it comes to market capitalization, dogecoin (DOGE), remains to be a heavy hitter on the planet of cryptocurrencies. DOGE is the tenth largest crypto coin by market capitalization because it’s valued at $7.97 billion. Out of the whole meme token economic system, dogecoin’s market cap is 53.48% of the $14.9 billion.
The second largest meme token is shiba inu (SHIB) with its $6.33 billion market valuation. SHIB’s market cap represents 42.48% of the whole meme coin economic system and it’s ranked 13 among the many 12,983 crypto belongings in existence. Between DOGE and SHIB, the 2 meme tokens dominate the $14.9 billion in crypto meme cash by 95.96%.
Out of the whole crypto economic system value $965 billion at this time, the DOGE and SHIB market caps mixed equate to 1.483% on Friday, September 23, 2022. The third largest meme coin asset is child doge coin (BABYDOGE), however its market cap is far smaller at $178.90 million.
BABYDOGE’s market valuation equates to 1.2% of the whole crypto meme economic system. Over the past two weeks, child doge coin misplaced 3.3% and over the previous month, the meme token is down 16.4%.
5 months in the past, the meme coin economic system was in significantly better standings and was coasting alongside at $33.7 billion on the time. At the moment, at $14.9 billion, the meme coin economic system has misplaced 55% in USD worth since then.
Whereas DOGE, SHIB, and BABYDOGE had a lackluster week, a handful of meme tokens noticed double-digit positive factors this previous week. For example, iotexshiba (IOSHIB) is up 48.3%, metadoge (METADOGE) has climbed 47.9%, and boss (BOSS) has risen 43.2% in opposition to the U.S. greenback in seven days.
When it comes to meme coin token losers this week, duckereum (DUCKER) misplaced 32.8%, shibaken finance (SHIBAKEN) shed 27.6%, and hoge finance (HOGE) is down 24.8%.
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